carsales.com: Solid Moat And International Expansions [Seeking Alpha]
TrueCar, Inc. (TRUE)
Last truecar, inc. earnings: 2/20 04:03 pm
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US:NASDAQ Investor Relations:
ir.true.com/investor-relations
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Source: Seeking Alpha
SummaryThe business consistently had a healthy top-line and adjusted EBITDA growth over the last five years.Given the modest TAM in Australia, carsales.com has expanded internationally except in the US.Over the last five years, the international segment's revenue has more than tripled as it drove 22% of the ~$424 million in revenue in 2019.At 8.6x P/S, the stock is much more expensive than its US peers, which face market saturation and intense competition.With the international segment potentially making up over 30% of revenue in the next few years, 8.6x P/S may be a bargain today.OverviewThe internet automotive marketplace is both a very saturated and large market in the US. There are many different companies with various business models such as TrueCar (TRUECARSCVNAKMXCARGOTCPK:CSXXYCatalystcarsales.com has a strong moat due to its market leadership in Australia, where it is far ahead from the other competitors in terms of everything, including page views. Daily page views in carsal
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News
- These Cars Are The Worst Deals Right Now, According To Consumer Reports [Yahoo! Finance]Yahoo! Finance
- TrueCar to Announce First Quarter 2024 Financial Results in Stockholder Letter on April 29PR Newswire
- Diego Rodriguez Nominated to Stand for Election to TrueCar's Board of Directors at May 23, 2024 Annual Meeting [Yahoo! Finance]Yahoo! Finance
- Diego Rodriguez Nominated to Stand for Election to TrueCar's Board of Directors at May 23, 2024 Annual MeetingPR Newswire
- 4 Affordable Convertible Cars for a Luxurious Retirement [Yahoo! Finance]Yahoo! Finance
TRUE
Earnings
- 2/20/24 - Beat
TRUE
Sec Filings
- 4/15/24 - Form 4
- 4/15/24 - Form 4
- 4/12/24 - Form 8-K
- TRUE's page on the SEC website