TrueCar (NASDAQ: TRUE) reported Q1 EPS of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter came in at $81.1 million versus the consensus estimate of $81.37 million.

• First quarter total revenue up 7% from a year ago to $81.1 million.
• First quarter net loss of $(9.1) million, or $(0.09) per share, compared to net loss of $(6.8) million, or $(0.08) per share, in the first quarter of 2017.
• First quarter Non-GAAP net income(1) of $0.8 million, or $0.01 per share, compared to Non-GAAP net loss of $(0.7) million, or $(0.01) per share, in the first quarter of 2017.
• First quarter Adjusted EBITDA(2) of $6.0 million, representing an Adjusted EBITDA margin(3) of 7.4%, compared to Adjusted EBITDA of $6.1 million, representing an Adjusted EBITDA margin of 8.0%, in the first quarter of 2017.
• Units(4) were 229,717 in the first quarter of 2018, up 6% from 217,656 in the first quarter of 2017.
• Franchise dealer count(5) was 12,205 as of March 31, 2018, compared to 12,142 as of December 31, 2017.
• Independent dealer count(6) was 3,006 as of March 31, 2018, compared to 2,979 as of December 31, 2017.

Business Outlook

TrueCar’s guidance for the second quarter ending June 30, 2018 is as follows:

• Units are expected to be in the range of 243,000 to 248,000.
• Revenues are expected to be in the range of $87 million to $89 million.
• Adjusted EBITDA is expected to be in the range of $8 million to $9 million.(9)

Guidance for the full year ending December 31, 2018 remains as follows:

• Units are expected to be in the range of 1,030,000 to 1,050,000.
• Revenues are expected to be in the range of $360 million to $365 million.
• Adjusted EBITDA is expected to be in the range of $36 million to $40 million.(9)

For earnings history and earnings-related data on TrueCar (TRUE) click here.