TrueCar (NASDAQ:TRUE - Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.
TrueCar (NASDAQ:TRUE - Get Free Report) last released its earnings results on Monday, August 5th. The technology company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The business had revenue of $41.80 million for the quarter, compared to analysts' expectations of $43.38 million. TrueCar had a negative return on equity of 14.10% and a negative net margin of 17.63%. On average, analysts expect TrueCar to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
TrueCar Trading Up 3.6 %
TRUE traded up $0.14 during midday trading on Wednesday, hitting $3.99. The company's stock had a trading volume of 921,044 shares, compared to its average volume of 229,677. The firm has a 50-day moving average price of $3.30 and a two-hundred day moving average price of $3.13. TrueCar has a 52-week low of $1.77 and a 52-week high of $4.22. The firm has a market cap of $365.38 million, a P/E ratio of -9.65 and a beta of 1.85.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on TRUE shares. BTIG Research lifted their price target on shares of TrueCar from $3.75 to $4.50 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Needham & Company LLC cut their price objective on shares of TrueCar from $4.00 to $3.75 and set a "buy" rating on the stock in a report on Tuesday, August 6th. Finally, Lake Street Capital assumed coverage on TrueCar in a research report on Monday, October 7th. They set a "buy" rating and a $6.00 target price on the stock.
Get Our Latest Report on TRUE
Insider Transactions at TrueCar
In related news, EVP Jeff Swart sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $2.82, for a total transaction of $56,400.00. Following the sale, the executive vice president now owns 390,600 shares of the company's stock, valued at $1,101,492. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.30% of the company's stock.
TrueCar Company Profile
(
Get Free Report)
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.
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