3-May-2024
Analysts Conflicted on These Communication Services Names: TrueCar (TRUE) and BCE (BCE)
TipRanks (Thu, 2-May 8:34 AM ET)
Buy Rating for TrueCar Amidst Positive Industry Position and Strategic Growth Initiatives
TipRanks (Tue, 30-Apr 1:05 PM ET)
TrueCar GAAP EPS of -$0.06 misses by $0.01, revenue of $41.05M beats by $0.06M
Seeking Alpha News (Tue, 30-Apr 12:53 AM ET)
TrueCar Releases First Quarter 2024 Financial Results and Stockholder Letter
PRNewswire (Mon, 29-Apr 4:05 PM ET)
TrueCar to Announce First Quarter 2024 Financial Results in Stockholder Letter on April 29
PRNewswire (Tue, 16-Apr 9:00 AM ET)
PRNewswire (Mon, 8-Apr 5:55 PM ET)
TrueCar Releases Fourth Quarter 2023 Financial Results and Stockholder Letter
PRNewswire (Tue, 20-Feb 4:03 PM ET)
TrueCar to Announce Fourth Quarter 2023 Financial Results in Stockholder Letter on February 20
PRNewswire (Wed, 7-Feb 9:00 AM ET)
TrueCar Inc is a data-driven online platform operating on common technology infrastructure, powered by proprietary data and analytics. It also customizes and operates its platform for affinity group marketing partners, including financial institutions like PenFed and American Express; membership-based organizations like Consumer Reports, AARP, Sam's Club, and AAA; and employee buying programs for large enterprises such as IBM and Walmart. TrueCar enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar Certified Dealers.
Truecar trades on the NASDAQ stock market under the symbol TRUE.
As of May 3, 2024, TRUE stock price declined to $2.85 with 70,360 million shares trading.
TRUE has a beta of 2.61, meaning it tends to be more sensitive to market movements. TRUE has a correlation of 0.35 to the broad based SPY ETF.
TRUE has a market cap of $259.83 million. This is considered a Small Cap stock.
Last quarter Truecar reported $41 million in Revenue and -$.06 earnings per share. This beat revenue expectation by $32,000 and missed earnings estimates by -$.04.
In the last 3 years, TRUE stock traded as high as $6.22 and as low as $1.30.
The top ETF exchange traded funds that TRUE belongs to (by Net Assets): VTI, IWM, VXF, IWN, DFAT.
TRUE has underperformed the market in the last year with a price return of +11.3% while the SPY ETF gained +27.0%. TRUE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -23.8% and -2.1%, respectively, while the SPY returned +3.7% and +3.3%, respectively.
TRUE support price is $2.78 and resistance is $2.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TRUE stock will trade within this expected range on the day.