NASDAQ:TRUETrueCar Stock Price, Forecast & News

$2.90

+0.12 (+4.32 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$2.83

Now: $2.90▼

$2.95

50-Day Range

$2.16

MA: $2.52▼

$3.31

52-Week Range

$1.98

Now: $2.90▼

$5.66

Volume650,460 shs

Average Volume721,651 shs

Market Capitalization$311.08 million

P/E RatioN/A

Dividend YieldN/A

Beta1.29

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.

Beat the Market (BTM) Rank^™

3.1 Analyst's Opinion

Consensus Rating
TrueCar has received a consensus rating of Hold. The company's average rating score is 2.11, and is based on 1 buy rating, 8 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $3.79, TrueCar has a potential upside of 30.7% from its current price of $2.90.
Amount of Analyst Coverage
TrueCar has only been the subject of 4 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
TrueCar has received 482 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
TrueCar has received 616 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
TrueCar has received 56.10% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about TrueCar and other stocks. Vote “Outperform” if you believe TRUE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe TRUE will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
TrueCar does not currently pay a dividend.
Dividend Growth
TrueCar does not have a long track record of dividend growth.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TrueCar insiders have bought 2,538.13% more of their company's stock than they have sold. Specifically, they have bought $233,000.00 in company stock and sold $8,832.00 in company stock.
Percentage Held by Insiders
Only 4.20% of the stock of TrueCar is held by insiders.
Percentage Held by Institutions
92.88% of the stock of TrueCar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for TrueCar are expected to decrease in the coming year, from ($0.33) to ($0.40) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TrueCar is -6.04, 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. Sector
The P/E ratio of TrueCar is -6.04, 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 Ratio
TrueCar has a P/B Ratio of 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.98 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Computer programming, data processing, & other computer related

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:TRUE

Previous Symbol

CUSIPN/A

CIK1327318

Webwww.truecar.com

Phone800-200-2000

Debt

Debt-to-Equity Ratio0.11

Current Ratio5.88

Quick Ratio5.88

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$353.88 million

Price / Sales0.88

Cash FlowN/A

Price / Cash FlowN/A

Book Value$3.07 per share

Price / Book0.94

Profitability

EPS (Most Recent Fiscal Year)($0.39)

Net Income$-54,890,000.00

Net Margins-14.55%

Return on Equity-10.48%

Return on Assets-7.93%

Miscellaneous

Employees773

Outstanding Shares107,270,000

Market Cap$311.08 million

Next Earnings Date8/13/2020 (Estimated)

OptionableOptionable

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TrueCar (NASDAQ:TRUE) Frequently Asked Questions

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

TrueCar's stock was trading at $2.42 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TRUE shares have increased by 19.8% and is now trading at $2.90. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of TrueCar?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TrueCar in the last year. There are currently 8 hold ratings and 1 buy rating 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, August 13th 2020. View our earnings forecast for TrueCar.

How were TrueCar's earnings last quarter?

TrueCar Inc (NASDAQ:TRUE) released its quarterly earnings results on Thursday, May, 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06. The technology company earned $83.53 million during the quarter, compared to analysts' expectations of $82 million. TrueCar had a negative return on equity of 10.48% and a negative net margin of 14.55%. The firm's revenue was down 2.4% on a year-over-year basis. View TrueCar's earnings history.

What price target have analysts set for TRUE?

9 Wall Street analysts have issued 12-month price targets for TrueCar's shares. Their forecasts range from $3.00 to $5.00. On average, they expect TrueCar's share price to reach $3.79 in the next twelve months. This suggests a possible upside of 30.7% from the stock's current price. View analysts' price targets for TrueCar.

Has TrueCar been receiving favorable news coverage?

Media coverage about TRUE stock has been trending extremely negative on Sunday, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. TrueCar earned a media sentiment score of -5.0 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future. View the latest news aboutTrueCar.

Who are some of TrueCar's key competitors?

Some companies that are related to TrueCar include Model N (MODN), Health Catalyst (HCAT), Eventbrite (EB), Qutoutiao (QTT), The Rubicon Project (RUBI), HealthStream (HSTM), Pivotal Acquisition (PVT), Phoenix Tree (LIZI), Aurora Mobile (JG), Jianpu Technology (JT), Synacor (SYNC), Sify Technologies (SIFY), Pintec Technology (PT), GigaMedia (GIGM) and Chinanet Online (CNET). View all 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), Gilead Sciences (GILD), General Motors (GM), Tesla (TSLA), Caterpillar (CAT), Freeport-McMoRan (FCX), NVIDIA (NVDA), Skyworks Solutions (SWKS), Advanced Micro Devices (AMD) and GoPro (GPRO).

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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.44%), Morgan Stanley (4.90%), Morgan Stanley (4.90%), State Street Corp (2.00%), Assenagon Asset Management S.A. (1.55%) and Two Sigma Advisers LP (1.38%). Company insiders that own TrueCar stock include Jeff Swart, John Pierantoni, Michael Darrow, Neeraj Gunsagar, Robert Mcclung and Simon Edward Smith. View institutional ownership trends for TrueCar.

Which institutional investors are selling TrueCar stock?

TRUE stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, SG Americas Securities LLC, Canada Pension Plan Investment Board, Squarepoint Ops LLC, BlackRock Inc., Engineers Gate Manager LP, Two Sigma Advisers LP, and State Street Corp. Company insiders that have sold TrueCar company stock in the last year include Robert Mcclung, and Simon Edward Smith. View insider buying and selling activity for TrueCar.

Which institutional investors are buying TrueCar stock?

TRUE stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Morgan Stanley, Morgan Stanley, Acadian Asset Management LLC, JPMorgan Chase & Co., Invesco Ltd., Connor Clark & Lunn Investment Management Ltd., and WINTON GROUP Ltd. 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 $2.90.

How big of a company is TrueCar?

TrueCar has a market capitalization of $311.08 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 6/7/2020 by MarketBeat.com Staff