TrueCar (NASDAQ:TRUE - Get Free Report) announced its earnings results on Tuesday. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01), Zacks reports. The firm had revenue of $46.21 million for the quarter, compared to the consensus estimate of $47.30 million. TrueCar had a negative return on equity of 17.54% and a negative net margin of 17.68%.
TrueCar Stock Down 6.4 %
Shares of NASDAQ TRUE traded down $0.17 during mid-day trading on Friday, hitting $2.50. 499,562 shares of the company traded hands, compared to its average volume of 296,887. TrueCar has a 1 year low of $2.48 and a 1 year high of $4.62. The stock has a market capitalization of $217.40 million, a price-to-earnings ratio of -7.35 and a beta of 1.75. The business has a 50 day moving average of $3.55 and a two-hundred day moving average of $3.55.
Wall Street Analyst Weigh In
TRUE has been the topic of a number of research reports. B. Riley boosted their price objective on TrueCar from $3.30 to $4.00 and gave the stock a "neutral" rating in a research note on Monday, November 11th. Needham & Company LLC dropped their price target on shares of TrueCar from $5.00 to $4.00 and set a "buy" rating on the stock in a research report on Wednesday. StockNews.com raised shares of TrueCar from a "buy" rating to a "strong-buy" rating in a report on Thursday. Finally, JPMorgan Chase & Co. cut shares of TrueCar from an "overweight" rating to a "neutral" rating in a research note on Friday. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $4.63.
View Our Latest Report on TRUE
About TrueCar
(
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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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