TrueCar - TRUE Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TrueCar in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
View TRUE analyst ratings or view top-rated stocks.

7 brokers have issued 12 month price targets for TrueCar's stock. Their TRUE share price forecasts range from $1.50 to $6.00. On average, they anticipate the company's share price to reach $3.50 in the next year. This suggests a possible upside of 25.0% from the stock's current price.
View analysts price targets for TRUE or view top-rated stocks among Wall Street analysts.

TrueCar's stock was trading at $3.40 at the beginning of 2022. Since then, TRUE shares have decreased by 17.6% and is now trading at $2.80.
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TrueCar saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 2,090,000 shares, an increase of 26.7% from the October 31st total of 1,650,000 shares. Based on an average daily trading volume, of 592,200 shares, the days-to-cover ratio is presently 3.5 days. Approximately 3.2% of the company's shares are sold short.
View TrueCar's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our TRUE earnings forecast.

TrueCar, Inc. (NASDAQ:TRUE) posted its quarterly earnings data on Thursday, May, 6th. The technology company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by $0.04. The technology company earned $65.10 million during the quarter, compared to analysts' expectations of $61.57 million. TrueCar had a negative net margin of 68.14% and a negative trailing twelve-month return on equity of 19.36%. TrueCar's quarterly revenue was down 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 earnings per share.

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 a variety of institutional and retail investors. Top institutional shareholders include United Services Automobile Association (9.30%), BlackRock Inc. (8.65%), Par Capital Management Inc. (6.09%), Vanguard Group Inc. (4.68%), Dimensional Fund Advisors LP (3.77%) and Renaissance Technologies LLC (2.59%). Insiders that own company stock include 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.

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 $2.80.

TrueCar (NASDAQ:TRUE) has a market capitalization of $246.72 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 ($1.26) 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.