TrueCar (NASDAQ:TRUE) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

TrueCar (NASDAQ:TRUE) announced its quarterly earnings data on Tuesday. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01), Zacks reports. TrueCar had a negative net margin of 15.88% and a negative return on equity of 14.33%.

TrueCar Stock Performance

Shares of TrueCar stock traded down $0.08 during trading on Tuesday, reaching $3.26. The company’s stock had a trading volume of 830,583 shares, compared to its average volume of 241,231. TrueCar has a one year low of $2.56 and a one year high of $4.62. The firm has a market cap of $283.49 million, a price-to-earnings ratio of -11.24 and a beta of 1.75. The business’s fifty day moving average price is $3.63 and its 200-day moving average price is $3.56.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TRUE shares. B. Riley upped their target price on TrueCar from $3.30 to $4.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. BTIG Research raised their price objective on shares of TrueCar from $3.75 to $4.50 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded shares of TrueCar from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $5.00 price target on shares of TrueCar in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $4.88.

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.