TrueCar (TRUE) Set to Announce Quarterly Earnings on Monday

TrueCar (NASDAQ:TRUE) is scheduled to be announcing its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. TrueCar has set its Q1 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

TrueCar (NASDAQ:TRUE) last posted its quarterly earnings data on Tuesday, February 20th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. The business had revenue of $41.29 million during the quarter, compared to the consensus estimate of $41.50 million. TrueCar had a negative return on equity of 24.27% and a negative net margin of 31.36%. On average, analysts expect TrueCar to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TrueCar Stock Performance

NASDAQ:TRUE opened at $2.88 on Friday. The company has a market cap of $263.72 million, a PE ratio of -5.14 and a beta of 1.65. TrueCar has a 52-week low of $1.76 and a 52-week high of $4.05. The stock has a 50-day simple moving average of $3.30 and a 200 day simple moving average of $3.06.

Insider Activity at TrueCar

In related news, EVP Jeff Swart sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $3.25, for a total transaction of $48,750.00. Following the completion of the transaction, the executive vice president now directly owns 355,044 shares of the company’s stock, valued at $1,153,893. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a “buy” rating and set a $4.50 price objective on shares of TrueCar in a report on Wednesday, February 21st.

About TrueCar

TrueCar, Inc operates as an internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar website and mobile applications. Its platform enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar certified dealers.