TrueCar (NASDAQ: TRUE) reported Q2 EPS of $0.04, $0.11 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $62.7 million versus the consensus estimate of $55.58 million.

“We’ve just turned the corner on what was truly an unprecedented second quarter,” said Mike Darrow, TrueCar’s President and Chief Executive Officer. “In light of the situation around us, we are pleased by our results, highlighted by revenue and Adjusted EBITDA well above expectations. During the quarter, we successfully navigated the onset of COVID-19, executed a transformative strategic restructuring and formalized numerous cross-functional initiatives to support the USAA transition. We continue to believe unwavering focus on our core business will drive a better balance of sustainable growth and profitability that maximizes long-term shareholder value.”

GUIDANCE:

Due to the uncertainty caused by the coronavirus pandemic, we will not be providing formal guidance for the third quarter ending September 30, 2020 or the full year ending December 31, 2020 at this time.

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