TrueCar (NASDAQ:TRUE) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

TrueCar (NASDAQ:TRUE - Get Free Report) issued its quarterly earnings data on Monday. The technology company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.03), Zacks reports. TrueCar had a negative return on equity of 17.54% and a negative net margin of 17.68%. The company had revenue of $44.81 million during the quarter, compared to analysts' expectations of $44.26 million.

TrueCar Price Performance

Shares of NASDAQ TRUE traded up $0.02 during mid-day trading on Friday, reaching $1.47. The company's stock had a trading volume of 74,901 shares, compared to its average volume of 284,240. TrueCar has a 52 week low of $1.05 and a 52 week high of $4.62. The stock has a fifty day moving average of $1.62 and a two-hundred day moving average of $2.97. The firm has a market capitalization of $128.21 million, a PE ratio of -4.31 and a beta of 2.13.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TRUE. B. Riley reiterated a "neutral" rating on shares of TrueCar in a report on Wednesday. StockNews.com cut shares of TrueCar from a "buy" rating to a "hold" rating in a report on Thursday. Citigroup lowered TrueCar to an "underweight" rating in a report on Thursday, March 27th. Needham & Company LLC decreased their target price on TrueCar from $4.00 to $2.75 and set a "buy" rating for the company in a research report on Tuesday. Finally, Lake Street Capital cut shares of TrueCar from a "buy" rating to a "hold" rating and decreased their price objective for the company from $5.00 to $1.50 in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $3.19.

TrueCar Company Profile

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.