TrueCar, Inc.

TrueCar, Inc. operates as a single business segment. The company's financial statements include business acquisitions from their acquisition date, recording all assets and liabilities of acquired businesses at their estimated fair values. Divestitures are included up to their disposition date. The company's management makes estimates and assumptions for its consolidated financial statements, impacting reported asset and liability amounts, contingent assets and liabilities, revenues, and expenses. These estimates cover areas such as sales allowances, allowances for doubtful accounts, contract assets, fair value of assets and liabilities from business combinations, recoverability and impairment of goodwill and long-lived assets, deferred tax asset valuation allowances, useful lives of property, equipment, and intangible assets, right-of-use assets and operating lease liabilities, contingencies, and valuation of stock-based compensation and other equity instruments. The company continuously evaluates these estimates against historical experience and trends. Valuation specialists assist management in determining fair values for its single reporting unit's goodwill impairment, right-of-use assets and lease liabilities, assets and liabilities from business combinations, assets and liabilities of its equity method investment, and performance-based stock units. From January 1, 2024, through December 31, 2024, the President and Chief Executive Officer served as the chief operating decision maker.