TrueCar (TRUE) Set to Announce Quarterly Earnings on Monday

TrueCar (NASDAQ:TRUE) is scheduled to be announcing its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. TrueCar has set its Q1 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

TrueCar (NASDAQ:TRUE) last released its earnings results on Tuesday, February 20th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.05. The firm had revenue of $41.29 million during the quarter, compared to analysts’ expectations of $41.50 million. TrueCar had a negative net margin of 31.36% and a negative return on equity of 24.27%. On average, analysts expect TrueCar to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TrueCar Stock Up 2.8 %

Shares of TRUE opened at $2.91 on Monday. The firm has a market cap of $266.47 million, a PE ratio of -5.20 and a beta of 1.65. The company’s fifty day moving average is $3.39 and its two-hundred day moving average is $3.04. TrueCar has a fifty-two week low of $1.76 and a fifty-two week high of $4.05.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $4.50 price target on shares of TrueCar in a report on Wednesday, February 21st.

Insider Buying and Selling at TrueCar

In other TrueCar news, EVP Jeff Swart sold 15,000 shares of TrueCar stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $3.25, for a total value of $48,750.00. Following the transaction, the executive vice president now owns 355,044 shares in the company, valued at approximately $1,153,893. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On TrueCar

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Nuveen Asset Management LLC lifted its holdings in shares of TrueCar by 1.1% during the 4th quarter. Nuveen Asset Management LLC now owns 266,911 shares of the technology company’s stock valued at $924,000 after acquiring an additional 2,904 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of TrueCar by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 316,968 shares of the technology company’s stock valued at $716,000 after acquiring an additional 4,485 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of TrueCar by 5.1% during the 4th quarter. Alliancebernstein L.P. now owns 99,300 shares of the technology company’s stock valued at $249,000 after acquiring an additional 4,800 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of TrueCar by 23.3% during the 4th quarter. Royal Bank of Canada now owns 26,131 shares of the technology company’s stock valued at $90,000 after acquiring an additional 4,930 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of TrueCar by 4.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 135,557 shares of the technology company’s stock valued at $351,000 after acquiring an additional 5,238 shares in the last quarter. Institutional investors and hedge funds own 79.44% of the company’s stock.

About TrueCar

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.