TrueCar (TRUE) Projected to Post Earnings on Wednesday

TrueCar (NASDAQ:TRUE) is projected to release its Q2 2025 earnings data after the market closes on Wednesday, August 6th. Analysts expect TrueCar to post earnings of ($0.06) per share and revenue of $44.80 million for the quarter.

TrueCar Stock Performance

NASDAQ:TRUE opened at $1.75 on Monday. The stock has a 50-day simple moving average of $1.75 and a two-hundred day simple moving average of $2.01. TrueCar has a 52-week low of $1.05 and a 52-week high of $4.62. The firm has a market capitalization of $153.44 million, a PE ratio of -4.37 and a beta of 2.03.

Hedge Funds Weigh In On TrueCar

A number of hedge funds have recently made changes to their positions in TRUE. Jane Street Group LLC bought a new position in TrueCar during the first quarter valued at approximately $234,000. AQR Capital Management LLC boosted its stake in TrueCar by 332.9% during the first quarter. AQR Capital Management LLC now owns 59,791 shares of the technology company’s stock valued at $94,000 after buying an additional 45,980 shares during the last quarter. Strs Ohio bought a new position in TrueCar during the first quarter valued at approximately $38,000. Finally, Goldman Sachs Group Inc. boosted its stake in TrueCar by 4.5% during the first quarter. Goldman Sachs Group Inc. now owns 387,829 shares of the technology company’s stock valued at $613,000 after buying an additional 16,822 shares during the last quarter. Institutional investors own 79.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TRUE. B. Riley reissued a “neutral” rating on shares of TrueCar in a report on Wednesday, May 7th. Wall Street Zen lowered TrueCar from a “buy” rating to a “hold” rating in a report on Thursday, May 8th. Needham & Company LLC cut their price target on TrueCar from $4.00 to $2.75 and set a “buy” rating for the company in a report on Tuesday, May 6th. Finally, Lake Street Capital lowered TrueCar from a “buy” rating to a “hold” rating and cut their price target for the company from $5.00 to $1.50 in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, TrueCar currently has a consensus rating of “Hold” and an average target price of $3.19.

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.