Analysts expect TrueCar, Inc. (NASDAQ:TRUE) to post $0.01 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for TrueCar’s earnings, with estimates ranging from $0.00 to $0.04. TrueCar reported earnings per share of ($0.01) during the same quarter last year, which would indicate a positive year-over-year growth rate of 200%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 15th.
On average, analysts expect that TrueCar will report full year earnings of $0.02 per share for the current fiscal year, with EPS estimates ranging from ($0.02) to $0.06. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.17 per share, with EPS estimates ranging from $0.06 to $0.24. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for TrueCar.
TRUE has been the topic of a number of research analyst reports. B. Riley reissued a “buy” rating and issued a $21.00 price target on shares of TrueCar in a report on Saturday, August 26th. Goldman Sachs Group reissued a “neutral” rating and set a $17.00 price target on shares of TrueCar in a research report on Wednesday, October 11th. 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 report on Thursday, August 10th. Zacks Investment Research raised TrueCar from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Cowen reissued a “hold” rating and set a $15.00 price target on shares of TrueCar in a research report on Thursday, August 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. TrueCar has a consensus rating of “Hold” and an average target price of $17.44.
Large investors have recently bought and sold shares of the stock. Caledonia Private Investments Pty Ltd lifted its stake in shares of TrueCar by 158.6% in the second quarter. Caledonia Private Investments Pty Ltd now owns 11,972,257 shares of the technology company’s stock valued at $238,607,000 after buying an additional 7,342,518 shares in the last quarter. Steadfast Capital Management LP bought a new position in shares of TrueCar in the second quarter valued at approximately $56,303,000. Ontario Teachers Pension Plan Board purchased a new position in TrueCar during the 2nd quarter valued at $49,825,000. Wasatch Advisors Inc. lifted its position in TrueCar by 812.5% in the third quarter. Wasatch Advisors Inc. now owns 2,405,517 shares of the technology company’s stock worth $37,983,000 after buying an additional 2,141,897 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in TrueCar by 43.9% in the second quarter. Vanguard Group Inc. now owns 6,574,867 shares of the technology company’s stock worth $131,037,000 after buying an additional 2,004,642 shares during the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.
TrueCar (NASDAQ:TRUE) opened at $12.19 on Friday. TrueCar has a 12 month low of $10.16 and a 12 month high of $21.75. The company has a debt-to-equity ratio of 0.09, a quick ratio of 6.31 and a current ratio of 6.31.
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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