Earnings Call Summary | TrueCar(TRUE.US) Q1 2024 Earnings Conference
Earnings Call Summary | TrueCar(TRUE.US) Q1 2024 Earnings Conference
The following is a summary of the TrueCar, Inc. (TRUE) Q1 2024 Earnings Call Transcript:
以下是TrueCar, Inc.（TRUE）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
TrueCar reported Q1 revenue growth of 11% YOY due to growth in their core dealer business and solid OEM incentive revenue performance.
Adjusted EBITDA profitability reached $0.9 million, a significant improvement of $12.3 million YOY.
The company predicts a 13% YOY revenue increase for Q2 while maintaining an adjusted EBITDA target of breakeven.
TrueCar報告稱，第一季度收入同比增長11％，這要歸因於其核心經銷商業務的增長和穩健的OEM激勵收入表現。
調整後的息稅折舊攤銷前利潤率達到90萬美元，同比大幅提高1,230萬美元。
該公司預計第二季度收入將同比增長13％，同時維持調整後的息稅折舊攤銷前利潤目標，即盈虧平衡。
Business Progress:
業務進展：
TrueCar saw a 7.3% YOY increase in new vehicle units from its franchise dealers in Q1, outdoing the industry's 4.9% growth.
TrueCar is expanding its dealer product offering with the introduction of TrueCar Market Solutions, which has been added by over 350 dealers to their existing subscriptions.
The company intends to finalize the first fully digital transaction for new car purchases in H1 of this year, with a pilot program for completely online transactions launching later this quarter.
The company has identified four pillars of growth: new dealer activation, reduction of dealer churn, average revenue per dealer growth, and OEM revenue growth, collectively targeting a return to $300 million in revenue with a 10% free cash flow margin by 2026.
They are also investing in their consumer experience tools to improve website conversion rates and adapt to the changing performance marketing landscape.
Initiatives like TrueCar Market Solutions and TrueCar+ demonstrate progress in product development.
TrueCar在第一季度，其特許經銷商的新車銷量同比增長7.3％，超過了該行業4.9％的增長。
TrueCar正在通過推出TrueCar市場解決方案來擴大其經銷商產品範圍，已有350多家經銷商在現有訂閱中增加了TrueCar市場解決方案。
該公司打算在今年上半年完成首筆完全數字化的新車購買交易，並於本季度晚些時候啓動一項完全在線交易的試點計劃。
該公司已經確定了四大增長支柱：激活新的經銷商、減少經銷商流失率、每家經銷商的平均收入增長和OEM收入的增長，共同的目標是到2026年，收入恢復到3億美元，自由現金流利潤率爲10％。
他們還投資於消費者體驗工具，以提高網站轉化率並適應不斷變化的績效營銷格局。
TrueCar市場解決方案和TrueCar+等舉措表明了產品開發的進展。
More details: TrueCar IR
更多詳情： TrueCar 紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。