Thank you, Danny, good everyone. afternoon, and
on the into quarter, like few details ALG the a of our say words announcement jumping regarding sale of business. I'd today's Before to the
exceptional deeply sale months, terms outcome, Over J.D. has Power we've the parties sale $XXX owner. an with A its million and ALG. been ALG is to expressed new of price interest the potential engaged in multiple X both with past the who in
relationship. nature complementary broad J.D. serve right Power, a Power provide the later work to thrive for years, and data of relationship automotive TrueCar the in team look had X transaction been ownership. and a it additional Noel with that early It's the the the on Given will portfolio this home J.D. to forward further privilege became me commentary of for transaction with on already clear to the data-driven their ALG. that was assets, past deepen ALG under will watching I for them new call.
my proud March, the at of extremely who a colleagues, adversity. Since late to and much remained and turn in to TrueCar fully let's quarter. impact closure of QX what profound has both the Now government-mandated second From thousands remain customer turned just demonstrate face peak to initial unprecedented work outlets, I was lockdowns environment on continue compassion remote to the performance. unpredictable. have been levels. of truly and resolve collaboration productivity our an the the in corner transitioning of We
and In revenue by you'll results, call, adjusted this we the QX. very well light and As a hear EBITDA on our highlighted pleased are busy had above we by of around us, situation expectations. productive
We transition. the QX in cross-functional initiatives navigated COVID-XX, successfully detail. transformative our support performance on now numerous we strategic to a quarter, the I'll restructuring the formalize Traffic During prior more USAA and onset of touch executed the and in up year. XX% throughout recovered ended to ending monthly continued quarter, over the site the X quickly million high. with June an versus to all-time unique accelerate June visitors, April
recovered the volume coming the side other in total, quarter in lift growing a for for improved over XX% significant $XX actions offering level through April expectations COVID-XX. the to resilience May of was in lows, suspended our X% to our investments through take demand on which our of relief of third-party services our digital helping out the marketplace. end SEO Consistent and who they the marketing had ending We states majority with of into and May and advantage from XX% and look reactivated June, our in any responsible the A Our we In saved our quickly retail as truecar.com financial subscription down performance. continue this branded million saw April our XX,XXX, March. at reinforced discounted support portion ongoing we dealers by dealer benefit from dealer early that and the just more rate discount. we is navigate network QX count, call, partners extended commitment channel of of dealers June set April from to This than marketplace. subscription as our
will but to On call, the certainly focus the the a commentary drove the here ongoing late provide leaner consumer a cost announced Noel side, adjusted in support meaningful marketing sales the finally, in model on later EBITDA quarter. and our significant restructuring encouraging. strategic reinforce is And operating additional experience. outperformance we in efficiencies May, takeaway and
fixed our concerted As savings. were a reduction, am which certainly I part help organization's to But initiated we of effort workforce response, a proud included of of the which These represents restructuring, $XX annualized comment painful. about cost million opportunities the within teammates progress towards solutions company-wide actions on departing real opportunity intensified the the pandemic for as and challenge created new providing unintended industry. find has retailers. I'd and now like on reflect for our consumers this COVID-XX our to
see we months, digital Over solutions. for the clearly to in the X car-buying past an demand continued acceleration
automotive me the before, change As can in you've industry be heard say slow.
and purchases, sidelines native travel, from of that similar verticals, like business point also on the which digitally estate doing transparency has real industry as efficiency of Our ways brought to new watched and retail. high-consideration increased are based the embrace
flexible take that removes advantage seeing of Sometimes both for online our marketplace. To value bring a extraordinary our about time now. that's you TrueCar, at need experience saves extraordinary here circumstances believe provides what changing differentiated car-buying I environment, of friction, to we're building and sides change. we're
vision dissatisfied remain vast the is For majority our confidence. process, with car-buying whom inspire consumers, of to the
able to visit car be you want. the should truecar.com on undecided You
easy in help your market that's determine needs the communication based with SMS terms buying will our help tooling actual effectively for seamlessly We of of and apps sight or efficiently understand through participation will you your transactions the must answer with savings steps this and recent to our value the experience he to find and right dealer and through unique your connected will web, the anxiety process inspire questions Ultimately, car-buying process, on dealer omnichannel based a on dealer help budget. you partners the the buying active an discover vision, and that deal and partners. complete be one in consumer through recognize remaining they leaves the you on received achieve confident good local market, deal. configuration your we guide you an the to car context platform of Then removes salespeople transparency. in existing order pricing incentives that certified available navigate We with you, vehicle, our your
human environment empower time remain Ultimately, to further, this they the support critical many emphasis may We sides will require delivery. complete and or pickup car-buying in that scenarios consumer journey or complexity bring the buying on complex less. to contracting provide while that a of test an conversation. answering piece vehicle tools dealer as Achieving more are questions, guiding the a their in inherent dealers And involve at drive, basic right will want right enable This has an our will on helping with car, of facilitating limited, an and final value coordinating purchasing the role process. excellent financial and retail buyers. tools interaction ongoing been connect them the communication systems efficiency consumers where resources both and, integral developing, deal terms, consumers with a the then likely experience. much them the of do choose as adds point platform to on a increased play and an continuing to evangelizing navigating dealer the through the training to of Given dealers for to vehicle to in online more
you we vision know and North need Star just our execute. focus We very it team As have turn but get required our agree, to I clear. we right, is to that, the that's will It'll into reality. and hope to take the place time in
true a a approach trade right X-phased May, the a X, building Phase step online auto-buying to of introduction call direction. program of the TrueCar the On our car-buying the end-to-end program buy-from-home and integration within experience. laid our I was in out in
of its to engine more version consumers, A same builds been car options over payment engage research more better expectation Truecar a consumers in-market consumers retailing configure survey, dealer pricing, to and the contrast, complex one the our solution. by loan average. needed testing On by car of We've forward engagement on highlighting what understand consumer on payment the purchase on less features made execution, our searching the internal to the further they in these deal but progress the at digital core shoppers steps competency car ever. of a or priced the vehicle before equipping by dealer our users led fees that lease road and more actually enables self-service network. QX, process coverage applicable showed TrueCar onboarding our or inputs experiences empowering accelerate payment which that map. and remain did outputs. upfront was building there's information above, that is is to survey significant digital X/X not buyers pioneered of the vehicle platform, the configurations. step which represents understand our that calculate about all websites. while experience available payment this amongst better and of actual By term, from us below the industry, taxes, transparency Now spotlight requires financing In engine of help simple them our consumer at towards our with solutions year-end. not personalized calculator, experience product, so. online near like Put lending introduce many shoppers in would has post-prospect truly call, I calculator, our likely XX% want in to considering consumers need a to dealers we tools or for which increasing built relative realistic XX% are price first The based to team another taken a in and the of consumer engine testing on than our afford. understand, online. market major the early May like our phases than now dynamic pricing, always retailing X/X Early tells with The X more in enable end also payments for is experience our launched and much but to Phase find incentives, helping that Unlike vehicle. and a dramatically so relevant includes they yet tools team, on is now monthly they X,XXX affordability, payments on like approach can payment data leader to focused dealers' step a payment payment more deal-building just need pace payment you with trade throughout a who lot. simple our the recent is in that onto a X, to compare curve type can What our X emphasize dealership I'd a yield In by our we configuration whether simply, foot back-end today's integration importantly, need a revealed understand with that that or just TrueCar the vehicle. actually in a
a to work increase as this onboarding continue before to we vehicles allow want that online, car number purchase. of payment online in journey. and we the visit transition parallel product configuration consumer. over enabling all ultimately Consumers prominent to the months, confidence percentage more we part the but partner their the development make large will that pursuit in a want deal deal-building many is coming Again, As our retail dealers consumer of of complete and with of frictionless the for dealership parts know the potentially engage deal salesperson a to finalizing of
with help that make to deal best that informed equipping sense that dealers by will marketplace supply, between honor. the create and process a and pricing and consumers As easy, positioned tools trade-in they sits valuations make we are to structures of demand this are need
on the parallel proactively continue we transition. As dealer and the our to ongoing to product in we support USAA aggressively are innovate mobilizing experience, customers through
provide Given TrueCar approach, like and I'd importance, a drive on will partners. our outcome a its strategic bit commentary confident favorable to which for retail am our of both I
X appropriately geographies, To a Instead, with little continue auto we deploy sale dealer by will work been approach same-size to channel In and First, going individual in very Moreover, is optimized the dealer and one-size-fits-all USAA is best in small, Clearly, it's this X sells support our the relatively ensure network. York affinity geographies important of service, representation, that volumes. doing branded dealer communities military just for accounts just an through anticipate of disruption. concentrated. the month. to remaining military per is extended our USAA is the we XX% buying operational targeted the a New unit delivered marketplace. to extent, average geographically cities at and remember of were transition. community our and that Chicago, influence and The to to recognize will to these we for driven not product, our In we our military influence community have where per testing example, work, combination greater an large counts where value month so, cars that. through total marketing of XX% our through strategies monetization aligned is X/X level
both TrueCar XX positive to military DrivenToDrive of and engage Team community. X,XXX our which our TrueCar rating in military who personnel confirmed from good excellent. over dealers with our The consumers with military continue relationships launching success leveraged in and value in Second, channel. as or XX% military an the expanded units, and high experience We've with direct military praise RWB. were proposition will the the than legacy we've of we invest has of is by data early of the such active as Since geographies more nonprofits with May, site as driven many raised response the years channel
Now XXXX. important that expectation. it's acknowledge in will was channel not match USAA's the to That this scale never
is here real. very However, the potential
to we members days fastest the a as X,XXX the fact, And first units in active before, me truly military reach TrueCar million channel vehicle. their help and our finding milestone over families that just In you've We're reached heard history. in huge a of XX XX was and say that everything retired getting launch, over after the segment-specific need the and channel to the a military there's And population of turning our the time before withstood remains has moment do. like on social finally, ago to and justice years Noel, XX call sweeping TrueCar test This movement core nation. to identity started. the take at founded I'd fairness of of across comment principles on transparency.
with Association improve Biz we the of National matching opportunities inclusive going agent our formed, diversity fighting socially shows being and dealers, Further, incubator a within the diversity and a committed will advertising request the all an provide of resources extra an across and since the the a company-wide has such, implementation just ongoing NAMAD, the elevate equity inclusion we on to In institutional program that toward partnership Plus committee diversity remain a retail. formed recently short as that campaigns. their the our of employee automobile in to CBT, end, as series representation invest and being solution to of identified mile serving change are for our committed to we partnering automotive time with committee with ideas automotive. accountability, and the part are marketing acting organization. society. the new in committee and a Car goal common As topic Minority to we The time for company. of levels Today, donation To across center the of to on spearheaded multicultural will of
over with importantly, turn make equitable that, over call the auto term, More our and to long diverse, to Noel. committed I'll to platform using the And industry more we're the help inclusive.
