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. The company was formerly known as Zag.com Inc. TrueCar, Inc. was founded in 2005 and is headquartered in Santa Monica, California.
Industry, Sector and Symbol
Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:TRUE
CUSIPN/A
Phone800-200-2000
Debt
Debt-to-Equity Ratio0.09
Current Ratio7.14
Quick Ratio7.14
Price-To-Earnings
Trailing P/E Ratio-38.89
Forward P/E Ratio-38.89
P/E GrowthN/A
Sales & Book Value
Annual Sales$323.15 million
Price / Sales3.28
Cash FlowN/A
Price / CashN/A
Book Value$3.13 per share
Price / Book3.35
Profitability
EPS (Most Recent Fiscal Year)($0.27)
Net Income$-32,840,000.00
Net Margins-10.69%
Return on Equity-8.62%
Return on Assets-7.00%
Miscellaneous
Employees686
Outstanding Shares100,930,000
TrueCar (NASDAQ:TRUE) Frequently Asked Questions
What is TrueCar's stock symbol?
TrueCar trades on the NASDAQ under the ticker symbol "TRUE."
How were TrueCar's earnings last quarter?
TrueCar Inc (NASDAQ:TRUE) issued its quarterly earnings results on Tuesday, May, 8th. The technology company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. The technology company earned $81.06 million during the quarter, compared to analysts' expectations of $81.36 million. TrueCar had a negative return on equity of 8.62% and a negative net margin of 10.69%. The business's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.01) earnings per share. View TrueCar's Earnings History.
When is TrueCar's next earnings date?
What price target have analysts set for TRUE?
9 analysts have issued 1-year target prices for TrueCar's shares. Their forecasts range from $9.00 to $18.00. On average, they anticipate TrueCar's stock price to reach $14.8438 in the next twelve months. View Analyst Ratings for TrueCar.
What are Wall Street analysts saying about TrueCar stock?
Here are some recent quotes from research analysts about TrueCar stock:
- 1. According to Zacks Investment Research, "TrueCar Inc. engages in developing and publishing an online automotive information and communications platform. The Company operates its company-branded platform on its TrueCar.com Website. It enables users to obtain market-based pricing data on new and used cars, as well as to connect with its network of TrueCar certified dealers. TrueCar, Inc. is based in Santa Monica, California. " (6/6/2018)
- 2. Benchmark Co. analysts commented, "We think management has the right strategy in place to achieve FY18 numbers, but are expecting a more back-half weighted year than the street." (5/3/2018)
- 3. B. Riley analysts commented, "We believe this is a function of a fully revamped technology infrastructure and UI as well as the addition of consumer reviews over the last few weeks. Content, especially expert and user generated content, tends to be favored by GOOGL’s algorithms and usually drives up rankings on the SERP . We believe these Search Engine Optimization (SEO) benefits are in the early stages and should become a key driver of traffic over the next few quarters as additional content is layered in by 2Q18. The benefit of organic traffic is it provides zero cost, high intent traffic to the site. Under the current circumstances, where monetization is low for TRUE, we expect the company to cut back on paid advertising to reduce amount of undermonetized traffic leading to reduced ad spend and therefore improved margins." (10/31/2017)
Are investors shorting TrueCar?
TrueCar saw a decrease in short interest in the month of May. As of May 31st, there was short interest totalling 8,718,877 shares, a decrease of 11.9% from the May 15th total of 9,901,744 shares. Based on an average daily trading volume, of 1,771,565 shares, the days-to-cover ratio is currently 4.9 days. View TrueCar's Current Options Chain.
Who are some of TrueCar's key competitors?
Some companies that are related to TrueCar include GDS (GDS), Trade Desk (TTD), Pluralsight (PS), Switch (SWCH), Jianpu Technology (JT), Internet Initiative Japan (IIJI), 21Vianet Group (VNET), HealthStream (HSTM), Model N (MODN), Cardlytics (CDLX), Internap (INAP), The Rubicon Project (RUBI), Edgewater Technology (EDGW), Sify Technologies (SIFY) and Synacor (SYNC).
Who are TrueCar's key executives?
TrueCar's management team includes the folowing people:
- Mr. Victor Anthony Perry III, Pres, CEO & Director (Age 64)
- Mr. Neeraj Gunsagar, Exec. VP & Chief Marketing Officer (Age 41)
- Mr. Brian Skutta, Exec. VP of Dealer Sales & Service (Age 41)
- Mr. Michael Darrow, Exec. VP of OEM & Partner Devel. (Age 60)
- Mr. John Pierantoni, Interim CFO & Chief Accounting Officer (Age 46)
Has TrueCar been receiving favorable news coverage?
Media stories about TRUE stock have been trending somewhat negative recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TrueCar earned a daily sentiment score of -0.18 on Accern's scale. They also gave media stories about the technology company an impact score of 46.38 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are TrueCar's major shareholders?
TrueCar's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Caledonia Private Investments Pty Ltd (16.35%), Senvest Management LLC (7.24%), Ontario Teachers Pension Plan Board (5.20%), BlackRock Inc. (4.57%), UBS Group AG (3.06%) and Millennium Management LLC (1.48%). Company insiders that own TrueCar stock include Brian Skutta, Ii LP Upfront, Ion Yadigaroglu, Jeff Swart, John Krafcik, John Pierantoni, Michael Guthrie, Neeraj Gunsagar, Robert Buce, Services Automobile Ass United and Steven J Dietz. 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 Wasatch Advisors Inc., UBS Group AG, BNP Paribas Arbitrage SA, Cortina Asset Management LLC, Wells Fargo & Company MN, Diker Management LLC, State Board of Administration of Florida Retirement System and California Public Employees Retirement System. Company insiders that have sold TrueCar company stock in the last year include Brian Skutta, Ion Yadigaroglu, Jeff Swart, John Krafcik, John Pierantoni, Michael Guthrie, Neeraj Gunsagar and Robert Buce. View Insider Buying and Selling for TrueCar.
Which institutional investors are buying TrueCar stock?
TRUE stock was purchased by a variety of institutional investors in the last quarter, including Ontario Teachers Pension Plan Board, Millennium Management LLC, Senvest Management LLC, JPMorgan Chase & Co., Cowen Prime Services LLC, BlackRock Inc., A.R.T. Advisors LLC and Engineers Gate Manager LP. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is TrueCar's stock price today?
One share of TRUE stock can currently be purchased for approximately $10.50.
How big of a company is TrueCar?
TrueCar has a market capitalization of $1.06 billion and generates $323.15 million in revenue each year. The technology company earns $-32,840,000.00 in net income (profit) each year or ($0.27) on an earnings per share basis. TrueCar employs 686 workers across the globe.
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]
MarketBeat Community Rating for TrueCar (TRUE)
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.
