NASDAQ:TRUE - TrueCar Stock Price, Forecast & News

TrueCar trades on the NASDAQ under the ticker symbol "TRUE."

TrueCar Inc (NASDAQ:TRUE) released its earnings results on Thursday, August, 8th. The technology company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.06. The technology company had revenue of $88.08 million for the quarter, compared to the consensus estimate of $89.20 million. TrueCar had a negative net margin of 15.51% and a negative return on equity of 12.42%. TrueCar's revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 EPS. View TrueCar's Earnings History.

TrueCar is scheduled to release their next quarterly earnings announcement on Thursday, May 14th 2020. View Earnings Estimates for TrueCar.

TrueCar updated its FY 2020 After-Hours earnings guidance on Thursday, February, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $335-355 million, compared to the consensus revenue estimate of $367.46 million.

12 analysts have issued 12 month price targets for TrueCar's shares. Their forecasts range from $3.50 to $11.00. On average, they expect TrueCar's stock price to reach $5.50 in the next year. This suggests a possible upside of 108.7% from the stock's current price. View Analyst Price Targets for TrueCar.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TrueCar in the last year. There are currently 1 sell rating, 10 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for TrueCar.

Media stories about TRUE stock have trended very negative recently, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. TrueCar earned a daily sentiment score of -3.4 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for TrueCar.

TrueCar saw a increase in short interest in January. As of January 31st, there was short interest totalling 13,040,000 shares, an increase of 6.4% from the January 15th total of 12,260,000 shares. Based on an average daily trading volume, of 1,560,000 shares, the days-to-cover ratio is currently 8.4 days. Approximately 13.6% of the company's shares are short sold. View TrueCar's Current Options Chain.

Some companies that are related to TrueCar include Health Catalyst (HCAT), Model N (MODN), HealthStream (HSTM), The Rubicon Project (RUBI), Phoenix Tree (LIZI), Aurora Mobile (JG), Jianpu Technology (JT), Pintec Technology (PT), Synacor (SYNC), Sify Technologies (SIFY), Autoweb (AUTO), GigaMedia (GIGM), Lianluo Smart (MOXC), Chinanet Online (CNET) and Internap (INAP).

Based on aggregate information from My MarketBeat watchlists, some companies that other TrueCar investors own include Twitter (TWTR), Tesla (TSLA), NVIDIA (NVDA), Freeport-McMoRan (FCX), General Motors (GM), Gilead Sciences (GILD), Skyworks Solutions (SWKS), Caterpillar (CAT), Advanced Micro Devices (AMD) and GoPro (GPRO).

TrueCar's stock is owned by many different of retail and institutional investors. Top institutional investors include UBS Group AG (9.13%), Goldman Sachs Group Inc. (3.49%), Renaissance Technologies LLC (2.22%), Philadelphia Financial Management of San Francisco LLC (2.19%), State Street Corp (2.04%) and Jacobs Levy Equity Management Inc. (1.81%). Company insiders that own TrueCar stock include Jeff Swart, John Pierantoni, Neeraj Gunsagar, Robert Mcclung and Simon Edward Smith. View Institutional Ownership Trends for TrueCar.

TRUE stock was sold by a variety of institutional investors in the last quarter, including Maverick Capital Ltd., Bank of America Corp DE, Virtu Financial LLC, Citigroup Inc. and UBS Asset Management Americas Inc.. Company insiders that have sold TrueCar company stock in the last year include Robert Mcclung and Simon Edward Smith. View Insider Buying and Selling for TrueCar.

TRUE stock was purchased by a variety of institutional investors in the last quarter, including UBS Group AG, Philadelphia Financial Management of San Francisco LLC, Renaissance Technologies LLC, Cooper Creek Partners Management LLC, Goldman Sachs Group Inc., SG Americas Securities LLC, Landscape Capital Management L.L.C. and Barrow Hanley Mewhinney & Strauss LLC. View Insider Buying and Selling for 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.

One share of TRUE stock can currently be purchased for approximately $2.64.

TrueCar has a market capitalization of $280.89 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.View Additional Information About TrueCar.

The official website for TrueCar is http://www.truecar.com/.

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]