TrueCar, Inc. (TRUE) Q1 2025 Earnings Call Transcript

TrueCar, Inc. (NASDAQ:TRUE) Q1 2025 Earnings Conference Call May 6, 2025 9:00 AM ET

Company Participants

Jantoon Reigersman – President and Chief Executive Officer
Oliver Foley – Chief Financial Officer

Conference Call Participants

Naved Khan – B. Riley Securities
Ryan Meyers – Lake Street
Tom White – D.A. Davidson
Chris Pierce – Needham
Jash Patwa – JPMorgan
Martin Fong – BTIG

Operator

Good day, and welcome to the TrueCar First Quarter 2025 Financial Results Conference Call. Please note that this event is being recorded.

I would now like to turn the conference back over to Jantoon Reigersman, President and Chief Executive Officer of TrueCar. Please go ahead.

Jantoon Reigersman

Thank you, operator. Hello, everyone, and welcome to TrueCar's first quarter 2025 earnings conference call. Joining me today is Oliver Foley, our Chief Financial Officer. I hope you've all had the opportunity to read our most recent stockholder letter, which was released yesterday after market close and is available on our Investor Relations website at ir.truecar.com.

Before we get started, I need to read our Safe Harbor. I want to remind you that we will be making forward-looking statements on this call, including statements regarding the potential impact of newly implemented tariffs, including those impacting the automotive sector. Forward-looking statements can be identified by the use of words such as believe, expect, plan, target, anticipate, become, seek, will, intend, confident and similar expressions and are not and should not be relied on as guarantees of future performance or results. Actual results could differ materially from those contemplated by our forward-looking statements. We caution you to review the Risk Factors section of our annual report on Form 10-K, our quarterly reports on Form 10-Q and our other reports and filings with the Securities and Exchange Commission for a discussion of the factors that could cause our results to differ materially.