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T   19.17 (+2.24%)
MU   53.68 (-0.67%)
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NASDAQ:TRUE

TrueCar - TRUE Stock Forecast, Price & News

$2.75
-0.05 (-1.79%)
(As of 12/6/2022 05:33 PM ET)
Add
Compare
Today's Range
$2.69
$2.80
50-Day Range
$1.31
$2.90
52-Week Range
$1.30
$4.09
Volume
370,145 shs
Average Volume
636,602 shs
Market Capitalization
$242.31 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.50

TrueCar MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
27.3% Upside
$3.50 Price Target
Short Interest
Healthy
3.20% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.47mentions of TrueCar in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$96,000 Bought Last Quarter
Proj. Earnings Growth
Decreasing
From ($0.62) to ($0.64) Per Share

Overall MarketRank

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

2.13 out of 5 stars

Computer And Technology Sector

336th out of 627 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

33rd out of 64 stocks

TRUE stock logo

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

TrueCar Releases Analysis of November Industry Sales
Elon Musk and Bill Gates Agree On Nuclear Energy?
From Elon Musk to Bill Gates to politicians on both sides of the aisle, powerful people are now backing the expanded use of nuclear energy. They believe that safe, advanced nuclear technologies will play a vital role in our clean energy transition. Unfortunately, we're far too dependent on Russia for our uranium supply. That's why we desperately need more DOMESTIC sources of the yellow metal that fuels nuclear reactors.
Brokerages Set TrueCar, Inc. (NASDAQ:TRUE) Price Target at $3.50
DA Davidson Raises TrueCar (NASDAQ:TRUE) Price Target to $2.75
Elon Musk and Bill Gates Agree On Nuclear Energy?
From Elon Musk to Bill Gates to politicians on both sides of the aisle, powerful people are now backing the expanded use of nuclear energy. They believe that safe, advanced nuclear technologies will play a vital role in our clean energy transition. Unfortunately, we're far too dependent on Russia for our uranium supply. That's why we desperately need more DOMESTIC sources of the yellow metal that fuels nuclear reactors.
TrueCar (TRUE) Reports Q3 Loss, Lags Revenue Estimates
TrueCar Releases Analysis of October Industry Sales
Limoneira Company Announces Change to Board of Directors
TrueCar+ Launches Accessories Menu
See More Headlines
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TRUE Company Calendar

Last Earnings
5/06/2021
Today
12/06/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/28/2023

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:TRUE
Fax
N/A
Employees
428
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$3.50
High Stock Price Forecast
$6.00
Low Stock Price Forecast
$1.50
Forecasted Upside/Downside
+27.3%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$-38,330,000.00
Pretax Margin
-69.69%

Debt

Sales & Book Value

Annual Sales
$231.70 million
Book Value
$3.44 per share

Miscellaneous

Free Float
84,853,000
Market Cap
$242.31 million
Optionable
Optionable
Beta
1.37

Key Executives

  • Mr. Michael D. DarrowMr. 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













TRUE Stock - Frequently Asked Questions

Should I buy or sell TrueCar stock right now?

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.

What is TrueCar's stock price forecast for 2023?

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.

How have TRUE shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting TrueCar?

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
.

When is TrueCar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our TRUE earnings forecast
.

How were TrueCar's earnings last quarter?

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.

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."

Who are TrueCar's major shareholders?

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
.

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 $2.80.

How much money does TrueCar make?

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.

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 12/6/2022 by MarketBeat.com Staff