TrueCarNASDAQ: TRUE

Stagwell's (STGW) Brand New Galaxy rebrands as Assembly, bolstering Assembly's media and more capabilities across the consumer journey WARSAW, Poland and NEW YORK , June 6, 2024 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced that Brand New Galaxy is rebranding as Assembly and bringing expanded digital commerce capabilities and expertise into Assembly around the globe. This new and bigger Assembly of data, talent, and tech enables the connection of omnichannel media to commerce to help deliver Assembly's proposition of Find the Change That Fuels Growth across the entire consumer journey for clients.

The key metrics for TrueCar's performance in the first quarter of 2024 can be analyzed by comparing them to Wall Street estimates and the previous year's results.

TrueCar reported a quarterly loss of $0.04 per share, matching the Zacks Consensus Estimate, compared to a loss of $0.16 per share in the same period last year.

While the top- and bottom-line numbers for TrueCar (TRUE) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

TrueCar (TRUE) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.17 per share a year ago.

TrueCar is expected to maintain its momentum in the fourth quarter of 2023, with the likelihood of higher share prices. The company operates as a technology platform, connecting car buyers with certified dealers and offering local pricing information and inventory. TrueCar has set ambitious goals for the next three years, aiming for annual revenue of over $300 million and more than 10% free cash flow by the end of 2026.

TrueCar, Inc. beats revenue estimates in Q3 2023 by approximately $170,000. TrueCar operates an online marketplace for automobile purchases in the United States. The company's fundamentals are improving, but it may not return to high growth or achieve operating breakeven in the near term.

Although the revenue and EPS for TrueCar (TRUE) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Long-established in the Interactive Media industry, TrueCar Inc ( TRUE , Financial) has enjoyed a stellar reputation. It has recently witnessed a surge of 12.44%, juxtaposed with a three-month change of 0.21%.