TrueCar Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TrueCar in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" TrueCar stock. 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 brokerages have issued 1-year target prices for TrueCar's shares. Their TRUE stock forecasts range from $3.50 to $6.00. On average, they expect TrueCar's share price to reach $4.31 in the next year. This suggests a possible upside of 64.6% 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 stock has decreased by 22.9% and is now trading at $2.62.
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TrueCar is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for TrueCar.

TrueCar, Inc. (NASDAQ:TRUE) issued its earnings results on Monday, May, 9th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.03. The technology company had revenue of $43.53 million for the quarter, compared to analysts' expectations of $42.46 million. TrueCar had a negative trailing twelve-month return on equity of 12.45% and a negative net margin of 20.14%.
View TrueCar's earnings history.

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

Some companies that are related to TrueCar include HUYA (HUYA), Model N (MODN), VNET Group (VNET), Health Catalyst (HCAT), PubMatic (PUBM), Cardlytics (CDLX), CEVA (CEVA), OneConnect Financial Technology (OCFT), HealthStream (HSTM), Tremor International (TRMR), System1 (SST), Similarweb (SMWB), Taboola.com (TBLA), Yalla Group (YALA) and Blend Labs (BLND).
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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."

Shares of TRUE 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 $2.62.

TrueCar (NASDAQ:TRUE) has a market capitalization of $245.20 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 ($0.43) on an earnings per share basis.

TrueCar employs 428 workers across the globe.

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