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Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
Save $200 on MarketBeat All Access (Ad)
US, UK navies say they responded to distress call as Iran's Revolutionary Guard 'harassed' ship
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Save $200 on MarketBeat All Access (Ad)
Stock market today: Asian stocks follow Wall St up after strong US jobs report
Greek authorities rescue 91 migrants from river islet on border with Turkey
Is This The End Of Your Retirement? (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
Save $200 on MarketBeat All Access (Ad)
US, UK navies say they responded to distress call as Iran's Revolutionary Guard 'harassed' ship
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Save $200 on MarketBeat All Access (Ad)
Stock market today: Asian stocks follow Wall St up after strong US jobs report
Greek authorities rescue 91 migrants from river islet on border with Turkey
Is This The End Of Your Retirement? (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
Save $200 on MarketBeat All Access (Ad)
US, UK navies say they responded to distress call as Iran's Revolutionary Guard 'harassed' ship
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Save $200 on MarketBeat All Access (Ad)
Stock market today: Asian stocks follow Wall St up after strong US jobs report
Greek authorities rescue 91 migrants from river islet on border with Turkey
Is This The End Of Your Retirement? (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
NASDAQ:TRUE

TrueCar (TRUE) Stock Forecast, Price & News

$2.41
+0.14 (+6.17%)
(As of 06/2/2023 08:49 PM ET)
Compare
Today's Range
$2.19
$2.42
50-Day Range
$2.15
$2.70
52-Week Range
$1.30
$3.49
Volume
223,100 shs
Average Volume
309,114 shs
Market Capitalization
$214.97 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
11.5% Upside
$2.69 Price Target
Short Interest
Healthy
2.16% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.09mentions of TrueCar in the last 14 days
Based on 7 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.

1.68 out of 5 stars

Computer And Technology Sector

497th out of 606 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

44th out of 60 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

“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
How to buy your first car
Are Large American Cars Dead?
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty
A unique type of investment could help you make more money than you will need for the rest of your life. It’s what we call the “Amazon secret royalty program.” It’s an income stream that allows you to collect $1,000s… $10,000s… or more every year! Learn how to collect your first payout before June 13th.
8-K: TrueCar, Inc.
TrueCar: Q1 Earnings Snapshot
Q1 2023 TrueCar Inc Earnings Call
TrueCar (TRUE) Set to Announce Earnings on Monday
See More Headlines

TRUE Price History

TRUE Company Calendar

Last Earnings
5/06/2021
Today
6/04/2023
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
+11.5%
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
$0.26 per share
Book Value
$2.04 per share

Miscellaneous

Free Float
85,897,000
Market Cap
$214.97 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 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.
View TRUE analyst ratings
or view top-rated stocks.

What is TrueCar's stock price forecast for 2023?

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.
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 stock has decreased by 4.0% and is now trading at $2.41.
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) 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.

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 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.
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 $2.41.

How much money does TrueCar make?

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.

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 6/5/2023 by MarketBeat.com Staff

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