TrueCar - TRUE Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TrueCar in the last year. There are currently 5 hold ratings and 1 buy rating 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.
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6 brokers have issued 12 month price targets for TrueCar's stock. Their TRUE share price forecasts range from $3.50 to $6.00. On average, they predict the company's stock price to reach $4.31 in the next year. This suggests a possible upside of 71.1% from the stock's current price.
View analysts price targets for TRUE or view top-rated stocks among Wall Street analysts.

TrueCar's stock was trading at $3.40 on January 1st, 2022. Since then, TRUE stock has decreased by 25.9% and is now trading at $2.52.
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TrueCar saw a decrease in short interest in July. As of July 15th, there was short interest totaling 2,130,000 shares, a decrease of 17.8% from the June 30th total of 2,590,000 shares. Based on an average daily trading volume, of 557,200 shares, the short-interest ratio is currently 3.8 days. Approximately 3.0% of the company's shares are short sold.
View TrueCar's Short Interest.

TrueCar is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our TRUE earnings forecast.

TrueCar, Inc. (NASDAQ:TRUE) posted its quarterly earnings data on Thursday, May, 6th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.04. The technology company had revenue of $65.10 million for the quarter, compared to analyst estimates of $61.57 million. TrueCar had a negative trailing twelve-month return on equity of 13.77% and a negative net margin of 24.68%. The business's revenue was down 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS.

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.

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).

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

TrueCar's stock is owned by a number of retail and institutional investors. Top institutional investors include Connor Clark & Lunn Investment Management Ltd. (0.31%), Russell Investments Group Ltd. (0.18%), Assenagon Asset Management S.A. (0.18%), Commonwealth Equity Services LLC (0.10%), Walleye Trading LLC (0.00%) and Counterpoint Mutual Funds LLC (0.04%). Insiders that own company stock include Charles C Thomas, Dennis H Nelson, Jeff Swart, John W Mendel, Michael Darrow, Robert Buce and Simon Edward Smith.
View institutional ownership trends.

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.
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One share of TRUE stock can currently be purchased for approximately $2.52.

TrueCar (NASDAQ:TRUE) has a market capitalization of $235.84 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.

TrueCar employs 428 workers across the globe.

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.