How to Buy Truecar Stock
Truecar Inc
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, down 3.78% from the previous day, and has increased 3.7% in one year. It has underperformed other stocks in the Internet Content & Information industry by 0.27 percentage points. Truecar stock is currently +59.09% from its 52-week low of $1.76, and -30.86% from its 52-week high of $4.05.
There are currently 91.17M TRUE shares outstanding. The market cap of TRUE is $255.28M. In the past 24 hours, 226,394 TRUE shares were traded.
How to Buy Truecar Stock
Wondering how to invest in Truecar stock? Here's how.
- Figure out where to buy Truecar stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you figure out where to buy Truecar stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Select your method of payment and add your information.
- Research Truecar stock: The Truecar ticker symbol is TRUE. Is Truecar stock a good investment? Should you buy shares of TRUE? How do TRUE's underlying business fundamentals look? Do top analysts think Truecar is a good buy? Why has TRUE's stock price moved recently? (Hint: Our stock research website can help you evaluate if TRUE is a good stock to buy).
- Place your TRUE trade: Decide if you will purchase TRUE shares at the current market price or use a limit order to buy TRUE shares at a specific price.
- Keep an eye on your TRUE investment: Create a watchlist to monitor your investment in Truecar stock.
Step 1: Figure out where to buy Truecar stock
You will need an online brokerage account to access the NASDAQ market and buy TRUE stock.
Our recommended brokerage: eToro
We believe that eToro is the best stock brokerage. eToro gives you:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to world markets: From Technology to Energy, New York to Hong Kong — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro has a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
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.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start a new brokerage account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have finished signing up on a investment app, you need to deposit funds:
Check out the walkthrough below to see the process of transferring funds into your investment account.
Step 4: Research Truecar stock
After you have identified the best place to buy Truecar stock, it's very important to analyze their stock prior to investing, so you can understand the risk and opportunity.
Truecar stock at a glance
TRUE Overview
WallStreetZen was built to help average investors perform more accurate fundamental analysis.
You can see all of the due diligence checks on TRUE's stock page.
Is TRUE stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge TRUE's intrinsic value.
Using relative valuations measures:
- TRUE could be undervalued based on its P/B ratio of 1.59x, relative to Internet Content & Information industry P/B ratio of 6.24x
You can do additional valuation research on TRUE's stock here.
TRUE Financial Health
Positive Health Checks:
- TRUE has $136.96M in cash and short term investments. This is enough to cover its annual cash burn of $34.22M.
- TRUE has cash burn of 34223000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the TRUE balance sheet.
- There are more short-term assets than short-term liabilities on the TRUE balance sheet.
- TRUE has a low debt to equity ratio of 0.28.
Negative Health Checks:
- TRUE profit margin has gone up by 0.42 percentage points in the past year, but the company is still unprofitable.
- Total TRUE debt is higher than 5 years ago, relative to shareholder equity.
Is TRUE stock a Buy, Hold, or Sell, according to analysts?
Out of 1 Wall Street analysts who give ratings on TRUE, the consensus analyst rating on TRUE is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Truecar stock forecast page.
TRUE Momentum
TRUE Growth Metrics
Last year, TRUE revenue was $158.71M. Over the past 5 year, TRUE's revenue has grown by -13.88% per year. This was slower than the Internet Content & Information industry average of 19.64%.
Dig into TRUE's earnings and revenue performance here.
Are TRUE executives and large shareholders buying or selling the stock?
In the last 12 months, insiders at TRUE have sold more shares than they have bought.
Oliver Foley, Chief Financial Officer of TRUE, was the latest TRUE insider to sell. They sold $9,528.36 worth of TRUE shares on Apr 15, 2024.
Learn more about who owns TRUE shares here.
Does TRUE stock generate passive income?
No, Truecar doesn't provide an income stream by paying out dividends.
What do other investors have to say about TRUE?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your TRUE trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact price limit, place a limit order.
Hit the Open Trade button and eToro will execute your order.
If you require more info about buying stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your TRUE investment
Now that you own some shares in TRUE, you'll want to keep up with your company.
Create a watchlist to get notified of important updates regarding your TRUE stock.
TRUE Feed
How to Buy Stock in Truecar
To summarize, here are the 6 steps to buy Truecar stock:
- Figure out where to buy Truecar stock
- Create a brokerage account
- Deposit money your investment account
- Research Truecar stock
- Place your TRUE trade
- Keep an eye on your TRUE investment
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Truecar, add TRUE to your watchlist below.
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