NASDAQ:TRUE
TrueCar Stock Forecast, Price & News
Adding TrueCar, Inc.
-0.15 (-3.16 %)
(As of 01/15/2021 12:00 AM ET)
Now: $4.59▼
MA: $4.40▼
Volume423,823 shs
Average Volume584,002 shs
Market Capitalization$477.79 million
Beta1.5
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 geographically specific 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; DealerSync, a dealer website creation and management service and a software platform that assists dealers in managing, marketing, and growing their business; and DealerScience that provides dealers with advanced digital retailing software tools. Further, the company customizes and operates its platform for financial institutions, membership-based organizations, and large enterprises. The company was formerly known as Zag.com Inc. TrueCar, Inc. was founded in 2005 and is headquartered in Santa Monica, California.
Computer And Technology Sector
481st out of 1,258 stocks
Computer Programming, Data Processing, & Other Computer Related Industry
31st out of 64 stocks
TrueCar has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.05, TrueCar has a forecasted upside of 10.0% from its current price of $4.59.
Amount of Analyst Coverage
TrueCar has only been the subject of 1 research reports in the past 90 days.
TrueCar has received 488 "outperform" votes. (Add your "outperform" vote.)
TrueCar has received 627 "underperform" votes. (Add your "underperform" vote.)
TrueCar has received 56.23% "underperform" votes from our community.
MarketBeat's community ratings are surveys of what our community members think about TrueCar and other stocks. Vote "Outperform" if you believe TRUE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TRUE will underperform the S&P 500 over the long term. You may vote once every thirty days.
TrueCar does not currently pay a dividend.
TrueCar does not have a long track record of dividend growth.
In the past three months, TrueCar insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,713.00 in company stock.
Percentage Held by Insiders
Only 4.20% of the stock of TrueCar is held by insiders.
Percentage Held by Institutions
91.83% of the stock of TrueCar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings Growth
Earnings for TrueCar are expected to decrease in the coming year, from ($0.30) to ($0.44) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TrueCar is -13.11, 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
Price to Book Value per Share Ratio
TrueCar has a P/B Ratio of 1.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Stock Exchange NASDAQ
Industry Computer programming, data processing, & other computer related
Current SymbolNASDAQ:TRUE
CIK1327318
Webwww.truecar.com
Employees709
Annual Sales$353.88 million
Book Value$3.07 per share
Price / Book1.50
EPS (Most Recent Fiscal Year)($0.39)
Net Income$-54,890,000.00
Net Margins-11.76%
Return on Equity-5.73%
Return on Assets-4.47%
Outstanding Shares104,094,000
Market Cap$477.79 million
Next Earnings Date2/18/2021 (Estimated)
OptionableOptionable
30 days | 90 days | 365 days | Advanced Chart
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TrueCar (NASDAQ:TRUE) Frequently Asked Questions
How has TrueCar's stock price been impacted by COVID-19 (Coronavirus)?
TrueCar's stock was trading at $2.42 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, TRUE stock has increased by 89.7% and is now trading at $4.59.
View which stocks have been most impacted by COVID-19.
Is TrueCar a buy right now?
8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TrueCar in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TrueCar stock.
View analyst ratings for TrueCar or view MarketBeat's top 5 stock picks.
What stocks does MarketBeat like better than TrueCar?
Wall Street analysts have given TrueCar a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but TrueCar wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
When is TrueCar's next earnings date?
TrueCar is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for TrueCar.
How were TrueCar's earnings last quarter?
TrueCar, Inc. (NASDAQ:TRUE) announced its quarterly earnings results on Thursday, November, 5th. The technology company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. The technology company earned $77.20 million during the quarter, compared to the consensus estimate of $78.69 million. TrueCar had a negative return on equity of 5.73% and a negative net margin of 11.76%. TrueCar's revenue for the quarter was down 15.2% compared to the same quarter last year.
View TrueCar's earnings history.
What price target have analysts set for TRUE?
8 analysts have issued 1 year target prices for TrueCar's stock. Their forecasts range from $3.25 to $10.00. On average, they expect TrueCar's stock price to reach $5.05 in the next year. This suggests a possible upside of 10.0% from the stock's current price.
View analysts' price targets for TrueCar or view Wall Street analyst' top-rated stocks.
Who are some of TrueCar's key competitors?
Some companies that are related to TrueCar include Internet Initiative Japan (IIJIY), Eventbrite (EB), Model N (MODN), EverQuote (EVER), GAN (GAN), HealthStream (HSTM), Qutoutiao (QTT), Sify Technologies (SIFY), Aurora Mobile (JG), KLDiscovery (KLDI), East Stone Acquisition (ESSC), Lizhi (LIZI), Alithya Group (ALYA), Synacor (SYNC) and Jianpu Technology (JT).
View all of TRUE's competitors.
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), The Boeing (BA), Gilead Sciences (GILD), General Motors (GM), Inovio Pharmaceuticals (INO) and Southwest Airlines (LUV).
Who are TrueCar's key executives?
TrueCar's management team includes the following people:
Mr. Michael D. Darrow, Pres, CEO & Director (Age 63, Pay $858.1k)
Mr. Charles C. Thomas, Principal Financial Officer, Principal Accounting Officer, Treasurer, VP & Controller (Age 37, Pay $1.19M)
Mr. Jeffrey J. Swart, Exec. VP, Sec. & Gen. Counsel (Age 53, Pay $514.88k)
Mr. Victor Anthony Perry III, Advisor (Age 67, Pay $3.55M)
Mr. Simon Edward Smith, Exec. VP of Dealer Sales & Service (Age 51, Pay $578.36k)
Ms. Kristin Slanina, Chief Operating Officer
Mr. Elias Rokos, Chief Technology Officer
Ms. Alison Sternberg, Sr. VP of Investor Relations
Shadee Malekafzali, Sr. Director of PR
Mr. John Foster, Exec. VP of People
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 Diversified Trust Co (0.01%). Company insiders that own TrueCar stock include Charles C Thomas, Michael Darrow, Robert Mcclung and Simon Edward Smith.
View institutional ownership trends for TrueCar.
Which institutional investors are buying TrueCar stock?
TRUE stock was bought by a variety of institutional investors in the last quarter, including Diversified Trust Co.
View insider buying and selling activity for TrueCar or or view top insider-buying stocks.
How do I buy shares of TrueCar?
Shares of TRUE 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.
What is TrueCar's stock price today?
One share of TRUE stock can currently be purchased for approximately $4.59.
How big of a company is TrueCar?
TrueCar has a market capitalization of $477.79 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 709 workers across the globe.
What is TrueCar's official website?
The official website for TrueCar is www.truecar.com.
How can I contact TrueCar?
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]