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NVDA   378.34 (-5.68%)
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BABA   79.58 (+1.16%)
AMD   118.21 (-5.64%)
T   15.73 (+0.58%)
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NASDAQ:TRUE

TrueCar (TRUE) Stock Forecast, Price & News

$2.26
+0.04 (+1.80%)
(As of 05/31/2023 ET)
Compare
Today's Range
$2.15
$2.27
50-Day Range
$2.15
$2.70
52-Week Range
$1.30
$3.49
Volume
217,382 shs
Average Volume
311,302 shs
Market Capitalization
$201.59 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.69

TrueCar MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
18.9% Upside
$2.69 Price Target
Short Interest
Healthy
2.16% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.55mentions of TrueCar in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.76) to ($0.53) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.65 out of 5 stars

Computer And Technology Sector

494th out of 621 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

45th out of 61 stocks


TRUE stock logo

About TrueCar (NASDAQ:TRUE) Stock

TrueCar, Inc. engages in the operation of data-driven online platform which provides dealers and automakers with automobile information. It provides pricing transparency about what other people paid for their cars. The firm's products include Used Cars for Sale, Sell My Car, Local Pricing, and Lease a Car. The company was founded by Thomas Taira, James Nguyen, Scott Painter and Bernard Brenner in February 2005 and is headquartered in Santa Monica, CA.

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TRUE Stock News Headlines

Are Large American Cars Dead?
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
8-K: TrueCar, Inc.
TrueCar: Q1 Earnings Snapshot
Q1 2023 TrueCar Inc Earnings Call
TrueCar (TRUE) Set to Announce Earnings on Monday
Used Vehicle Market Size By 2030
Investors Holding Back On TrueCar, Inc. (NASDAQ:TRUE)
Worst Deals on New Cars Right Now
Used Car Trading Service Market Forecasts 2023-2029
See More Headlines
Receive TRUE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for TrueCar and its competitors with MarketBeat's FREE daily newsletter.

TRUE Company Calendar

Last Earnings
5/06/2021
Today
5/31/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:TRUE
Fax
N/A
Employees
428
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$2.69
High Stock Price Forecast
$3.50
Low Stock Price Forecast
$1.50
Forecasted Upside/Downside
+20.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-118,680,000.00
Pretax Margin
-82.89%

Debt

Sales & Book Value

Annual Sales
$161.52 million
Cash Flow
$0.25 per share
Book Value
$2.04 per share

Miscellaneous

Free Float
85,897,000
Market Cap
$199.81 million
Optionable
Optionable
Beta
1.41

Key Executives

  • Michael D DarrowMichael D Darrow
    President, Chief Executive Officer & Director
  • Jantoon E Reigersman
    Chief Operating Officer & Executive Vice President
  • Teresa Luong
    Chief Financial & Accounting Officer
  • Elias Rokos
    Chief Technology Officer
  • Jeffrey J. Swart
    Secretary, Executive VP & General Counsel













TRUE Stock - Frequently Asked Questions

Should I buy or sell TrueCar stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TrueCar in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TRUE shares.
View TRUE analyst ratings
or view top-rated stocks.

What is TrueCar's stock price forecast for 2023?

3 analysts have issued twelve-month price targets for TrueCar's shares. Their TRUE share price forecasts range from $1.50 to $3.50. On average, they anticipate the company's share price to reach $2.69 in the next twelve months. This suggests a possible upside of 20.0% from the stock's current price.
View analysts price targets for TRUE
or view top-rated stocks among Wall Street analysts.

How have TRUE shares performed in 2023?

TrueCar's stock was trading at $2.51 at the start of the year. Since then, TRUE shares have decreased by 10.8% and is now trading at $2.24.
View the best growth stocks for 2023 here
.

When is TrueCar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our TRUE earnings forecast
.

How were TrueCar's earnings last quarter?

TrueCar, Inc. (NASDAQ:TRUE) issued its quarterly earnings results on Thursday, May, 6th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.04. The technology company had revenue of $65.10 million for the quarter, compared to analyst estimates of $61.57 million. TrueCar had a negative trailing twelve-month return on equity of 29.25% and a negative net margin of 81.20%. The company's revenue for the quarter was down 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.04 earnings per share.

What ETFs hold TrueCar's stock?

ETFs with the largest weight of TrueCar (NASDAQ:TRUE) stock in their portfolio include Invesco Nasdaq Future Gen 200 ETF (QQQS) and Vanguard U.S. Minimum Volatility ETF (VFMV) and

What is Michael Darrow's approval rating as TrueCar's CEO?

31 employees have rated TrueCar Chief Executive Officer Michael Darrow on Glassdoor.com. Michael Darrow has an approval rating of 45% among the company's employees. This puts Michael Darrow in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of TrueCar own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TrueCar investors own include Twitter (TWTR), NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Intel (INTC), Boeing (BA), Gilead Sciences (GILD), General Motors (GM), Inovio Pharmaceuticals (INO) and Southwest Airlines (LUV).

What is TrueCar's stock symbol?

TrueCar trades on the NASDAQ under the ticker symbol "TRUE."

Who are TrueCar's major shareholders?

TrueCar's stock is owned by a variety of retail and institutional investors. Top institutional investors include Caledonia Private Investments Pty Ltd (20.59%), United Services Automobile Association (8.93%), Cannell Capital LLC (8.85%), BlackRock Inc. (7.85%), Dimensional Fund Advisors LP (3.75%) and Acadian Asset Management LLC (2.23%). Insiders that own company stock include Brendan L Harrington, Charles C Thomas, Christopher W Claus, Dennis H Nelson, Jeff Swart, John W Mendel, Michael Darrow, Robert Buce and Simon Edward Smith.
View institutional ownership trends
.

How do I buy shares of TrueCar?

Shares of TRUE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is TrueCar's stock price today?

One share of TRUE stock can currently be purchased for approximately $2.24.

How much money does TrueCar make?

TrueCar (NASDAQ:TRUE) has a market capitalization of $199.81 million and generates $161.52 million in revenue each year. The technology company earns $-118,680,000.00 in net income (profit) each year or ($1.40) on an earnings per share basis.

How many employees does TrueCar have?

The company employs 428 workers across the globe.

How can I contact TrueCar?

TrueCar's mailing address is 120 BROADWAY SUITE 200, SANTA MONICA CA, 90401. The official website for the company is www.truecar.com. The technology company can be reached via phone at (800) 200-2000 or via email at investors@true.com.

This page (NASDAQ:TRUE) was last updated on 5/31/2023 by MarketBeat.com Staff

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