TrueCar (TRUE) Set to Announce Quarterly Earnings on Monday

TrueCar (NASDAQ:TRUE) will be releasing its earnings data 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.Persons that wish to listen to the company’s earnings conference call can do so using this link.

TrueCar (NASDAQ:TRUE) last announced its earnings results on Tuesday, February 20th. The technology company reported ($0.02) 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 company 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

TRUE stock opened at $2.88 on Friday. The stock’s 50 day simple moving average is $3.30 and its 200 day simple moving average is $3.06. TrueCar has a fifty-two week low of $1.76 and a fifty-two week high of $4.05. The company has a market cap of $263.72 million, a P/E ratio of -5.14 and a beta of 1.65.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $4.50 price target on shares of TrueCar in a research note on Wednesday, February 21st.

Insider Buying and Selling

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

About TrueCar

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.