B. Riley Estimates TrueCar's FY2024 Earnings (NASDAQ:TRUE)

TrueCar, Inc. (NASDAQ:TRUE - Free Report) - B. Riley lifted their FY2024 earnings per share (EPS) estimates for shares of TrueCar in a report released on Tuesday, February 11th. B. Riley analyst N. Khan now anticipates that the technology company will post earnings of ($0.32) per share for the year, up from their prior forecast of ($0.33). B. Riley 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. B. Riley also issued estimates for TrueCar's Q1 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.15) EPS, FY2026 earnings at ($0.08) EPS, FY2027 earnings at ($0.02) EPS and FY2028 earnings at $0.04 EPS.

TRUE has been the subject of several other reports. StockNews.com upgraded TrueCar from a "hold" rating to a "buy" rating in a report on Tuesday, December 3rd. Needham & Company LLC restated a "buy" rating and issued a $5.00 price objective on shares of TrueCar in a report on Wednesday, January 15th. Finally, BTIG Research increased their target price on shares of TrueCar from $3.75 to $4.50 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $4.88.

TrueCar Stock Down 1.2 %

NASDAQ:TRUE traded down $0.04 during midday trading on Thursday, hitting $3.34. The stock had a trading volume of 209,675 shares, compared to its average volume of 151,094. The stock has a 50-day moving average of $3.65 and a 200 day moving average of $3.56. The company has a market capitalization of $290.45 million, a price-to-earnings ratio of -11.52 and a beta of 1.75. TrueCar has a one year low of $2.56 and a one year high of $4.62.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Intech Investment Management LLC purchased a new position in TrueCar in the third quarter valued at about $36,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of TrueCar in the 3rd quarter valued at about $43,000. R Squared Ltd purchased a new position in shares of TrueCar in the 4th quarter worth approximately $49,000. Straightline Group LLC purchased a new position in shares of TrueCar in the 4th quarter worth approximately $69,000. Finally, Occudo Quantitative Strategies LP bought a new position in shares of TrueCar during the 4th quarter worth approximately $111,000. 79.44% of the stock is owned by institutional investors.

About TrueCar

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.