Car listings firm TrueCar is contemplating acquisitions that would increase its digital choices, executives stated Tuesday.

TrueCar CEO Mike Darrow stated in the course of the Santa Monica, Calif.-based firm’s first-quarter earnings name that “M&A has all the time been a part of the consideration set” in relation to its capital allocation technique. He didn’t disclose particular particulars about acquisition talks or the forms of expertise that TrueCar might look so as to add however stated firm leaders are “out out there actively trying” at potential offers.

“For us,” Darrow stated, “it is about sensible, tuck-in alternatives with modern expertise and proficient know-how and capabilities that speed up the product street map for TrueCar+ as we glance to deliver world-class, digital e-commerce capabilities to our sellers and customers and produce increasingly more of the car-buying and -selling expertise on-line.”

TrueCar+ is the corporate’s new digital retailing device that was launched in March with dealerships in Florida. It’s anticipated to achieve extra U.S. markets this yr. The device permits customers to decide on a car, arrange financing, add safety merchandise, organize supply and full a transaction all primarily inside TrueCar’s platform.

Darrow and CFO Jantoon Reigersman instructed analysts on Tuesday’s name that executives consider the corporate’s money place — TrueCar reported having roughly $234.8 million in money and equivalents and no debt on its stability sheet as of March 31 — gives flexibility as the corporate think about acquisition alternatives. Executives are also working to handle bills and take a prudent strategy amid broader macroeconomic components constraining the market, they stated.

TrueCar on Tuesday reported a wider web loss and decrease income within the first quarter in contrast with a yr earlier, as the corporate says its shut charges and monetary outcomes have been affected by an ongoing scarcity of car stock and better pricing on out there fashions.