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NASDAQ: TRUE

How to Buy Truecar Stock

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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, 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.

How to Buy Truecar Stock

Wondering how to invest in Truecar stock? Here's how.
  1. 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.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found. It's the best place to buy TRUE stock.
  3. Deposit money your investment account: Select your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

Our recommended brokerage: eToro

We believe that eToro is the best stock brokerage. eToro gives you:

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  • 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.
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Get $10 towards your share purchase by opening an account with eToro today.

Open eToro Account

Step 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

  1. Click here to get started.
  2. Input your personal info to start a new brokerage account.
  1. Send your data by hitting the "Create Account" button.
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Step 3: Deposit money your investment account

Watch the video below to see the process of depositing money into your investment account.

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Step 4: Research Truecar stock

It's crucial to research stocks before you buy, so you actually wrap your head around the risk and upside.

Truecar stock at a glance

TRUE Price
$2.80
1w %
11.55%
1y %
-14.11%
5y %
-76.8%
P/E
-2.22x
P/B
1.14x
P/S
1.49x
PEG
N/A
Revenue
$170.72M
Earnings
-$116.34M
Fore. Rev. Growth
12.42%
Fore. Earn. Growth
N/A
Market Cap
$246.72M
Next Earnings
N/A
Next Dividend
N/A

Truecar Fundamentals

WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on TRUE's stock page.

Is TRUE stock properly valued?

Investors use many financial metrics, analyses, models, and charts to gauge TRUE's true value.

Using relative valuations measures:

  • TRUE could be undervalued based on its P/B ratio of 1.14x, relative to Internet Content & Information industry P/B ratio of 3.91x

You can do more valuation analysis on TRUE's stock here.

TRUE Financial Overview

Positive Health Checks:

  • There are more short-term assets than short-term liabilities on the TRUE balance sheet.
  • TRUE has $192.98M in cash and short term investments. This is enough to cover its annual cash burn of $32.98M.
  • TRUE has a low debt to equity ratio of 0.26.
  • There are more short-term assets than long-term liabilities on the TRUE balance sheet.
  • TRUE has cash burn of 32980000. It has sufficient cash and short-term investments to cover this for at least one year.

Negative Health Checks:

  • Total TRUE debt is higher than 5 years ago, relative to shareholder equity.
  • TRUE profit margin has gone down from 25.8% to -68.1% in the past year.

Is it a good time to buy TRUE stock, according to analysts?

Out of 7 sell side analysts who research TRUE, the consensus analyst rating on Truecar is a Buy

Should I buy or sell TRUE stock?

Based on 7 analysts offering ratings for Truecar Inc.
Buy
Strong Buy
3 analysts 42.86%
Buy
0 analysts 0%
Hold
4 analysts 57.14%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Most Recent TRUE Analyst Forecasts

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.

Metrics for Advanced TRUE Traders

SMA10
2.58
SMA20
2.37
SMA50
1.87
SMA100
2.09
SMA200
2.71
MACD
0.23
MACD Signal
0.22
MACD Histogram
0.01
RSI
67.61
Stochastic %K
75.68
Stochastic %D
69.06
StochRSI %K
53.42
StochRSI %D
49.9

Is TRUE Growing Revenue?

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.

Latest Insiders Trades at TRUE

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.

Can I get consistent income from TRUE stock?

No, Truecar doesn't provide an income stream by paying out dividends.

What others are saying about TRUE

One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to see what other investors have to say.

Step 5: Place your TRUE trade

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are generally the easiest way to buy.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a particular dollar amount limit, use a limit order.

Press the Open Trade button and your broker will execute the order.

If you need more info about investing in stocks on eToro, watch the how to video below:

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Step 6: Keep an eye on your TRUE investment

Now that you own some TRUE stock, you'll want to stay up-to-date on your new investment.

Start a watchlist to get notified of the latest news about your TRUE stock.

TRUE Feed

How to Buy Stock in Truecar

To reiterate, here are the 6 steps to buy Truecar stock:

  1. Figure out where to buy Truecar stock
  2. Create a brokerage account
  3. Deposit money your investment account
  4. Research Truecar stock
  5. Place your TRUE trade
  6. Keep an eye on your TRUE investment

If you are looking for a brokerage, eToro is our recommended venue.

Get Started with eToro Today

If you would like to track your investment in Truecar, add TRUE to your watchlist below.

NASDAQ: TRUE
$2.80+0.31 (+12.45%)
Updated Dec 1, 2022
Open eToro Account
NASDAQ: TRUE
$2.80+0.31 (+12.45%)
Updated Dec 1, 2022
Open eToro Account

FAQ

How much does it cost to buy one Truecar share?

As of Dec 1, 2022, it costs $2.80 to buy one share of Truecar stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.357 shares of TRUE.

Get Started with eToro Today

Is now a good time to buy Truecar stock?

According to 7 Wall Street analysts who monitor Truecar, their consensus recommendation is to buy Truecar stock.

What is the best way to buy Truecar stock?

The best way to buy Truecar stock is within a brokerage account on eToro.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.