TrueCar (TRUE) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - TrueCar reported revenue of $46.54 million for Q3 2024, a year-over-year increase of 13.1$0.03, an improvement from -$0.05 a year ago [1] - Revenue exceeded the Zacks Consensus Estimate of$45.82 million by 1.59% [1] Financial Performance Metrics - Monetization was reported at $490, below the average estimate of$521.94 from two analysts [3] - Units sold reached 95 thousand, surpassing the average estimate of 87.66 thousand [3] - OEM incentives revenue was $4.40 million, lower than the average estimate of$5.05 million, reflecting an 11% year-over-year decline [3] - Dealer revenue was $42 million, exceeding the average estimate of$40.62 million, marking a 16.5% year-over-year increase [3] Stock Performance - TrueCar's shares have returned +17.3% over the past month, compared to the S&P 500 composite's +0.7% change [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]