Brokerages expect that TrueCar, Inc. (NASDAQ:TRUE) will report ($0.08) earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for TrueCar’s earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at ($0.07). TrueCar reported earnings per share of ($0.12) during the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The firm is expected to issue its next quarterly earnings results on Tuesday, August 8th.

On average, analysts expect that TrueCar will report full-year earnings of ($0.30) per share for the current year, with EPS estimates ranging from ($0.31) to ($0.28). For the next fiscal year, analysts forecast that the company will report earnings of ($0.07) per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow TrueCar.

TRUE has been the topic of several research analyst reports. Craig Hallum raised their target price on shares of TrueCar from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Royal Bank Of Canada reissued a “buy” rating and issued a $22.00 target price on shares of TrueCar in a research report on Friday, August 4th. B. Riley reissued a “buy” rating and issued a $21.50 target price on shares of TrueCar in a research report on Tuesday, May 2nd. Zacks Investment Research cut shares of TrueCar from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Cowen and Company raised their target price on shares of TrueCar from $13.00 to $15.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $18.44.

TrueCar (NASDAQ TRUE) opened at 16.73 on Thursday. TrueCar has a 12-month low of $8.09 and a 12-month high of $21.75. The firm has a 50-day moving average of $19.66 and a 200 day moving average of $16.67. The firm’s market capitalization is $1.55 billion.

In other TrueCar news, SVP John Pierantoni sold 55,895 shares of TrueCar stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $19.81, for a total transaction of $1,107,279.95. Following the transaction, the senior vice president now directly owns 125,767 shares of the company’s stock, valued at $2,491,444.27. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jeff Swart sold 34,863 shares of TrueCar stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $19.82, for a total transaction of $690,984.66. Following the transaction, the executive vice president now directly owns 99,084 shares in the company, valued at $1,963,844.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,513,149 shares of company stock worth $28,870,907. 17.30% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Mercantile Trust Co. acquired a new position in shares of TrueCar during the first quarter worth $141,000. BNP Paribas Arbitrage SA boosted its position in TrueCar by 648.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,937 shares of the technology company’s stock worth $158,000 after buying an additional 6,876 shares during the last quarter. Sei Investments Co. purchased a new position in TrueCar during the first quarter worth approximately $167,000. North Star Investment Management Corp. purchased a new position in TrueCar during the second quarter worth approximately $179,000. Finally, SG Americas Securities LLC purchased a new position in TrueCar during the first quarter worth approximately $190,000. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: “Zacks: Analysts Anticipate TrueCar, Inc. (NASDAQ:TRUE) to Announce -$0.08 EPS” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/zacks-analysts-anticipate-truecar-inc-nasdaqtrue-to-announce-0-08-eps/1466965.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.

Get a free copy of the Zacks research report on TrueCar (TRUE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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