TrueCar (TRUE) to Release Earnings on Monday

TrueCar (NASDAQ:TRUE) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Monday, May 5th. Analysts expect TrueCar to post earnings of ($0.09) per share and revenue of $44.26 million for the quarter.

TrueCar (NASDAQ:TRUE) last issued its earnings results on Tuesday, February 18th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The firm had revenue of $46.21 million during the quarter, compared to analysts’ expectations of $47.30 million. TrueCar had a negative return on equity of 17.54% and a negative net margin of 17.68%. 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 3.3 %

Shares of TrueCar stock opened at $1.56 on Friday. The company’s fifty day simple moving average is $1.69 and its two-hundred day simple moving average is $3.04. TrueCar has a 12-month low of $1.25 and a 12-month high of $4.62. The firm has a market cap of $136.52 million, a PE ratio of -4.59 and a beta of 1.97.

Analysts Set New Price Targets

TRUE has been the subject of several research analyst reports. Citigroup cut TrueCar to an “underweight” rating in a report on Thursday, March 27th. Needham & Company LLC reduced their price objective on shares of TrueCar from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. StockNews.com cut shares of TrueCar from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. cut shares of TrueCar from a “neutral” rating to an “underweight” rating in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.63.

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.