TrueCar (TRUE) Stock Price, News & Analysis

Company Overview

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. The company also offers forecast and consulting services regarding determination of the residual value of an automobile at given future points in time, which are used to underwrite automotive loans and leases, and by financial institutions to measure exposure and risk across loan, lease, and fleet portfolios. In addition, it provides TrueCar Trade, which gives consumers information on the value of their trade-in vehicles and enables them to obtain a guaranteed trade-in price before setting foot in the dealership; and DealerScience that provides dealers with advanced digital retailing software tools. The company was formerly known as Zag.com Inc. The company was incorporated in 2005 and is headquartered in Santa Monica, California.

Key Stats

• Today's Range: $3.88 to $3.97
• 50-Day Range: $3.13 to $4.37
• 52-Week Range: $2.51 to $4.53
• Volume: 127,449 shs
• Average Volume: 355,503 shs
• Market Capitalization: $340.88 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.56
• Consensus Rating: Moderate Buy

TrueCar Stock Analysis - MarketRank™

TrueCar scored higher than 38% of companies evaluated by MarketBeat, and ranked 495th out of 649 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

TrueCar has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

TrueCar has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for TrueCar are expected to grow in the coming year, from ($0.30) to ($0.20) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of TrueCar is -13.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of TrueCar is -13.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

TrueCar has a P/B Ratio of 2.67. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.27% of the float of TrueCar has been sold short.

Short Interest Ratio / Days to Cover

TrueCar has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in TrueCar has recently increased by 7.51%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

TrueCar does not currently pay a dividend.

Dividend Growth

TrueCar does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.27% of the float of TrueCar has been sold short.

Short Interest Ratio / Days to Cover

TrueCar has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in TrueCar has recently increased by 7.51%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.22

News Sentiment

TrueCar has a news sentiment score of 0.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for TrueCar this week, compared to 3 articles on an average week.

Search Interest

1 people have searched for TRUE on MarketBeat in the last 30 days.

MarketBeat Follows

1 people have added TrueCar to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, TrueCar insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $56,400.00 in company stock.

Percentage Held by Insiders

Only 3.30% of the stock of TrueCar is held by insiders.

Percentage Held by Institutions

79.44% of the stock of TrueCar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TRUE Stock Analysis - Frequently Asked Questions

How have TRUE shares performed this year?

TrueCar's stock was trading at $3.46 at the beginning of the year. Since then, TRUE stock has increased by 13.3% and is now trading at $3.92.
View the best growth stocks for 2024 here.

How were TrueCar's earnings last quarter?

TrueCar, Inc. (NASDAQ:TRUE) issued its quarterly earnings data on Wednesday, November, 6th. The technology company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.03. The technology company had revenue of $46.54 million for the quarter, compared to analyst estimates of $45.82 million. TrueCar had a negative net margin of 15.88% and a negative trailing twelve-month return on equity of 14.33%.

Who are TrueCar's major shareholders?

TrueCar's top institutional investors include Geode Capital Management LLC (2.25%), State Street Corp (2.06%), FMR LLC (0.44%) and Jacobs Levy Equity Management Inc. (0.41%). Insiders that own company stock include Jeff Swart, Christopher W Claus and Brendan L Harrington.
View institutional ownership trends.

How do I buy shares of TrueCar?

Shares of TRUE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of TrueCar own?

Based on aggregate information from My MarketBeat watchlists, some other companies that TrueCar investors own include Meta Platforms (META), JPMorgan Chase & Co. (JPM), Home Depot (HD), Tesla (TSLA), International Business Machines (IBM), Walmart (WMT) and Chevron (CVX).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/18/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Computer programming, data processing, & other computer related
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:TRUE
• CUSIP: N/A
• CIK: 1327318
• Web: www.truecar.com
• Phone: (800) 200-2000
• Fax: N/A
• Employees: 440
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.56
• High Stock Price Target: $6.00
• Low Stock Price Target: $3.75
• Potential Upside/Downside: +16.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.29)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-49,770,000.00
• Net Margins: -15.88%
• Pretax Margin: -15.87%
• Return on Equity: -14.33%
• Return on Assets: -11.26%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.69
• Quick Ratio: 4.69

Sales & Book Value

• Annual Sales: $158.71 million
• Price / Sales: 2.15
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.76 per share
• Price / Book: 2.23

Miscellaneous

• Outstanding Shares: 86,960,000
• Free Float: 84,088,000
• Market Cap: $340.88 million
• Optionable: Optionable
• Beta: 1.83