TrueCar (NASDAQ:TRUE) Issues Earnings Results, Misses Expectations By $0.01 EPS

TrueCar (NASDAQ:TRUE) issued its quarterly earnings results on Tuesday. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01), Zacks reports. TrueCar had a negative net margin of 15.88% and a negative return on equity of 14.33%.

TrueCar Price Performance

Shares of TRUE traded down $0.08 during trading hours on Tuesday, hitting $3.26. The stock had a trading volume of 830,583 shares, compared to its average volume of 241,231. TrueCar has a 52 week low of $2.56 and a 52 week high of $4.62. The stock has a market capitalization of $283.49 million, a price-to-earnings ratio of -11.24 and a beta of 1.75. The company’s fifty day moving average is $3.63 and its two-hundred day moving average is $3.56.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TRUE shares. StockNews.com upgraded TrueCar from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. B. Riley increased their price objective on shares of TrueCar from $3.30 to $4.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Needham & Company LLC reiterated a “buy” rating and set a $5.00 target price on shares of TrueCar in a research report on Wednesday, January 15th. Finally, BTIG Research raised their price target on shares of TrueCar from $3.75 to $4.50 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $4.88.

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.