NASDAQ:TRUE TrueCar - TRUE Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding TrueCar, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $3.00 -0.15 (-4.76%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$2.96▼$3.1350-Day Range$2.22▼$3.2352-Week Range$1.30▼$4.09Volume395,503 shsAverage Volume373,277 shsMarket Capitalization$264.33 millionP/E RatioN/ADividend YieldN/APrice Target$3.31 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media TrueCar MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside10.4% Upside$3.31 Price TargetShort InterestHealthy2.34% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.15Based on 2 Articles This WeekInsider TradingAcquiring Shares$96,000 Bought Last QuarterProj. Earnings GrowthGrowingFrom ($0.62) to ($0.25) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.17 out of 5 starsComputer And Technology Sector262nd out of 610 stocksComputer Programming, Data Processing, & Other Computer Related Industry27th out of 61 stocks 2.3 Analyst's Opinion Consensus RatingTrueCar has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $3.31, TrueCar has a forecasted upside of 10.4% from its current price of $3.00.Amount of Analyst CoverageTrueCar has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.34% of the float of TrueCar has been sold short.Short Interest Ratio / Days to CoverTrueCar has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in TrueCar has recently decreased by 13.64%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldTrueCar does not currently pay a dividend.Dividend GrowthTrueCar does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TRUE. Previous Next 1.8 News and Social Media Coverage News SentimentTrueCar has a news sentiment score of 0.15. 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 0.44 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for TrueCar this week, compared to 2 articles on an average week.MarketBeat Follows2 people have added TrueCar to their MarketBeat watchlist in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TrueCar insiders have bought more of their company's stock than they have sold. Specifically, they have bought $96,000.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 3.70% of the stock of TrueCar is held by insiders.Percentage Held by Institutions97.53% of the stock of TrueCar is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for TrueCar are expected to grow in the coming year, from ($0.62) to ($0.25) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TrueCar is -2.38, 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. SectorThe P/E ratio of TrueCar is -2.38, 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 RatioTrueCar has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About TrueCar (NASDAQ:TRUE) StockTrueCar, Inc. engages in the operation of data-driven online platform which provides dealers and automakers with automobile information. It provides pricing transparency about what other people paid for their cars. The firm's products include Used Cars for Sale, Sell My Car, Local Pricing, and Lease a Car. The company was founded by Thomas Taira, James Nguyen, Scott Painter and Bernard Brenner in February 2005 and is headquartered in Santa Monica, CA.Read More Receive TRUE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TrueCar and its competitors with MarketBeat's FREE daily newsletter. Email Address TRUE Stock News HeadlinesFebruary 2, 2023 | msn.comCar prices could drop 20% this year. Here's where to expect the best deals firstJanuary 31, 2023 | msn.com5 Best Midsize Sedans for the Money In 2023February 5, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! January 27, 2023 | msn.com5 Best SUVs Under $30,000 From 2022January 27, 2023 | msn.comTrueCar Says This 2023 Subcompact Sedan Has the Best Gas Mileage for a Non-HybridJanuary 17, 2023 | marketwatch.comUsed-car Trading E-commerce Market by Product and Geography : Forecast and Analysis 2023 to 2029 with Top Countries DataJanuary 17, 2023 | msn.com3 Things U.S. News Doesn’t Like About the 2023 Dodge ChallengerDecember 29, 2022 | finance.yahoo.comTrueCar Releases Analysis of December Industry SalesFebruary 5, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! December 21, 2022 | msn.comHow Far Will the 2022 Tesla Model 3 Long Range Take You?December 13, 2022 | msn.comToyota RAV4 Prime vs. Ford Escape PHEV: TrueCar Decides Which Is the Better Plug-In Hybrid CrossoverNovember 30, 2022 | seekingalpha.comGM, Hyundai and Tesla are forecast to be U.S. auto market share winners in NovemberNovember 30, 2022 | finance.yahoo.comTrueCar Releases Analysis of November Industry SalesNovember 19, 2022 | finance.yahoo.comAs TrueCar, Inc. (NASDAQ:TRUE) gains 37%, insiders who bought last year may be wishing they had bet higherNovember 17, 2022 | finance.yahoo.comAutoNation (AN) Set to Spur Digital Game With Stake in TrueCarNovember 15, 2022 | finance.yahoo.comAutoNation Announces Acquisition of Minority Ownership Stake in TrueCar, a Leading Automotive Digital MarketplaceNovember 14, 2022 | finance.yahoo.comTrueCar Announces the "I Need a TrueCar" Sweepstakes To Help People Buy a CarNovember 10, 2022 | finance.yahoo.comTrueCar Honors Vietnam Marine Veteran with Brand New Retrofitted Vehicle for DrivenToDrive InitiativeNovember 7, 2022 | finance.yahoo.comTrueCar Releases Third Quarter 2022 Financial Results and Stockholder LetterNovember 7, 2022 | finance.yahoo.comTrueCar (TRUE) Reports Q3 Loss, Lags Revenue EstimatesNovember 3, 2022 | finance.yahoo.comTrueCar Expands Its Digital Automotive Marketplace, TrueCar+, to Five Additional StatesNovember 1, 2022 | finance.yahoo.comTrueCar Appoints Brendan Harrington to its Board of DirectorsOctober 28, 2022 | finance.yahoo.comTrueCar Releases Analysis of October Industry SalesOctober 27, 2022 | finance.yahoo.comLimoneira Company Announces Change to Board of DirectorsOctober 27, 2022 | msn.comHere’s Why You Should Buy a Mini Electric Over Other EVsOctober 26, 2022 | finance.yahoo.comTrueCar Launches Online Credit Application on TrueCar.com in Southern CaliforniaOctober 26, 2022 | msn.comThe Most Fuel-Efficient Convertible Is Not The Car You Would ExpectSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive TRUE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TrueCar and its competitors with MarketBeat's FREE daily newsletter. Email Address TRUE Company Calendar Last Earnings11/07/2022Today2/05/2023Next Earnings (Estimated)2/28/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Computer programming, data processing, & other computer related Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:TRUE CUSIPN/A CIK1327318 Webwww.truecar.com Phone(800) 200-2000FaxN/AEmployees428Year FoundedN/APrice Target and Rating Average Stock Price Forecast$3.31 High Stock Price Forecast$6.00 Low Stock Price Forecast$1.50 Forecasted Upside/Downside+10.4%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($1.26) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-38,330,000.00 Net Margins-68.14% Pretax Margin-69.69% Return on Equity-19.36% Return on Assets-16.17% Debt Debt-to-Equity RatioN/A Current Ratio6.78 Quick Ratio6.78 Sales & Book Value Annual Sales$231.70 million Price / Sales1.14 Cash FlowN/A Price / Cash FlowN/A Book Value$3.44 per share Price / Book0.87Miscellaneous Outstanding Shares88,110,000Free Float84,853,000Market Cap$264.33 million OptionableOptionable Beta1.38 Key ExecutivesMichael D DarrowPresident, Chief Executive Officer & DirectorJantoon E ReigersmanChief Financial & Operating OfficerElias RokosChief Technology OfficerJeffrey J. SwartSecretary, Executive VP & General CounselStanley WindhornRegional Manager & Director-Dealer PerformanceKey CompetitorsSify TechnologiesNASDAQ:SIFYBlend LabsNYSE:BLNDRumbleNASDAQ:RUMSangoma TechnologiesNASDAQ:SANGGANNASDAQ:GANView All CompetitorsInsiders & InstitutionsSimplex Trading LLCBought 372,500 shares on 2/2/2023Ownership: 0.000%Gladius Capital Management LPSold 4,069 shares on 2/2/2023Ownership: 0.016%ProShare Advisors LLCBought 11,241 shares on 2/2/2023Ownership: 0.013%Bank of Montreal CanBought 22,667 shares on 2/1/2023Ownership: 0.053%Bank of New York Mellon CorpSold 14,701 shares on 12/8/2022Ownership: 2.165%View All Insider TransactionsView All Institutional Transactions TRUE Stock - Frequently Asked Questions Should I buy or sell TrueCar stock right now? 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TrueCar in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TRUE shares. View TRUE analyst ratings or view top-rated stocks. What is TrueCar's stock price forecast for 2023? 5 brokerages have issued 12-month price targets for TrueCar's shares. Their TRUE share price forecasts range from $1.50 to $6.00. On average, they anticipate the company's share price to reach $3.31 in the next twelve months. This suggests a possible upside of 10.4% 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 2023? TrueCar's stock was trading at $2.51 at the start of the year. Since then, TRUE stock has increased by 19.5% and is now trading at $3.00. View the best growth stocks for 2023 here. 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) issued its quarterly earnings results on Monday, November, 7th. The technology company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.13) by $0.06. The technology company earned $39.05 million during the quarter, compared to the consensus estimate of $40.06 million. TrueCar had a negative net margin of 68.14% and a negative trailing twelve-month return on equity of 19.36%. 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 variety of institutional and retail investors. Top institutional shareholders include Simplex Trading LLC (0.00%), Bank of Montreal Can (0.05%), Gladius Capital Management LP (0.02%), ProShare Advisors LLC (0.01%) and Concourse Financial Group Securities Inc. (0.00%). 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 $3.00. How much money does TrueCar make? TrueCar (NASDAQ:TRUE) has a market capitalization of $264.33 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 2/5/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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