TrueCar - TRUE Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TrueCar in the last twelve months. There are currently 4 hold ratings and 3 buy ratings 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.
View TRUE analyst ratings or view top-rated stocks.

7 Wall Street research analysts have issued twelve-month price targets for TrueCar's shares. Their TRUE share price forecasts range from $1.50 to $6.00. On average, they expect the company's share price to reach $3.50 in the next twelve months. 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 on January 1st, 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 during 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. Currently, 3.2% of the shares of the stock 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) released its earnings results 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 analyst estimates 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%. The firm's revenue was down 17.5% on a year-over-year basis. During the same period last year, the business posted $0.04 EPS.

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 number 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 $246.71 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.