TrueCar Inc. Reports Q1 2025 Revenue Growth Amid Challenges

TrueCar Inc ( (TRUE) ) has released its Q1 earnings. Here is a breakdown of the information TrueCar Inc presented to its investors.

TrueCar Inc. is a digital automotive marketplace that connects auto buyers and sellers through a network of certified dealers, offering a personalized and efficient car shopping experience.

In the first quarter of 2025, TrueCar Inc. reported a total revenue of $44.8 million, marking a 9.2% year-over-year increase. However, the company also experienced a rise in net loss to $10.1 million, compared to $5.8 million in the same period last year.

Key highlights from the quarter include a significant 23% year-over-year increase in new unit sales volume, outpacing the industry’s growth. The company expanded its Affinity Network by partnering with DoorDash, GasBuddy, and GovX. TrueCar’s Marketing Solutions division saw a 19% quarter-over-quarter revenue increase, while the TrueCar+ product continued to show promise in transforming the car buying experience.

Despite facing challenges such as increased tariffs on imported vehicles, TrueCar remains optimistic about its ability to manage cash flow and maintain strong dealer and OEM relationships. The company is focusing on enhancing its data platform and leveraging AI and machine learning to improve lead quality and consumer experience.

Looking ahead, TrueCar aims to scale its TrueCar+ product and continue expanding its dealer network. While the company refrains from providing financial guidance due to market uncertainties, it remains committed to delivering value to its partners and adapting to changing market conditions.