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年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
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报告称，第一季度收入同比增长11％，这要归因于其核心经销商业务的增长和稳健的OEM激励收入表现。
调整后的息税折旧摊销前利润率达到90万美元，同比大幅提高1,230万美元。
该公司预计第二季度收入将同比增长13％，同时维持调整后的息税折旧摊销前利润目标，即盈亏平衡。
Business Progress:
业务进展：
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，其特许经销商的新车销量同比增长7.3％，超过了该行业4.9％的增长。
TrueCar正在通过推出TrueCar市场解决方案来扩大其经销商产品范围，已有350多家经销商在现有订阅中增加了TrueCar市场解决方案。
该公司打算在今年上半年完成首笔完全数字化的新车购买交易，并于本季度晚些时候启动一项完全在线交易的试点计划。
该公司已经确定了四大增长支柱：激活新的经销商、减少经销商流失率、每家经销商的平均收入增长和OEM收入的增长，共同的目标是到2026年，收入恢复到3亿美元，自由现金流利润率为10％。
他们还投资于消费者体验工具，以提高网站转化率并适应不断变化的绩效营销格局。
TrueCar市场解决方案和TrueCar+等举措表明了产品开发的进展。
More details: TrueCar IR
更多详情： TrueCar 红外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。