TrueCar, 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.
TrueCar Stock Down 4.2 %
Shares of TrueCar stock traded down $0.11 during trading on Tuesday, reaching $2.52. The company's stock had a trading volume of 361,669 shares, compared to its average volume of 660,100. TrueCar has a 52-week low of $2.50 and a 52-week high of $4.64. The company has a market cap of $235.84 million, a price-to-earnings ratio of -5.25 and a beta of 1.05. The firm's 50-day moving average is $2.76 and its two-hundred day moving average is $3.25.
TrueCar (NASDAQ:TRUE - Get Rating) last announced its quarterly earnings data on Monday, May 9th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.03. The company had revenue of $43.53 million during the quarter, compared to analysts' expectations of $42.46 million. TrueCar had a negative net margin of 24.68% and a negative return on equity of 13.77%. On average, equities research analysts anticipate that TrueCar will post -0.56 EPS for the current year.
Insider Buying and Selling at TrueCar
In other news, Director John W. Mendel sold 12,578 shares of the firm's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $2.77, for a total value of $34,841.06. Following the completion of the sale, the director now directly owns 148,528 shares of the company's stock, valued at approximately $411,422.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.70% of the stock is currently owned by corporate insiders.