Equities research analysts predict that TrueCar Inc (NASDAQ:TRUE) will post earnings of ($0.01) per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for TrueCar’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.00. TrueCar posted earnings per share of $0.01 in the same quarter last year, which would suggest a negative year over year growth rate of 200%. The company is scheduled to announce its next earnings results on Tuesday, May 14th.

On average, analysts expect that TrueCar will report full year earnings of $0.13 per share for the current financial year, with EPS estimates ranging from $0.11 to $0.16. For the next year, analysts expect that the company will post earnings of $0.19 per share, with EPS estimates ranging from $0.15 to $0.24. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover TrueCar.

TrueCar (NASDAQ:TRUE) last released its quarterly earnings data on Thursday, February 14th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.02). TrueCar had a negative return on equity of 7.85% and a negative net margin of 8.01%. The firm had revenue of $91.10 million for the quarter, compared to analyst estimates of $96.03 million. During the same quarter in the previous year, the business posted $0.05 earnings per share. TrueCar’s revenue for the quarter was up 9.6% on a year-over-year basis.

Several research analysts have weighed in on TRUE shares. BTIG Research lowered shares of TrueCar from a “buy” rating to a “neutral” rating and set a $9.05 target price for the company. in a research note on Friday, December 21st. Citigroup started coverage on shares of TrueCar in a research note on Friday, December 7th. They set a “neutral” rating and a $11.50 target price for the company. Craig Hallum lowered shares of TrueCar from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a research note on Friday, February 15th. Benchmark lowered their target price on shares of TrueCar from $16.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, February 15th. Finally, Royal Bank of Canada lowered shares of TrueCar from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $12.00 to $9.00 in a research note on Friday, February 15th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.78.

In other news, EVP Robert Mcclung sold 7,669 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $9.63, for a total value of $73,852.47. Following the completion of the transaction, the executive vice president now owns 123,992 shares of the company’s stock, valued at $1,194,042.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 9,003 shares of company stock valued at $86,230. 5.60% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc boosted its stake in shares of TrueCar by 4.4% in the third quarter. Vanguard Group Inc now owns 6,955,065 shares of the technology company’s stock valued at $98,066,000 after purchasing an additional 295,455 shares during the period. Vanguard Group Inc. boosted its stake in shares of TrueCar by 4.4% in the third quarter. Vanguard Group Inc. now owns 6,955,065 shares of the technology company’s stock valued at $98,066,000 after purchasing an additional 295,455 shares during the period. BlackRock Inc. boosted its stake in shares of TrueCar by 1.1% in the fourth quarter. BlackRock Inc. now owns 6,318,080 shares of the technology company’s stock valued at $57,241,000 after purchasing an additional 71,172 shares during the period. Ontario Teachers Pension Plan Board boosted its stake in shares of TrueCar by 11.4% in the third quarter. Ontario Teachers Pension Plan Board now owns 5,850,000 shares of the technology company’s stock valued at $82,485,000 after purchasing an additional 600,000 shares during the period. Finally, 683 Capital Management LLC boosted its stake in shares of TrueCar by 2.2% in the fourth quarter. 683 Capital Management LLC now owns 3,458,358 shares of the technology company’s stock valued at $31,333,000 after purchasing an additional 75,000 shares during the period. 95.29% of the stock is owned by institutional investors and hedge funds.

Shares of TRUE stock opened at $6.93 on Tuesday. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 0.07. The stock has a market cap of $726.84 million, a price-to-earnings ratio of -26.65 and a beta of 2.10. TrueCar has a 1-year low of $6.75 and a 1-year high of $14.55.

TrueCar Company Profile

TrueCar, Inc engages in the operation of data-driven online platform which provides dealers and automakers with automobile information. It provides pricing transparency about what other people paid for their cars. The company products include Used Cars for Sale, Sell My Car, Local Pricing, and Lease a Car.

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Earnings History and Estimates for TrueCar (NASDAQ:TRUE)

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