TrueCar (NASDAQ:TRUE - Get Free Report) posted its earnings results on Monday. The technology company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.03), Zacks reports. The firm had revenue of $44.81 million during the quarter, compared to analysts' expectations of $44.26 million. TrueCar had a negative return on equity of 17.54% and a negative net margin of 17.68%.
TrueCar Stock Performance
NASDAQ TRUE traded down $0.06 during trading on Friday, hitting $1.39. The stock had a trading volume of 229,339 shares, compared to its average volume of 286,063. TrueCar has a one year low of $1.05 and a one year high of $4.62. The stock has a 50 day simple moving average of $1.61 and a 200 day simple moving average of $2.95. The stock has a market capitalization of $121.65 million, a price-to-earnings ratio of -4.09 and a beta of 2.13.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. Needham & Company LLC decreased their price objective on TrueCar from $4.00 to $2.75 and set a "buy" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. lowered shares of TrueCar from a "neutral" rating to an "underweight" rating in a research report on Thursday, March 27th. StockNews.com downgraded shares of TrueCar from a "buy" rating to a "hold" rating in a report on Thursday. Lake Street Capital downgraded shares of TrueCar from a "buy" rating to a "hold" rating and lowered their price target for the company from $5.00 to $1.50 in a report on Tuesday. Finally, Citigroup cut TrueCar to an "underweight" rating in a research note on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $3.19.
Read Our Latest Research Report on TrueCar
About TrueCar
(
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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.
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