NASDAQ:TRUE TrueCar - TRUE Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $3.03 +0.03 (+1.00%) (As of 01/27/2023 12:00 AM ET) Add Compare Share Share Today's Range$2.98▼$3.1050-Day Range$2.22▼$3.1852-Week Range$1.30▼$4.09Volume539,728 shsAverage Volume255,115 shsMarket Capitalization$266.97 millionP/E RatioN/ADividend YieldN/APrice Target$3.31 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media TrueCar MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside9.3% Upside$3.31 Price TargetShort InterestHealthy2.34% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.77Based on 3 Articles This WeekInsider TradingAcquiring Shares$96,000 Bought Last QuarterProj. Earnings GrowthGrowingFrom ($0.62) to ($0.25) 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.1.98 out of 5 starsComputer And Technology Sector393rd out of 635 stocksComputer Programming, Data Processing, & Other Computer Related Industry39th out of 66 stocks 1.3 Analyst's Opinion Consensus RatingTrueCar has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $3.31, TrueCar has a forecasted upside of 9.3% from its current price of $3.03.Amount of Analyst CoverageTrueCar has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.34% of the float of TrueCar has been sold short.Short Interest Ratio / Days to CoverTrueCar has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in TrueCar has recently decreased by 13.64%, indicating that investor sentiment is improving significantly. 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 3.2 News and Social Media Coverage News SentimentTrueCar has a news sentiment score of 0.77. 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 is a higher news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for TrueCar this week, compared to 2 articles on an average week.MarketBeat Follows1 people have added TrueCar to their MarketBeat watchlist in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TrueCar insiders have bought more of their company's stock than they have sold. Specifically, they have bought $96,000.00 in company stock and sold $0.00 in 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 1.3 Earnings and Valuation Earnings GrowthEarnings for TrueCar are expected to grow in the coming year, from ($0.62) to ($0.25) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TrueCar is -2.40, 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 -2.40, 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 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About TrueCar (NASDAQ:TRUE) StockTrueCar, Inc. 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. 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. The company also offers forecast and consulting 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. In addition, it provides accurate, 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; and DealerScience that provides dealers with advanced digital retailing software tools. The company was formerly known as Zag.com Inc. TrueCar, Inc. was incorporated in 2005 and is headquartered in Santa Monica, California.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 HeadlinesJanuary 27, 2023 | msn.com5 Best SUVs Under $30,000 From 2022January 27, 2023 | msn.comTrueCar Says This 2023 Subcompact Sedan Has the Best Gas Mileage for a Non-HybridJanuary 29, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…January 19, 2023 | americanbankingnews.comBrokerages Set TrueCar, Inc. (NASDAQ:TRUE) PT at $3.31January 17, 2023 | marketwatch.comUsed-car Trading E-commerce Market by Product and Geography : Forecast and Analysis 2023 to 2029 with Top Countries DataJanuary 17, 2023 | msn.com3 Things U.S. News Doesn’t Like About the 2023 Dodge ChallengerDecember 29, 2022 | finance.yahoo.comTrueCar Releases Analysis of December Industry SalesDecember 21, 2022 | msn.comHow Far Will the 2022 Tesla Model 3 Long Range Take You?January 29, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…December 13, 2022 | msn.comToyota RAV4 Prime vs. Ford Escape PHEV: TrueCar Decides Which Is the Better Plug-In Hybrid CrossoverNovember 30, 2022 | seekingalpha.comGM, Hyundai and Tesla are forecast to be U.S. auto market share winners in NovemberNovember 30, 2022 | finance.yahoo.comTrueCar Releases Analysis of November Industry SalesNovember 19, 2022 | finance.yahoo.comAs TrueCar, Inc. (NASDAQ:TRUE) gains 37%, insiders who bought last year may be wishing they had bet higherNovember 17, 2022 | finance.yahoo.comAutoNation (AN) Set to Spur Digital Game With Stake in TrueCarNovember 15, 2022 | finance.yahoo.comAutoNation Announces Acquisition of Minority Ownership Stake in TrueCar, a Leading Automotive Digital MarketplaceNovember 14, 2022 | finance.yahoo.comTrueCar Announces the "I Need a TrueCar" Sweepstakes To Help People Buy a CarNovember 10, 2022 | finance.yahoo.comTrueCar Honors Vietnam Marine Veteran with Brand New Retrofitted Vehicle for DrivenToDrive InitiativeNovember 7, 2022 | finance.yahoo.comTrueCar Releases Third Quarter 2022 Financial Results and Stockholder LetterNovember 7, 2022 | finance.yahoo.comTrueCar (TRUE) Reports Q3 Loss, Lags Revenue EstimatesNovember 3, 2022 | finance.yahoo.comTrueCar Expands Its Digital Automotive Marketplace, TrueCar+, to Five Additional StatesNovember 1, 2022 | finance.yahoo.comTrueCar Appoints Brendan Harrington to its Board of DirectorsOctober 28, 2022 | finance.yahoo.comTrueCar Releases Analysis of October Industry SalesOctober 27, 2022 | finance.yahoo.comLimoneira Company Announces Change to Board of DirectorsOctober 27, 2022 | msn.comHere’s Why You Should Buy a Mini Electric Over Other EVsOctober 26, 2022 | finance.yahoo.comTrueCar Launches Online Credit Application on TrueCar.com in Southern CaliforniaOctober 26, 2022 | msn.comThe Most Fuel-Efficient Convertible Is Not The Car You Would ExpectOctober 25, 2022 | msn.com5 Cheapest Luxury Cars Under $40,000 According to U.S. NewsSee 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 Earnings11/07/2022Today1/29/2023Next Earnings (Estimated)2/28/2023Fiscal 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$3.31 High Stock Price Forecast$6.00 Low Stock Price Forecast$1.50 Forecasted Upside/Downside+9.3%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($1.26) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-38,330,000.00 Net Margins-68.14% Pretax Margin-69.69% Return on Equity-19.36% Return on Assets-16.17% Debt Debt-to-Equity RatioN/A Current Ratio6.78 Quick Ratio6.78 Sales & Book Value Annual Sales$231.70 million Price / Sales1.15 Cash FlowN/A Price / Cash FlowN/A Book Value$3.44 per share Price / Book0.88Miscellaneous Outstanding Shares88,110,000Free Float84,853,000Market Cap$266.97 million OptionableOptionable Beta1.32 Key ExecutivesMr. Michael D. Darrow (Age 65)Pres, CEO & Director Comp: $600.24kMr. Jantoon E. Reigersman (Age 41)Exec. VP, COO & CFO Comp: $454.88kMr. Jeffrey J. Swart (Age 55)Exec. VP, Sec. & Gen. Counsel Comp: $410.59kMr. Elias RokosChief Technology OfficerMs. Zaineb BokhariVP of Investor RelationsShadee MalekafzaliSr. Director of PRMs. Jill AngelChief People Officer.Mr. Victor Anthony Perry III (Age 69)Advisor Mr. Paul EdmondsSr. VP of Dealer Marketing & OperationsMr. David GreenSr. VP of Major AccountsMore ExecutivesKey CompetitorsBlend LabsNYSE:BLNDSify TechnologiesNASDAQ:SIFYRumbleNASDAQ:RUMSangoma TechnologiesNASDAQ:SANGGANNASDAQ:GANView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpSold 14,701 shares on 12/8/2022Ownership: 2.165%California State Teachers Retirement SystemSold 6,647 shares on 11/21/2022Ownership: 0.120%United Services Automobile AssociationSold 180,000 shares on 11/16/2022Ownership: 9.295%BNP Paribas Arbitrage SNCBought 16,746 shares on 11/16/2022Ownership: 0.052%Christopher W ClausBought 40,000 shares on 11/15/2022Total: $96,000.00 ($2.40/share)View All Insider TransactionsView All Institutional Transactions TRUE Stock - Frequently Asked Questions Should I buy or sell TrueCar stock right now? 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TrueCar in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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? 6 equities research analysts 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 expect the company's stock price to reach $3.31 in the next twelve months. This suggests a possible upside of 9.3% 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 on January 1st, 2023. Since then, TRUE shares have increased by 20.7% and is now trading at $3.03. 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, February 28th 2023. View our TRUE earnings forecast. How were TrueCar's earnings last quarter? TrueCar, Inc. (NASDAQ:TRUE) announced its quarterly earnings data on Monday, November, 7th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.06. The technology company earned $39.05 million during the quarter, compared to analysts' expectations of $40.06 million. TrueCar had a negative trailing twelve-month return on equity of 19.36% and a negative net margin of 68.14%. 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." 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 $3.03. How much money does TrueCar make? TrueCar (NASDAQ:TRUE) has a market capitalization of $266.97 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. 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 1/29/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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