TrueCar (NASDAQ:TRUE) Releases Quarterly Earnings Results

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.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Equities Focus and is the sole property of of Equities Focus. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The original version of this piece can be viewed at https://www.equitiesfocus.com/2018/03/12/truecar-true-posts-earnings-results-beats-expectations-by-0-04-eps.html.

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.

Earnings History for TrueCar (NASDAQ:TRUE)

Receive News & Ratings for TrueCar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrueCar and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply