TrueCar (TRUE) to Release Quarterly Earnings on Tuesday

TrueCar (NASDAQ:TRUEGet Rating) is scheduled to post its quarterly earnings results after the market closes on Tuesday, August 2nd. Analysts expect TrueCar to post earnings of ($0.10) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

TrueCar (NASDAQ:TRUEGet Rating) last posted its earnings results on Monday, May 9th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.03. TrueCar had a negative return on equity of 12.45% and a negative net margin of 20.14%. The company had revenue of $43.53 million during the quarter, compared to analyst estimates of $42.46 million. On average, analysts expect TrueCar to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

TrueCar Stock Performance

Shares of TRUE opened at $2.57 on Friday. The stock has a 50 day simple moving average of $2.84 and a 200 day simple moving average of $3.30. TrueCar has a 52-week low of $2.50 and a 52-week high of $5.50. The firm has a market capitalization of $240.52 million, a PE ratio of -5.98 and a beta of 1.09.

Insider Activity at TrueCar

In related news, Director John W. Mendel sold 12,578 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $2.77, for a total value of $34,841.06. Following the completion of the transaction, the director now directly owns 148,528 shares in the company, valued at approximately $411,422.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by insiders.

Hedge Funds Weigh In On TrueCar

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in TrueCar by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 4,447,086 shares of the technology company’s stock valued at $17,565,000 after acquiring an additional 120,925 shares in the last quarter. Cannell Capital LLC bought a new stake in TrueCar in the 1st quarter valued at approximately $16,067,000. Dimensional Fund Advisors LP lifted its stake in TrueCar by 16.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,859,387 shares of the technology company’s stock valued at $11,293,000 after acquiring an additional 403,592 shares in the last quarter. Invesco Ltd. lifted its stake in TrueCar by 89.5% in the 1st quarter. Invesco Ltd. now owns 271,402 shares of the technology company’s stock valued at $1,072,000 after acquiring an additional 128,149 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in TrueCar by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 254,478 shares of the technology company’s stock valued at $1,006,000 after acquiring an additional 9,534 shares in the last quarter.

About TrueCar

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TrueCar, Inc operates as an internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar website and mobile applications. Its platform enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar certified dealers.

See Also

Earnings History for TrueCar (NASDAQ:TRUE)

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