TrueCar (TRUE) Set to Announce Earnings on Wednesday

TrueCar (NASDAQ:TRUEGet Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

TrueCar (NASDAQ:TRUEGet Free Report) last issued its quarterly earnings results on Monday, August 5th. The technology company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). TrueCar had a negative return on equity of 14.10% and a negative net margin of 17.63%. The business had revenue of $41.80 million for the quarter, compared to analyst estimates of $43.38 million. On average, analysts expect TrueCar to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TrueCar Stock Performance

Shares of TRUE stock opened at $3.86 on Monday. The firm’s 50 day moving average price is $3.37 and its two-hundred day moving average price is $3.15. The stock has a market cap of $350.84 million, a PE ratio of -12.06 and a beta of 1.83. TrueCar has a 52-week low of $1.85 and a 52-week high of $4.22.

Wall Street Analysts Forecast Growth

TRUE has been the subject of a number of recent analyst reports. Needham & Company LLC dropped their price objective on TrueCar from $4.00 to $3.75 and set a “buy” rating for the company in a report on Tuesday, August 6th. Lake Street Capital initiated coverage on shares of TrueCar in a research report on Monday, October 7th. They issued a “buy” rating and a $6.00 price target on the stock. Finally, BTIG Research boosted their price objective on shares of TrueCar from $3.75 to $4.50 and gave the company a “buy” rating in a report on Tuesday, October 22nd.

Check Out Our Latest Report on TRUE

Insider Activity at TrueCar

In other TrueCar news, EVP Jeff Swart sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $2.82, for a total transaction of $56,400.00. Following the sale, the executive vice president now directly owns 390,600 shares in the company, valued at approximately $1,101,492. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.30% of the stock is owned by insiders.

About TrueCar

(Get Free Report)

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.

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Earnings History for TrueCar (NASDAQ:TRUE)

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