Should I buy or sell TrueCar stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TrueCar in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TRUE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRUE, but not buy additional shares or sell existing shares. View TRUE analyst ratings or view top-rated stocks .

What is TrueCar's stock price target for 2024?

3 Wall Street analysts have issued 12 month price objectives for TrueCar's stock. Their TRUE share price targets range from $3.00 to $4.50. On average, they anticipate the company's share price to reach $3.75 in the next year. This suggests a possible upside of 28.9% from the stock's current price. View analysts price targets for TRUE or view top-rated stocks among Wall Street analysts .

How have TRUE shares performed in 2024?

TrueCar's stock was trading at $3.46 on January 1st, 2024. Since then, TRUE stock has decreased by 15.9% and is now trading at $2.91. View the best growth stocks for 2024 here .

When is TrueCar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024. View our TRUE earnings forecast .

How can I listen to TrueCar's earnings call?

TrueCar will be holding an earnings conference call on Tuesday, April 30th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were TrueCar's earnings last quarter?

TrueCar, Inc. (NASDAQ:TRUE) posted its quarterly earnings data on Tuesday, February, 20th. The technology company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.05. The technology company earned $41.29 million during the quarter, compared to the consensus estimate of $41.50 million. TrueCar had a negative net margin of 31.36% and a negative trailing twelve-month return on equity of 24.27%.

What guidance has TrueCar issued on next quarter's earnings?

TrueCar updated its first quarter 2024 earnings guidance on Tuesday, February, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $40.7 million-$40.7 million, compared to the consensus revenue estimate of $43.7 million.

What is Michael Darrow's approval rating as TrueCar's CEO?

31 employees have rated TrueCar Chief Executive Officer Michael Darrow on Glassdoor.com . Michael Darrow has an approval rating of 45% among the company's employees. This puts Michael Darrow in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of TrueCar own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TrueCar investors own include Twitter (TWTR) , NVIDIA (NVDA) , Tesla (TSLA) , Advanced Micro Devices (AMD) , Intel (INTC) , Boeing (BA) , Gilead Sciences (GILD) , General Motors (GM) , Inovio Pharmaceuticals (INO) and Southwest Airlines (LUV) .

How do I buy shares of TrueCar?

Shares of TRUE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:TRUE

TrueCar (TRUE) Stock Price, News & Analysis

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$2.91

+0.08 (+2.83%)

(As of 04/19/2024 ET)

Compare

Today's Range: $2.80
▼
$2.92
50-Day Range: $2.81
▼
$3.99
52-Week Range: $1.76
▼
$4.05

Volume: 195,401 shs
Average Volume: 212,699 shs
Market Capitalization: $266.48 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.75

Get TrueCar alerts:

TrueCar MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 28.9% Upside
$3.75 Price Target
Short Interest: Healthy
0.98% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.39
Based on 8 Articles This Week
Insider Trading: Selling Shares
$100,500 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.19) to ($0.12) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.59 out of 5 stars

Computer And Technology Sector

349th out of 585 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

35th out of 57 stocks

3.2

Analyst's Opinion

Consensus Rating
TrueCar has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
TrueCar has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.98% of the float of TrueCar has been sold short.
Short Interest Ratio / Days to Cover
TrueCar has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in TrueCar has recently decreased by 15.75%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
TrueCar does not currently pay a dividend.
Dividend Growth
TrueCar does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TRUE.

1.5

News and Social Media Coverage

News Sentiment
TrueCar has a news sentiment score of -0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for TrueCar this week, compared to 4 articles on an average week.
Search Interest
4 people have searched for TRUE on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added TrueCar to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TrueCar insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $100,500.00 in company stock.
Percentage Held by Insiders
Only 4.90% of the stock of TrueCar is held by insiders.
Percentage Held by Institutions
79.44% of the stock of TrueCar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for TrueCar are expected to grow in the coming year, from ($0.19) to ($0.12) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TrueCar is -5.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of TrueCar is -5.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
TrueCar has a P/B Ratio of 1.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About TrueCar Stock (NASDAQ:TRUE)

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. The company also offers forecast and consulting services regarding determination of the residual value of an automobile at given future points in time, which are used to underwrite automotive loans and leases, and by financial institutions to measure exposure and risk across loan, lease, and fleet portfolios. In addition, it provides TrueCar Trade, which gives consumers information on the value of their trade-in vehicles and enables them to obtain a guaranteed trade-in price before setting foot in the dealership; and DealerScience that provides dealers with advanced digital retailing software tools. The company was formerly known as Zag.com Inc. The company was incorporated in 2005 and is headquartered in Santa Monica, California.

TRUE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TRUE Stock News Headlines

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Company Calendar

Last Earnings: 2/20/2024
Today: 4/19/2024
Next Earnings (Confirmed): 4/29/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Current Symbol: NASDAQ:TRUE
CUSIP: N/A
CIK: 1327318
Web: www.truecar.com
Phone: (800) 200-2000
Fax: N/A
Employees: 324
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $3.75
High Stock Price Target: $4.50
Low Stock Price Target: $3.00
Potential Upside/Downside: +28.9%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.56)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-49,770,000.00
Net Margins: -31.36%
Pretax Margin: -31.35%
Return on Equity: -24.27%
Return on Assets: -18.74%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 5.63
Quick Ratio: 5.63

Sales & Book Value

Annual Sales: $158.71 million
Price / Sales: 1.68
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.76 per share
Price / Book: 1.65

Miscellaneous

Outstanding Shares: 91,574,000
Free Float: 87,087,000
Market Cap: $266.48 million
Optionable: Optionable
Beta: 1.65

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Key Executives

Mr. Jantoon E. Reigersman (Age 42)
President & CEO
Comp: $619.66k
Mr. Jeffrey J. Swart (Age 56)
Executive VP, Secretary & General Counsel
Comp: $561.25k
Mr. Oliver Foley (Age 39)
Chief Financial Officer
Ms. Jill Angel
Chief People Officer & Operations
Ms. Zaineb Bokhari
Vice President of Investor Relations
Ms. Lisa Hess
Head of Sales
Mr. David Green
Senior Vice President of Major Accounts
Mr. Jay Ku
Chief Revenue Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TRUE Stock Analysis - Frequently Asked Questions

Should I buy or sell TrueCar stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TrueCar in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TRUE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRUE, but not buy additional shares or sell existing shares.
View TRUE analyst ratings or view top-rated stocks.
What is TrueCar's stock price target for 2024?: 3 Wall Street analysts have issued 12 month price objectives for TrueCar's stock. Their TRUE share price targets range from $3.00 to $4.50. On average, they anticipate the company's share price to reach $3.75 in the next year. This suggests a possible upside of 28.9% from the stock's current price.
View analysts price targets for TRUE or view top-rated stocks among Wall Street analysts.
How have TRUE shares performed in 2024?: TrueCar's stock was trading at $3.46 on January 1st, 2024. Since then, TRUE stock has decreased by 15.9% and is now trading at $2.91.
View the best growth stocks for 2024 here.
When is TrueCar's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
View our TRUE earnings forecast.
How can I listen to TrueCar's earnings call?: TrueCar will be holding an earnings conference call on Tuesday, April 30th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were TrueCar's earnings last quarter?: TrueCar, Inc. (NASDAQ:TRUE) posted its quarterly earnings data on Tuesday, February, 20th. The technology company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.05. The technology company earned $41.29 million during the quarter, compared to the consensus estimate of $41.50 million. TrueCar had a negative net margin of 31.36% and a negative trailing twelve-month return on equity of 24.27%.

What guidance has TrueCar issued on next quarter's earnings?: TrueCar updated its first quarter 2024 earnings guidance on Tuesday, February, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $40.7 million-$40.7 million, compared to the consensus revenue estimate of $43.7 million.
What is Michael Darrow's approval rating as TrueCar's CEO?: 31 employees have rated TrueCar Chief Executive Officer Michael Darrow on Glassdoor.com. Michael Darrow has an approval rating of 45% among the company's employees. This puts Michael Darrow in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of TrueCar own?: Based on aggregate information from My MarketBeat watchlists, some companies that other TrueCar investors own include Twitter (TWTR), NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Intel (INTC), Boeing (BA), Gilead Sciences (GILD), General Motors (GM), Inovio Pharmaceuticals (INO) and Southwest Airlines (LUV).
How do I buy shares of TrueCar?: Shares of TRUE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:TRUE) was last updated on 4/20/2024 by MarketBeat.com Staff

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TrueCar (TRUE) Stock Price, News & Analysis

TrueCar MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About TrueCar Stock (NASDAQ:TRUE)

TRUE Stock Price History

TRUE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

TRUE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™