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NASDAQ:TRUE

TrueCar Stock Forecast, Price & News

$4.93
+0.11 (+2.28 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$4.74
Now: $4.94
$4.99
50-Day Range
$3.76
MA: $4.76
$5.48
52-Week Range
$1.98
Now: $4.94
$6.47
Volume1.19 million shs
Average Volume1.23 million shs
Market Capitalization$533.02 million
P/E RatioN/A
Dividend YieldN/A
Beta1.58
TrueCar, Inc., together with its subsidiaries, operates as an Internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar Website and mobile applications. The company also customizes and operates its platform for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for large enterprises. Its platform enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar certified dealers. In addition, the company offers forecast, consulting, and other services regarding determination of the residual value of an automobile at given future points in time, which are used to underwrite automotive loans and leases, and by financial institutions to measure exposure and risk across loan, lease, and fleet portfolios. Further, it provides geographically specific and real-time pricing information for consumers and dealers; TrueCar Trade, which gives consumers information on the value of their trade-in vehicles and enables them to obtain a guaranteed trade-in price before setting foot in the dealership; DealerSync, a dealer Website creation and management service and a software platform that assists dealers in managing, marketing, and growing their business; and DealerScience that provides dealers with advanced digital retailing software tools. The company was formerly known as Zag.com Inc. TrueCar, Inc. was founded in 2005 and is headquartered in Santa Monica, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.2Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.88 out of 5 stars


Industry, Sector and Symbol

Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
Current SymbolNASDAQ:TRUE
CUSIPN/A
Phone800-200-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$353.88 million
Book Value$3.07 per share

Profitability

Net Income$-54,890,000.00

Miscellaneous

Employees773
Market Cap$533.02 million
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$4.93
+0.11 (+2.28 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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TrueCar (NASDAQ:TRUE) Frequently Asked Questions

How has TrueCar's stock been impacted by COVID-19?

TrueCar's stock was trading at $2.42 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TRUE stock has increased by 103.9% and is now trading at $4.9350.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of TrueCar?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TrueCar in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for TrueCar
.

When is TrueCar's next earnings date?

TrueCar is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for TrueCar
.

How were TrueCar's earnings last quarter?

TrueCar Inc (NASDAQ:TRUE) posted its quarterly earnings results on Thursday, August, 6th. The technology company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.07) by $0.11. The technology company earned $62.69 million during the quarter, compared to analyst estimates of $55.56 million. TrueCar had a negative return on equity of 5.73% and a negative net margin of 11.76%. TrueCar's revenue for the quarter was down 28.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.02) EPS.
View TrueCar's earnings history
.

What price target have analysts set for TRUE?

8 Wall Street analysts have issued twelve-month target prices for TrueCar's stock. Their forecasts range from $3.25 to $10.00. On average, they anticipate TrueCar's stock price to reach $5.17 in the next year. This suggests a possible upside of 4.7% from the stock's current price.
View analysts' price targets for TrueCar
.

Are investors shorting TrueCar?

TrueCar saw a drop in short interest in the month of August. As of August 14th, there was short interest totaling 7,710,000 shares, a drop of 24.0% from the July 30th total of 10,140,000 shares. Based on an average trading volume of 1,460,000 shares, the short-interest ratio is currently 5.3 days. Approximately 8.1% of the company's stock are sold short.
View TrueCar's Short Interest
.

Who are some of TrueCar's key competitors?

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), General Motors (GM), Inovio Pharmaceuticals (INO), Intel (INTC), Gilead Sciences (GILD), Southwest Airlines (LUV) and Skyworks Solutions (SWKS).

Who are TrueCar's key executives?

TrueCar's management team includes the following people:
  • Mr. Victor Anthony Perry III, Pres, CEO & Director (Age 65)
  • Mr. Neeraj Gunsagar, Exec. VP & Chief Marketing Officer (Age 42)
  • Mr. Brian Skutta, Exec. VP of Dealer Sales & Service (Age 42)
  • Mr. Michael Darrow, Exec. VP of OEM & Partner Devel. (Age 61)
  • Mr. Charles C. Thomas, Principal Financial Officer & Principal Accounting Officer (Age 34)

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 retail and institutional investors. Top institutional investors include UBS Group AG (7.47%), Goldman Sachs Group Inc. (3.43%), Jacobs Levy Equity Management Inc. (1.42%), Two Sigma Advisers LP (1.20%), Marshall Wace LLP (0.48%) and Russell Investments Group Ltd. (0.45%). Company insiders that own TrueCar stock include Michael Darrow, Robert Mcclung and Simon Edward Smith.
View institutional ownership trends for TrueCar
.

Which major investors are selling TrueCar stock?

TRUE stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Jacobs Levy Equity Management Inc., Two Sigma Advisers LP, Stephens Inc. AR, PDT Partners LLC, Spark Investment Management LLC, Algert Global LLC, and Quadrature Capital Ltd.
View insider buying and selling activity for TrueCar
.

Which major investors are buying TrueCar stock?

TRUE stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Marshall Wace LLP, WINTON GROUP Ltd, Jane Street Group LLC, Grantham Mayo Van Otterloo & Co. LLC, Swiss National Bank, Bank of New York Mellon Corp, and Nuveen Asset Management LLC.
View insider buying and selling activity for TrueCar
.

How do I buy shares of TrueCar?

Shares of TRUE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is TrueCar's stock price today?

One share of TRUE stock can currently be purchased for approximately $4.94.

How big of a company is TrueCar?

TrueCar has a market capitalization of $533.02 million and generates $353.88 million in revenue each year. The technology company earns $-54,890,000.00 in net income (profit) each year or ($0.39) on an earnings per share basis. TrueCar employs 773 workers across the globe.

What is TrueCar's official website?

The official website for TrueCar is www.truecar.com.

How can I contact TrueCar?

TrueCar's mailing address is 120 BROADWAY SUITE 200, SANTA MONICA CA, 90401. The technology company can be reached via phone at 800-200-2000 or via email at [email protected]

This page was last updated on 9/20/2020 by MarketBeat.com Staff

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