TrueCar (TRUE) – Investment Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of TrueCar (NASDAQ: TRUE) in the last few weeks:

• 2/28/2025 – TrueCar was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 2/21/2025 – TrueCar was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating.
• 2/20/2025 – TrueCar was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 2/19/2025 – TrueCar had its price target lowered by analysts at Needham & Company LLC from $5.00 to $4.00. They now have a “buy” rating on the stock.
• 1/15/2025 – TrueCar had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $5.00 price target on the stock.

TrueCar Price Performance

Shares of TRUE remained flat at $2.20 during trading hours on Tuesday. 276,489 shares of the stock traded hands, compared to its average volume of 315,500. The stock has a market capitalization of $191.96 million, a PE ratio of -6.47 and a beta of 1.75. The company’s 50 day moving average price is $3.32 and its two-hundred day moving average price is $3.53. TrueCar, Inc. has a fifty-two week low of $2.14 and a fifty-two week high of $4.62.

TrueCar (NASDAQ:TRUE) last issued its quarterly earnings data on Tuesday, February 18th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01). TrueCar had a negative return on equity of 17.54% and a negative net margin of 17.68%. The firm had revenue of $46.21 million for the quarter, compared to the consensus estimate of $47.30 million. On average, analysts anticipate that TrueCar, Inc. will post -0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in TrueCar during the 4th quarter worth about $930,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of TrueCar by 75.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 521,467 shares of the technology company’s stock valued at $1,945,000 after buying an additional 224,969 shares during the period. JPMorgan Chase & Co. grew its stake in TrueCar by 113.0% in the fourth quarter. JPMorgan Chase & Co. now owns 321,378 shares of the technology company’s stock valued at $1,199,000 after acquiring an additional 170,475 shares during the period. Lazard Asset Management LLC bought a new stake in TrueCar during the 4th quarter worth approximately $477,000. Finally, Millennium Management LLC bought a new stake in TrueCar in the 4th quarter valued at $420,000. 79.44% of the stock is owned by institutional investors.

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.