On Friday, in the course of current trade, Shares of TrueCar Inc (NASDAQ:TRUE), climbed 0.99%, and is now trading at $5.58.
TrueCar Reports Second Quarter 2015 Financial Results
- Second quarter total revenue of $65.3 million; transaction revenue of $60.4 million.
- Second quarter net loss of $(14.7) million, or $(0.18) per share, contrast to net loss of $(15.0) million, or $(0.22) per share, in the second quarter of 2014.
- Second quarter Adjusted EBITDA(1) of $0.5 million, representing an Adjusted EBITDA margin of 0.7%, down from $1.8 million for the second quarter of 2014, representing an Adjusted EBITDA margin of 3.5%.
- Second quarter Non-GAAP net loss(2) of $(3.8) million, or $(0.05) per share, contrast to Non-GAAP net loss of $(1.4) million, or $(0.02) per share, in the second quarter of 2014.
- TrueCar users purchased 190,358 units from TrueCar Certified Dealers, up 27% year-over-year and the most in company history.
- Franchise Dealer Count(3) grew by 1,618 dealers or 21% year-over-year to a record 9,300.
TrueCar, Inc. operates as an Internet-based information, technology, and communication services company. The company operates its platform on the TrueCar Website and TrueCar mobile applications.
During an Afternoon trade, Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW), dipped -1.71%, and is now trading at $68.48.
C.H. Robinson Worldwide, declared that its Board of Directors recently declared a regular quarterly cash dividend of 38 cents ($0.38) per share, payable on September 30, 2015, to shareholders of record on September 4, 2015.
C.H. Robinson has distributed regular dividends for more than twenty-five years. As of August 6, 2015, there were about 141,801,035 shares outstanding.
C.H. Robinson Worldwide, Inc., a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide.
Shares of Solera Holdings Inc (NYSE:SLH), during its Friday’s current trading session raised 2.69%, and is now trading at $42.73.
Solera Holdings, declared it has attained Autodata B.V. (“Autodata”), a leading provider of vehicle valuation, inventory administration and workflow software for automotive dealers and leasing companies in the Netherlands.
Autodata’s fully integrated suite of vehicle valuation, inventory administration and marketing services provides data on about one in every four pre-owned cars for sale in the Dutch marketplace. In addition to enhancing its customer value proposition, Solera plans to leverage Autodata’s proprietary data to establish a standardized vehicle valuation methodology across Europe. Autodata’s solutions will also be integrated with Solera’s risk and asset administration solutions that bring together property insurers, auto dealers, vehicle mechanics, car manufacturers and consumers into one digital marketplace.
Solera Holdings, Inc. provides software and services to insurance companies, collision repair facilities, independent assessors, automotive recyclers, auto dealers, and households.
Finally, DHT Holdings Inc (NYSE:DHT), lost -0.91% Friday.
DHT Holdings, declared:
Highlights of the quarter:
- EBITDA for the quarter of $49.5 million. Net income for the quarter of $22.2 million ($0.24 per basic share).
- The Company’s VLCCs operating in the spot market achieved time charter equivalent earnings of $52,300 per day in the second quarter of 2015.
- On July 22, 2015 the Company declared a new policy regarding dividend and capital allocation. As a result of the current tanker market, DHT intends to return at least 60% of its ordinary net income (adjusted for extraordinary items) to shareholders. Further, DHT intends to use a noteworthyamount of surplus cash flow after returning such capital to shareholders to delever its balance sheet.
- In accordance with the new dividend policy the Company will pay a dividend of $0.15 per common share for the quarter payable on August 20, 2015 for shareholders of record as of August 12, 2015.
- As part of the Company’s capital allocation policy declared on July 22, 2015, the Company prepaid $20.0 million of bank debt during the quarter. The $20.0 million comprises of $17.1 million remaining outstanding under the DVB loa contract that had final maturity in April 2016 in addition to $2.9 million under the RBS credit facility. Subsequent to these prepayments, the refinancing of the Samco Scandinavia and amended margin for the financing of DHT Hawk and DHT Falcon, the Company has $508.4 million in mortgage bank debt outstanding with an average margin above Libor of 2.3%.
- A total of $290.4 million in bank financing, equal to about 50% of the contract prices, has been secured for the six newbuildings with an average margin above Libor of 2.4%. The six newbuildings are hence fully funded with formerly raised equity and the committed debt financing, the latter which will be drawn at delivery of the newbuildings.
- During the second quarter the Company extended the time charter for Samco Amazon for one year at a rate of about $46,000 per day.
- DHT has a fleet of 20 VLCCs (counting six VLCCs under construction at HHI), two Suezmaxes and two Aframaxes in addition to a 50% ownership in Goodwood Ship Administration. Of the 18 vessels presently in operation, ten are on fixed rate time charters and eight have spot market exposure.
DHT Holdings, Inc. operates crude oil tankers in Bermuda. As of March 10, 2015, its fleet compriseed of 18 crude oil tankers, counting 14 very large crude carriers, 2 Suezmax tankers, and 2 Aframax tankers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.
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