TrueCar (TRUE) Expected to Announce Earnings on Monday

Key Points

• TrueCar is set to announce its Q2 2025 earnings results on August 4th, expecting a loss of ($0.06) per share and revenue of $44.80 million.
• TrueCar's stock price opened at $1.96 and has fluctuated between a fifty-two week low of $1.05 and a high of $4.62.
• Analyst opinions show a trend of diminished ratings, with adjustments to price targets and several downgrades, indicating mixed sentiment on the company's stock.

TrueCar (NASDAQ:TRUE - Get Free Report) is expected to be releasing its Q2 2025 earnings data before the market opens on Monday, August 4th. Analysts expect TrueCar to post earnings of ($0.06) per share and revenue of $44.80 million for the quarter.

TrueCar Stock Down 4.9%

Shares of NASDAQ:TRUE traded down $0.10 during midday trading on Thursday, hitting $1.84. The stock had a trading volume of 101,639 shares, compared to its average volume of 322,007. TrueCar has a 12 month low of $1.05 and a 12 month high of $4.62. The business's 50-day simple moving average is $1.74 and its 200-day simple moving average is $2.05. The company has a market cap of $160.89 million, a P/E ratio of -4.59 and a beta of 2.15.

Hedge Funds Weigh In On TrueCar

A number of large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings in shares of TrueCar by 4.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 387,829 shares of the technology company's stock worth $613,000 after purchasing an additional 16,822 shares in the last quarter. Jane Street Group LLC bought a new position in shares of TrueCar in the 1st quarter worth $234,000. AQR Capital Management LLC lifted its holdings in shares of TrueCar by 332.9% in the 1st quarter. AQR Capital Management LLC now owns 59,791 shares of the technology company's stock worth $94,000 after purchasing an additional 45,980 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of TrueCar in the 1st quarter worth $38,000. 79.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TRUE has been the subject of a number of research analyst reports. Needham & Company LLC reduced their price objective on shares of TrueCar from $4.00 to $2.75 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Lake Street Capital cut shares of TrueCar from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $5.00 to $1.50 in a research report on Tuesday, May 6th. B. Riley reissued a "neutral" rating on shares of TrueCar in a report on Wednesday, May 7th. Finally, Wall Street Zen downgraded TrueCar from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, TrueCar presently has an average rating of "Hold" and an average price target 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.