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.
Truecar stock last closed at $2.80, up 12.45% from the previous day, and has decreased 14.11% in one year. It has overperformed other stocks in the Internet Content & Information industry by 0.4 percentage points. Truecar stock is currently +115.38% from its 52-week low of $1.30, and -31.46% from its 52-week high of $4.09.
There are currently 88.11M TRUE shares outstanding. The market cap of TRUE is $246.72M. In the past 24 hours, 872,466 TRUE shares were traded.
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Now that you've chosen the best brokerage, the next step is to fill out some personal details so you are able to invest in TRUE stock today.
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It's crucial to research stocks before you buy, so you actually wrap your head around the risk and upside.
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You can see all of the due diligence checks on TRUE's stock page.
Investors use many financial metrics, analyses, models, and charts to gauge TRUE's true value.
Using relative valuations measures:
You can do more valuation analysis on TRUE's stock here.
Out of 7 sell side analysts who research TRUE, the consensus analyst rating on Truecar is a Buy
Marvin Fong, a top 40% analyst from BTIG upgrades TRUE to a strong buy rating and announces their TRUE price target of $3.00, on Nov 9, 2022.
Rajat Gupta, a top 10% analyst from JP Morgan upgrades TRUE to a strong buy rating, on Oct 31, 2022.
Gupta upgraded TrueCar, Inc. from Strong Sell to Strong Buy without assigning a price target ahead of the release of the company's Q3 2022 earnings report on 2022/11/07.
Recovering new vehicle supply and inventory should provide some cyclical support for the stock's "not demanding" valuation, the analyst said.
Further, the company's liquidity risks are limited, Gupta added.
However, the analyst cautioned that he continues to see TrueCar's long-term fundamentals as unfavorable.
He cited "industry consolidation and an increased shift in dealer advertising spend to proprietary platforms" for his negative view.
"The long-term success of TrueCar hinges on TrueCar+ investments bearing fruit, but it is too early to assess the initiative, still in its initial roll-out phase, Gupta concluded.
Yahoo Finance reports that the current consensus estimate for TrueCar's Q3 is a loss per share of $0.11 which, if achieved, would represent a 450% decline from Q3 2021's loss of $0.02.
Tom White, a bottom 1% analyst from DA Davidson maintains TRUE with a hold rating and lowers their TRUE price target from $3.50 to $3.25, on May 11, 2022.
Steven Dyer, a bottom 8% analyst from Craig-Hallum downgrades TRUE to a hold rating and lowers their TRUE price target from $6.00 to $3.50, on Feb 24, 2022.
Daniel Kurnos, a top 10% analyst from Benchmark maintains TRUE with a strong buy rating and lowers their TRUE price target from $7.00 to $6.00, on Feb 24, 2022.
You can dive deeper into what analysts are projecting on the Truecar stock forecast page.
Last year, TRUE revenue was $170.72M. During the past 5 year, TRUE's revenue has grown by -11.48% per year. This was slower than the Internet Content & Information industry average of 25.5%.
Dig into TRUE's earnings and revenue performance here.
Over the past 12 months, insiders at TRUE have sold more shares than they have bought.
Christopher W. Claus, Director of TRUE, was the latest TRUE insider to buy. They bought $96,000.00 worth of TRUE stock on Nov 15, 2022.
Get more info about who owns TRUE stock here.
No, Truecar doesn't provide an income stream by paying out dividends.
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