TrueCar, the digital car retail platform, recently revealed that the company's losses during the first quarter increased from $9.1 million to $14.4 million when compared to last year's numbers. This is due to an increase in expenses which offset the 6% increase in revenue.
TrueCar's revenue and adjusted earnings before interest, taxes, depreciation, and amortization (adjusted EBITDA) both came in at or above the top end of its prior guidance. But the company lowered its forecasts for the remainder of 2019.
|Metric||Q1 2019||Change vs. Q1 2018|
|Vehicles purchased (units)||232,781||1%|
|Adjusted EBITDA||$5.1 million||(15%)|
|Net income (loss)||($14.4 million)||$5.3 million worse|
|Adjusted net income (loss)||($428 million)||$1.27 billion worse|
|Net income (loss) per share||($0.14)||$0.05 worse|
|Adjusted net income per share||$0.00||$0.01 worse|
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