NASDAQ:TRUE

TrueCar - TRUE Stock Forecast, Price & News

$1.51

-0.05 (-3.21%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $1.50
▼
$1.56
50-Day Range: $1.51
▼
$2.63
52-Week Range: $1.50
▼
$4.64

Volume: 384,622 shs
Average Volume: 454,548 shs
Market Capitalization: $136.85 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.00

TrueCar MarketRank™ Forecast

Analyst Rating: Hold
2.17 Rating Score
Upside/Downside: 164.9% Upside
$4.00 Price Target
Short Interest: Healthy
2.79% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.44
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.55) to ($0.50) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.04 out of 5 stars

Computer And Technology Sector

448th out of 650 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

40th out of 68 stocks

3.1

Analyst's Opinion

Consensus Rating
TrueCar has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.00, TrueCar has a forecasted upside of 164.9% from its current price of $1.51.
Amount of Analyst Coverage
TrueCar has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.79% of the float of TrueCar has been sold short.
Short Interest Ratio / Days to Cover
TrueCar has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in TrueCar has recently increased by 8.60%, indicating that investor sentiment is decreasing significantly.

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TRUE.

1.9

News and Social Media Coverage

News Sentiment
TrueCar has a news sentiment score of 0.44. 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 lower news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for TrueCar this week, compared to 3 articles on an average week.
MarketBeat Follows
Only 1 people have added TrueCar to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TrueCar insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.70% of the stock of TrueCar is held by insiders.
Percentage Held by Institutions
92.99% of the stock of TrueCar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for TrueCar are expected to grow in the coming year, from ($0.55) to ($0.50) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TrueCar is -3.15, 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 -3.15, 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 0.44. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About TrueCar (NASDAQ:TRUE) Stock

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.

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TRUE Stock News Headlines

September 30, 2022 | finance.yahoo.com

TrueCar Report Unveils Consumer Habits Amid Auto Industry Shifts

September 29, 2022 | finance.yahoo.com

TrueCar Releases Analysis of September and Third Quarter Industry Sales

September 28, 2022 | marketwatch.com

Used Car Market to show impressive growth of 5.09% CAGR during the period 2022-2027 | 112 Report Pages

September 28, 2022 | msn.com

These are the 10 most discounted new cars right now

September 21, 2022 | msn.com

TrueCar Reveals Its Picks for the 6 Best Electric Vehicles for 2022

September 20, 2022 | businesswire.com

Imply Announces Major Open Source Contribution for Apache Druid; New Financial Guarantee for Apache Druid Users - Business Wire

September 13, 2022 | finance.yahoo.com

TrueCar Survey Shows Continued Growth in Consumer Sentiment Toward Electric Vehicles

September 11, 2022 | msn.com

GR86 vs. GR Supra: Which Toyota Is a Better Daily Driver?

September 11, 2022 | msn.com

2023 Mini Electric vs. 2023 Nissan LEAF: Cheap EV Showdown

September 8, 2022 | benzinga.com

TrueCar (NASDAQ:TRUE) – A Key Inflation Pressure Is Easing: Used Car Prices From These Firms Are The Firs - Benzinga

September 7, 2022 | finance.yahoo.com

TrueCar (NASDAQ:TRUE shareholders incur further losses as stock declines 11% this week, taking five-year losses to 88% - Yahoo Finance

September 7, 2022 | finance.yahoo.com

TrueCar (NASDAQ:TRUE shareholders incur further losses as stock declines 11% this week, taking five-year losses to 88%

September 6, 2022 | msn.com

Tesla US Sales Up 105% Year-Over-Year Doubling Market Share In August

August 30, 2022 | finance.yahoo.com

TrueCar Releases Analysis of August Industry Sales

August 30, 2022 | finance.yahoo.com

TrueCar says August sales suggest auto industry may be 'turning the corner'

August 18, 2022 | cars.usnews.com

Which States Have the Best New Car Deals? - U.S. News & World Report

August 8, 2022 | forbes.com

What This Founder Is Doing To Foster Inclusive Conversations And Psychological Safety In The Workplace

August 3, 2022 | benzinga.com

TrueCar to Participate in Upcoming Investor Conference - Benzinga

August 3, 2022 | fool.com

TrueCar (TRUE) Q2 2022 Earnings Call Transcript - The Motley Fool

August 3, 2022 | finance.yahoo.com

TrueCar (TRUE) Q2 2022 Earnings Call Transcript

August 3, 2022 | seekingalpha.com

TrueCar GAAP EPS of -$0.12 beats by $0.04, revenue of $42.3M misses by $1.33M (NASDAQ:TRUE) - Seeking Alpha

August 3, 2022 | finance.yahoo.com

TrueCar Releases Second Quarter 2022 Financial Results and Stockholder Letter - Yahoo Finance

August 2, 2022 | streetinsider.com

TrueCar Releases Second Quarter 2022 Financial Results and Stockholder Letter - StreetInsider.com

August 2, 2022 | finance.yahoo.com

TrueCar Releases Second Quarter 2022 Financial Results and Stockholder Letter

August 2, 2022 | seekingalpha.com

TrueCar Q2 2022 Earnings Preview - Seeking Alpha

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30 days | 90 days | 365 days | Advanced Chart

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TRUE Company Calendar

Last Earnings: 8/02/2022
Today: 10/01/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:TRUE
CUSIP: N/A
CIK: 1327318
Web: www.truecar.com
Phone: (800) 200-2000
Fax: N/A
Employees: 428
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $4.00
High Stock Price Forecast: $6.00
Low Stock Price Forecast: $2.25
Forecasted Upside/Downside: +164.9%
Consensus Rating: Hold
Rating Score (0-4): 2.17
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.48)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-38,330,000.00
Net Margins: -24.68%
Pretax Margin: -26.15%
Return on Equity: -14.19%
Return on Assets: -12.00%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 7.19
Quick Ratio: 7.19

Sales & Book Value

Annual Sales: $231.70 million
Price / Sales: 0.59
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.44 per share
Price / Book: 0.44

Miscellaneous

Outstanding Shares: 90,630,000
Free Float: 87,273,000
Market Cap: $136.85 million
Optionable: Optionable
Beta: 1.07

Key Executives

Mr. Michael D. Darrow (Age 64)
Pres, CEO & Director
Comp: $600.24k

Mr. Jantoon E. Reigersman (Age 40)
Exec. VP, COO & CFO
Comp: $454.88k

Mr. Jeffrey J. Swart (Age 54)
Exec. VP, Sec. & Gen. Counsel
Comp: $410.59k

Mr. Elias Rokos
Chief Technology Officer

Ms. Zaineb Bokhari
VP of Investor Relations

Shadee Malekafzali
Sr. Director of PR

Ms. Jill Angel
Chief People Officer.

Mr. Victor Anthony Perry III (Age 68)
Advisor

Mr. Paul Edmonds
Sr. VP of Dealer Marketing & Operations

Mr. David Green
Sr. VP of Major Accounts

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TRUE Stock - Frequently Asked Questions

Should I buy or sell TrueCar stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TrueCar in the last twelve months. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
What is TrueCar's stock price forecast for 2022?: 6 Wall Street analysts have issued 1 year target prices for TrueCar's stock. Their TRUE share price forecasts range from $2.25 to $6.00. On average, they expect the company's stock price to reach $4.00 in the next year. This suggests a possible upside of 164.9% 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 2022?: TrueCar's stock was trading at $3.40 on January 1st, 2022. Since then, TRUE stock has decreased by 55.6% and is now trading at $1.51.
View the best growth stocks for 2022 here.
When is TrueCar's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our TRUE earnings forecast.
How were TrueCar's earnings last quarter?: TrueCar, Inc. (NASDAQ:TRUE) released its earnings results on Tuesday, August, 2nd. The technology company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.03. The technology company earned $42.28 million during the quarter, compared to analyst estimates of $44.20 million. TrueCar had a negative trailing twelve-month return on equity of 14.19% and a negative net margin of 24.68%.
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 $1.51.
How much money does TrueCar make?: TrueCar (NASDAQ:TRUE) has a market capitalization of $136.85 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 ($0.48) 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 10/1/2022 by MarketBeat.com Staff

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TrueCar - TRUE Stock Forecast, Price & News

TrueCar MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month