Q3 Earnings Estimate for TrueCar Issued By B. Riley

TrueCar, Inc. (NASDAQ:TRUE - Free Report) - Investment analysts at B. Riley issued their Q3 2025 earnings per share estimates for TrueCar in a research note issued on Tuesday, October 29th. B. Riley analyst N. Khan anticipates that the technology company will earn ($0.05) per share for the quarter. The consensus estimate for TrueCar's current full-year earnings is ($0.29) per share. B. Riley also issued estimates for TrueCar's FY2028 earnings at ($0.04) EPS.

Other research analysts have also issued reports about the company. Lake Street Capital started coverage on TrueCar in a research report on Monday, October 7th. They issued a "buy" rating and a $6.00 target price on the stock. Needham & Company LLC reduced their price target on shares of TrueCar from $4.00 to $3.75 and set a "buy" rating on the stock in a research report on Tuesday, August 6th. Finally, BTIG Research increased their price objective on shares of TrueCar from $3.75 to $4.50 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd.

TrueCar Price Performance

TRUE stock traded up $0.14 on Wednesday, hitting $3.99. 921,044 shares of the company were exchanged, compared to its average volume of 229,677. The stock has a market capitalization of $365.38 million, a price-to-earnings ratio of -9.65 and a beta of 1.85. The business's fifty day moving average is $3.30 and its two-hundred day moving average is $3.13. TrueCar has a twelve month low of $1.77 and a twelve month high of $4.22.

TrueCar (NASDAQ:TRUE - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The technology company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02). TrueCar had a negative net margin of 17.63% and a negative return on equity of 14.10%. The company had revenue of $41.80 million for the quarter, compared to analyst estimates of $43.38 million.

Institutional Trading of TrueCar

Institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC bought a new stake in shares of TrueCar in the 1st quarter worth about $43,000. SG Americas Securities LLC lifted its holdings in TrueCar by 126.5% during the 3rd quarter. SG Americas Securities LLC now owns 34,644 shares of the technology company's stock worth $120,000 after buying an additional 19,349 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of TrueCar in the 1st quarter worth approximately $152,000. Assenagon Asset Management S.A. bought a new stake in shares of TrueCar in the 2nd quarter valued at approximately $210,000. Finally, BNP Paribas Financial Markets lifted its stake in TrueCar by 35.4% during the first quarter. BNP Paribas Financial Markets now owns 70,820 shares of the technology company's stock worth $240,000 after purchasing an additional 18,501 shares during the last quarter. 79.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Jeff Swart sold 20,000 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $2.82, for a total transaction of $56,400.00. Following the completion of the sale, the executive vice president now directly owns 390,600 shares in the company, valued at $1,101,492. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.30% of the stock is currently owned by insiders.

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.