TrueCar - TRUE Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TrueCar in the last twelve months. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TRUE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRUE, but not buy additional shares or sell existing shares.
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6 analysts have issued 1-year price objectives for TrueCar's shares. Their TRUE share price forecasts range from $2.25 to $6.00. On average, they anticipate the company's share price to reach $4.00 in the next twelve months. This suggests a possible upside of 164.9% from the stock's current price.
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TrueCar's stock was trading at $3.40 at the start of the year. Since then, TRUE shares have decreased by 55.6% and is now trading at $1.51.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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TrueCar, Inc. (NASDAQ:TRUE) posted its quarterly earnings results on Tuesday, August, 2nd. The technology company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.03. The technology company earned $42.28 million during the quarter, compared to the consensus estimate of $44.20 million. TrueCar had a negative net margin of 24.68% and a negative trailing twelve-month return on equity of 14.19%.

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 investors include Marquette Asset Management LLC (0.08%). Insiders that own company stock include Charles C Thomas, 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 $1.51.

TrueCar (NASDAQ:TRUE) has a market capitalization of $136.85 million and generates $231.70 million in revenue each year. The technology company earns $-38,330,000.00 in net income (profit) each year or ($0.48) 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.