3 Must See Graphs That Tell TrueCar's True Story
If a picture or graph is worth a thousand words, then one of the most fulfilling earnings presentations you can look through is that of TrueCar, Inc. (NASDAQ: TRUE), a leading digital automotive marketplace offering consumers pricing transparency and dealerships more cost-efficient sales leads; its presentations are filled with valuable graphs. This year through mid-July, TrueCar's stock price had jumped roughly 90% before dropping over the past month, but if these three graphs from the second quarter are any indication, the company's investing story is rolling again.
In case you missed the headline financial figures, TrueCar's second quarter was solid; adjusted earnings per share checked in at $0.01 on revenue of $81.8 million, both just slightly topping analysts' consensus estimates. If you're wondering why TrueCar's stock slid roughly 10% right after announcing the top- and bottom-line beats, it's mostly due to the company's forward guidance. Management expects third-quarter revenue to check in between $85 million to $87 million, and while that's a solid year-over-year gain, it was slightly below analysts' estimates calling for $87.68 million.
Beyond the small discrepancy between the company's forward guidance and Wall Street estimates, these four graphs show just how well TrueCar's business has rebounded.
Source: Fool.com