TrueCar (NASDAQ:TRUE) released its quarterly earnings data on Thursday, February 15th. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04, Bloomberg Earnings reports. TrueCar had a negative net margin of 10.16% and a negative return on equity of 8.70%. The business had revenue of $83.13 million during the quarter, compared to the consensus estimate of $81.72 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The business’s revenue was up 12.2% on a year-over-year basis.
TrueCar (NASDAQ:TRUE) traded down $0.08 during trading hours on Monday, reaching $11.02. 173,947 shares of the company’s stock traded hands, compared to its average volume of 1,921,349. The firm has a market cap of $1,116.20, a price-to-earnings ratio of -31.71 and a beta of 2.52. TrueCar has a 12 month low of $10.16 and a 12 month high of $21.75. The company has a quick ratio of 6.41, a current ratio of 6.41 and a debt-to-equity ratio of 0.09.
In other TrueCar news, EVP Neeraj Gunsagar sold 10,443 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $11.28, for a total transaction of $117,797.04. Following the completion of the transaction, the executive vice president now owns 254,144 shares in the company, valued at approximately $2,866,744.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Pierantoni sold 2,494 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $11.29, for a total transaction of $28,157.26. Following the completion of the transaction, the senior vice president now owns 57,513 shares of the company’s stock, valued at approximately $649,321.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,670 shares of company stock worth $177,654. 15.50% of the stock is owned by insiders.
TRUE has been the subject of several recent analyst reports. Stephens set a $18.00 target price on shares of TrueCar and gave the company a “buy” rating in a research note on Friday, February 16th. B. Riley reaffirmed a “buy” rating and issued a $18.00 price target on shares of TrueCar in a report on Wednesday, January 24th. Zacks Investment Research raised shares of TrueCar from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, ValuEngine cut shares of TrueCar from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.56.
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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