TrueCar reported break-even earnings for the fourth quarter, beating analysts' estimates of a loss of 1 cent a share for the quarter. The company reported earnings of $55.5 million for the fourth quarter, a 38.2% increase from the year-ago quarter, in line with analysts' estimates for the quarter.
Transaction revenue grew 42% year over year to $52.1 million in the fourth quarter, while data/other revenue grew 7% to $4.2 million. TrueCar said that monthly unique visitors increased 34% to 4.4 million in the quarter, the number of units listed grew 43% to 163,338, and the Franchise Dealer Count rose to 8,501.
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TrueCase said its average transaction value grew to $314 in the fourth quarter, up from $303 in the third quarter, and $310 in the year-ago quarter.
Looking to the first quarter, TrueCar expects revenue of $59 million, compared to analysts' estimates of $58.6 million. TrueCar expects revenue of $280 million to $290 million for full year 2015, compared to analysts' estimates of $281.3 million for the year.