TrueCar (TRUE) Stock Forecast, Price & News

3 Wall Street equities research 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 equities research analysts is that investors should "buy" TRUE shares.
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3 brokers have issued 12-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 11.5% from the stock's current price.
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TrueCar's stock was trading at $2.51 at the start of the year. Since then, TRUE stock has decreased by 4.0% and is now trading at $2.41.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our TRUE earnings forecast.

TrueCar, Inc. (NASDAQ:TRUE) posted its quarterly earnings results on Thursday, May, 6th. The technology company reported ($0.09) EPS for the quarter, missing the consensus estimate 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 net margin of 81.20% and a negative trailing twelve-month return on equity of 29.25%. The firm's revenue was down 17.5% compared to the same quarter last year. During the same period last year, the firm posted $0.04 earnings per share.

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

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.

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).

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

TrueCar's stock is owned by many different institutional and retail investors. Top institutional shareholders 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.
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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.
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One share of TRUE stock can currently be purchased for approximately $2.41.

TrueCar (NASDAQ:TRUE) has a market capitalization of $214.97 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.

The company employs 428 workers across the globe.

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.