NASDAQ:TRUE TrueCar (TRUE) Stock Forecast, Price & News $2.26 +0.04 (+1.80%) (As of 05/31/2023 ET) Add Compare Share Share Today's Range$2.15▼$2.2750-Day Range$2.15▼$2.7052-Week Range$1.30▼$3.49Volume217,382 shsAverage Volume311,302 shsMarket Capitalization$201.59 millionP/E RatioN/ADividend YieldN/APrice Target$2.69 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media TrueCar MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside18.9% Upside$2.69 Price TargetShort InterestHealthy2.16% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.55Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.76) to ($0.53) Per ShareSee Full Details Hide Full Details 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 starsComputer And Technology Sector494th out of 621 stocksComputer Programming, Data Processing, & Other Computer Related Industry45th out of 61 stocks 2.5 Analyst's Opinion Consensus RatingTrueCar has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $2.69, TrueCar has a forecasted upside of 18.9% from its current price of $2.26.Amount of Analyst CoverageTrueCar has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.16% of the float of TrueCar has been sold short.Short Interest Ratio / Days to CoverTrueCar has a short interest ratio ("days to cover") of 4.8.Change versus previous monthShort interest in TrueCar has recently decreased by 4.76%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldTrueCar does not currently pay a dividend.Dividend GrowthTrueCar does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TRUE. Previous Next 1.4 News and Social Media Coverage News SentimentTrueCar has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for TrueCar this week, compared to 3 articles on an average week. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TrueCar insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.70% of the stock of TrueCar is held by insiders.Percentage Held by Institutions97.53% of the stock of TrueCar is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for TrueCar are expected to grow in the coming year, from ($0.76) to ($0.53) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TrueCar is -1.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of TrueCar is -1.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioTrueCar has a P/B Ratio of 1.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About TrueCar (NASDAQ:TRUE) StockTrueCar, 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.Read More 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. Email Address TRUE Stock News HeadlinesMay 31, 2023 | msn.comBargains for new and used cars still hard to findMay 30, 2023 | msn.comAre Large American Cars Dead?May 31, 2023 | Behind the Markets (Ad)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%...May 19, 2023 | americanbankingnews.comTrueCar (NASDAQ:TRUE) Research Coverage Started at StockNews.comMay 16, 2023 | msn.comTrueCar Faces Fierce Competition As U.S. Car Market ConsolidatesMay 15, 2023 | finance.yahoo.comPositive Signs As Multiple Insiders Buy TrueCar StockMay 15, 2023 | finance.yahoo.comPositive Signs As Multiple Insiders Buy TrueCar Stock \May 12, 2023 | msn.comGold Star daughter following in dad's footsteps surprised with new vehicle in DCMay 31, 2023 | Behind the Markets (Ad)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%...May 12, 2023 | msn.comHere’s Why Digital Auto Marketplace TrueCar Faces a Tough Economic BackdropMay 10, 2023 | marketwatch.com8-K: TrueCar, Inc.May 10, 2023 | msn.comThe Tesla Model 3 Long Range Is Back From the Dead After Nearly a YearMay 10, 2023 | washingtonpost.comTrueCar: Q1 Earnings SnapshotMay 10, 2023 | theglobeandmail.comHere’s Why TrueCar (TRUE) Faces a Tough Consumer HeadwindMay 10, 2023 | 247wallst.comHere's Why Digital Auto Marketplace TrueCar Faces a Tough Economic BackdropMay 10, 2023 | finance.yahoo.comQ1 2023 TrueCar Inc Earnings CallMay 8, 2023 | finance.yahoo.comTrueCar (TRUE) Reports Q1 Loss, Lags Revenue EstimatesMay 8, 2023 | finance.yahoo.comTrueCar Releases First Quarter 2023 Financial Results and Stockholder LetterMay 7, 2023 | msn.com5 of the Best-Sounding Muscle Cars From the Last 15 YearsMay 5, 2023 | msn.com4 Reasons To Skip the 2023 Ford Mustang GT and Wait for the New GTMay 5, 2023 | msn.com7 Best Apps For Buying New And Used CarsMay 1, 2023 | americanbankingnews.comTrueCar (TRUE) Set to Announce Earnings on MondayApril 24, 2023 | finance.yahoo.comTrueCar to Announce First Quarter 2023 Financial Results in Stockholder Letter on May 8April 18, 2023 | marketwatch.comUsed Vehicle Market Size By 2030April 17, 2023 | finance.yahoo.comInvestors Holding Back On TrueCar, Inc. (NASDAQ:TRUE)April 14, 2023 | msn.comWorst Deals on New Cars Right NowApril 12, 2023 | marketwatch.comUsed Car Trading Service Market Forecasts 2023-2029See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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. Email Address TRUE Company Calendar Last Earnings5/06/2021Today5/31/2023Next Earnings (Estimated)8/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Computer programming, data processing, & other computer related Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:TRUE CUSIPN/A CIK1327318 Webwww.truecar.com Phone(800) 200-2000FaxN/AEmployees428Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($1.40) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-118,680,000.00 Net Margins-81.20% Pretax Margin-82.89% Return on Equity-29.25% Return on Assets-23.51% Debt Debt-to-Equity RatioN/A Current Ratio6.60 Quick Ratio6.60 Sales & Book Value Annual Sales$161.52 million Price / Sales1.24 Cash Flow$0.25 per share Price / Cash Flow8.79 Book Value$2.04 per share Price / Book1.10Miscellaneous Outstanding Shares89,200,000Free Float85,897,000Market Cap$199.81 million OptionableOptionable Beta1.41 Key ExecutivesMichael D DarrowPresident, Chief Executive Officer & DirectorJantoon E ReigersmanChief Operating Officer & Executive Vice PresidentTeresa LuongChief Financial & Accounting OfficerElias RokosChief Technology OfficerJeffrey J. SwartSecretary, Executive VP & General CounselKey CompetitorsBlend LabsNYSE:BLNDSify TechnologiesNASDAQ:SIFYSangoma TechnologiesNASDAQ:SANGGANNASDAQ:GANVNET GroupNASDAQ:VNETView All CompetitorsInsiders & InstitutionsSkyView Investment Advisors LLCBought 91,933 shares on 5/18/2023Ownership: 0.103%JPMorgan Chase & Co.Bought 18,907 shares on 5/18/2023Ownership: 0.077%KB Financial Partners LLCBought 84,198 shares on 5/17/2023Ownership: 0.094%State Street CorpBought 12,364 shares on 5/16/2023Ownership: 1.928%Geode Capital Management LLCBought 30,674 shares on 5/16/2023Ownership: 1.874%View All Insider TransactionsView All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding TrueCar, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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