TRUE - TrueCar GAAP EPS of -$0.12 beats by $0.04 revenue of $42.3M misses by $1.33M
- TrueCar press release ( NASDAQ: TRUE ): Q2 GAAP EPS of -$0.12 beats by $0.04 .
- Revenue of $42.3M (-35.7% Y/Y) misses by $1.33M .
- Revenue: $42.3 million, down 35.7% year over year and 2.9% sequentially, due primarily to lower close rates as a result of limited dealer inventories and significantly higher prices for vehicles, a combination that stems mainly from ongoing disruptions seen across the global automotive supply chain, including the continuing semiconductor shortage and increasing interest rates.
- Traffic 7.2 million vs. 9.6 million in Q2 2021
- Dealers 12,086 vs. 13,159 in Q2 2021
- Units 90k vs. 195k in Q2 2021
- Monetization $467/unit vs. $336/unit in Q2 2021
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TrueCar GAAP EPS of -$0.12 beats by $0.04, revenue of $42.3M misses by $1.33M