FY2029 Earnings Estimate for TrueCar Issued By B. Riley

TrueCar, Inc. (NASDAQ:TRUE - Free Report) - Research analysts at B. Riley issued their FY2029 earnings per share (EPS) estimates for TrueCar in a note issued to investors on Tuesday, February 11th. B. Riley analyst N. Khan expects that the technology company will earn $0.09 per share for the year. B. Riley currently has a "Neutral" rating and a $4.00 price target on the stock. The consensus estimate for TrueCar's current full-year earnings is ($0.30) per share.

A number of other research analysts have also commented on the company. Needham & Company LLC restated a "buy" rating and issued a $5.00 target price on shares of TrueCar in a research note on Wednesday, January 15th. StockNews.com upgraded TrueCar from a "hold" rating to a "buy" rating in a research note on Tuesday, December 3rd. Finally, BTIG Research upped their target price on TrueCar from $3.75 to $4.50 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, TrueCar presently has a consensus rating of "Moderate Buy" and an average target price of $4.88.

TrueCar Price Performance

Shares of NASDAQ TRUE traded down $0.04 during trading hours on Wednesday, reaching $3.34. The stock had a trading volume of 209,675 shares, compared to its average volume of 151,094. The business's fifty day moving average is $3.66 and its two-hundred day moving average is $3.56. The company has a market cap of $290.45 million, a price-to-earnings ratio of -11.52 and a beta of 1.75. TrueCar has a twelve month low of $2.56 and a twelve month high of $4.62.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. SkyView Investment Advisors LLC raised its position in shares of TrueCar by 1.8% during the third quarter. SkyView Investment Advisors LLC now owns 203,695 shares of the technology company's stock worth $703,000 after purchasing an additional 3,510 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of TrueCar by 3.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 143,749 shares of the technology company's stock worth $537,000 after purchasing an additional 5,089 shares during the period. BNP Paribas Financial Markets raised its position in shares of TrueCar by 15.2% during the third quarter. BNP Paribas Financial Markets now owns 60,942 shares of the technology company's stock worth $210,000 after purchasing an additional 8,027 shares during the period. Intech Investment Management LLC acquired a new stake in shares of TrueCar during the third quarter worth about $36,000. Finally, Wells Fargo & Company MN raised its position in TrueCar by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 50,275 shares of the technology company's stock valued at $188,000 after buying an additional 10,950 shares during the last quarter. 79.44% of the stock is currently owned by institutional investors and hedge funds.

TrueCar Company Profile

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.