TrueCar (NASDAQ:TRUE) will post its quarterly earnings results after the market closes on Tuesday, November 6th. Analysts expect TrueCar to post earnings of ($0.05) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
TrueCar (NASDAQ:TRUE) last issued its earnings results on Thursday, August 9th. The technology company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $87.85 million during the quarter, compared to analyst estimates of $87.81 million. TrueCar had a negative net margin of 10.07% and a negative return on equity of 8.42%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $0.01 earnings per share. On average, analysts expect TrueCar to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of NASDAQ:TRUE opened at $11.58 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.38 and a quick ratio of 6.38. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -42.89 and a beta of 2.62. TrueCar has a twelve month low of $8.75 and a twelve month high of $16.43.
TRUE has been the subject of a number of analyst reports. DA Davidson set a $13.00 price objective on shares of TrueCar and gave the company a “hold” rating in a research report on Monday, August 13th. ValuEngine upgraded shares of TrueCar from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Finally, Zacks Investment Research lowered shares of TrueCar from a “buy” rating to a “hold” rating in a research report on Thursday, August 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $15.57.
In other news, EVP Robert Mcclung sold 7,669 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $13.51, for a total value of $103,608.19. Following the completion of the transaction, the executive vice president now directly owns 128,791 shares in the company, valued at $1,739,966.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeff Swart sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $12.00, for a total transaction of $108,000.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares of the company’s stock, valued at $1,240,392. The disclosure for this sale can be found here. Insiders sold 18,167 shares of company stock valued at $229,994 over the last 90 days. 5.60% of the stock is owned by company insiders.
An institutional investor recently raised its position in TrueCar stock. Bank of New York Mellon Corp boosted its stake in TrueCar Inc (NASDAQ:TRUE) by 10.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,505 shares of the technology company’s stock after purchasing an additional 33,943 shares during the quarter. Bank of New York Mellon Corp owned about 0.35% of TrueCar worth $3,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 95.43% of the company’s stock.
TrueCar Company Profile
TrueCar, Inc, together with its subsidiaries, 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. The company also customizes and operates its platform for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for large enterprises.
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