TrueCar Inc (NAS:TRUE)
$ 2.83 -0.02 (-0.7%) Market Cap: 259.42 Mil Enterprise Value: 142.95 Mil PE Ratio: 0 PB Ratio: 1.66 GF Score: 72/100
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TrueCar Inc at Needham Technology & Media Conference (Virtual) Transcript

May 16, 2022 / 02:15PM GMT
Release Date Price: $3.09 (-2.52%)
Chris Pierce
Needham & Company, LLC - Analyst

Good morning, everyone. My name is Chris Pierce. I'm with the Needham research team. Thanks for joining us for the 17th Annual Needham Tech & Media conference. It's my pleasure to introduce Mike Darrow, President and CEO of TrueCar, ticker TRUE. Mike, thanks for joining us this morning.

Mike Darrow
TrueCar, Inc. - President & CEO

Thanks for having me, Chris. Good to talk to you.

Questions & Answers

Chris Pierce
Needham & Company, LLC - Analyst

Cool. I thought we'd start out with the macro since it's kind of a pressing or interesting topic, I would say. I would actually call it interesting more versus pressing. And specifically, let's start with a couple ways of [getting]. TrueCar has historically been more levered to new cars. So how do you think about new-car production? Is that the firmest signal you think as far as affecting used-car prices? Or could something else affect used-car prices? Demand destruction, higher interest rates. How do

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