Brokerages expect that TrueCar, Inc. (NASDAQ:TRUE) will announce earnings of $0.02 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for TrueCar’s earnings. The highest EPS estimate is $0.04 and the lowest is $0.01. TrueCar posted earnings of ($0.01) per share during the same quarter last year, which would indicate a positive year over year growth rate of 300%. The company is scheduled to issue its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that TrueCar will report full year earnings of $0.04 per share for the current year, with EPS estimates ranging from $0.01 to $0.08. For the next year, analysts expect that the business will post earnings of $0.20 per share, with EPS estimates ranging from $0.09 to $0.26. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow TrueCar.

TrueCar (NASDAQ:TRUE) last announced its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. TrueCar had a negative return on equity of 11.00% and a negative net margin of 9.86%. The firm had revenue of $81.82 million for the quarter, compared to the consensus estimate of $80.75 million. During the same quarter last year, the business posted ($0.05) earnings per share. The firm’s revenue was up 23.2% compared to the same quarter last year.

A number of equities research analysts have commented on the company. B. Riley reiterated a “buy” rating and set a $21.00 target price on shares of TrueCar in a report on Saturday, August 26th. Morgan Stanley reissued an “underweight” rating and set a $13.00 price target (up previously from $12.00) on shares of TrueCar in a research note on Thursday, July 20th. Royal Bank Of Canada reissued an “outperform” rating and set a $23.00 price target (up previously from $22.00) on shares of TrueCar in a research note on Thursday, August 10th. Cowen and Company reissued a “hold” rating and set a $15.00 price target on shares of TrueCar in a research note on Thursday, August 17th. Finally, Zacks Investment Research lowered TrueCar from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. TrueCar currently has a consensus rating of “Buy” and a consensus price target of $18.56.

In related news, Director John Krafcik sold 10,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $16.50, for a total value of $165,000.00. Following the transaction, the director now directly owns 61,678 shares of the company’s stock, valued at approximately $1,017,687. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ion Yadigaroglu sold 52,369 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $16.38, for a total value of $857,804.22. Following the completion of the transaction, the director now directly owns 19,539 shares in the company, valued at $320,048.82. The disclosure for this sale can be found here. Insiders sold a total of 1,993,801 shares of company stock worth $36,878,556 over the last ninety days. Corporate insiders own 15.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in TRUE. Teachers Advisors LLC raised its position in TrueCar by 5.7% in the fourth quarter. Teachers Advisors LLC now owns 92,822 shares of the technology company’s stock valued at $1,160,000 after purchasing an additional 5,030 shares during the period. Russell Investments Group Ltd. raised its position in TrueCar by 351.6% in the first quarter. Russell Investments Group Ltd. now owns 703,307 shares of the technology company’s stock valued at $10,880,000 after purchasing an additional 547,586 shares during the period. State Board of Administration of Florida Retirement System raised its position in TrueCar by 12.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 92,172 shares of the technology company’s stock valued at $1,426,000 after purchasing an additional 9,936 shares during the period. Bank of New York Mellon Corp raised its position in TrueCar by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 341,422 shares of the technology company’s stock valued at $5,282,000 after purchasing an additional 14,439 shares during the period. Finally, Swiss National Bank raised its position in TrueCar by 3.3% in the first quarter. Swiss National Bank now owns 77,500 shares of the technology company’s stock valued at $1,199,000 after purchasing an additional 2,500 shares during the period. 91.71% of the stock is currently owned by institutional investors.

TrueCar (TRUE) opened at 16.72 on Friday. The company’s 50-day moving average price is $17.17 and its 200-day moving average price is $17.24. The stock’s market cap is $1.65 billion. TrueCar has a 12 month low of $8.23 and a 12 month high of $21.75.

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About TrueCar

TrueCar, Inc is an Internet-based information, technology, and communication services company. The Company has a data-driven online platform, which features market data and analytics. The Company-branded platform is available on its TrueCar Website and mobile applications. It customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for a range of enterprises.

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