TrueCar (TRUE) Scheduled to Post Earnings on Monday

TrueCar (NASDAQ:TRUE) is scheduled to be posting its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect TrueCar to post earnings of ($0.04) per share for the quarter. TrueCar has set its Q1 2024 guidance at EPS.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 Tuesday, February 20th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.05. TrueCar had a negative return on equity of 24.27% and a negative net margin of 31.36%. The firm had revenue of $41.29 million for the quarter, compared to analyst estimates of $41.50 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

NASDAQ:TRUE opened at $2.88 on Friday. TrueCar has a 52-week low of $1.76 and a 52-week high of $4.05. The firm has a market cap of $263.72 million, a price-to-earnings ratio of -5.14 and a beta of 1.65. The business’s fifty day moving average is $3.30 and its 200 day moving average is $3.06.

Insider Buying and Selling at TrueCar

In other news, EVP Jeff Swart sold 15,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $3.45, for a total value of $51,750.00. Following the completion of the transaction, the executive vice president now owns 325,044 shares in the company, valued at $1,121,401.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a “buy” rating and set a $4.50 price objective on shares of TrueCar in a report on Wednesday, February 21st.

TrueCar Company Profile

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.