TrueCar (TRUE) Projected to Post Quarterly Earnings on Tuesday

TrueCar (NASDAQ:TRUE) is anticipated to post its quarterly earnings results after the market closes on Tuesday, February 18th. Analysts expect TrueCar to post earnings of ($0.06) per share and revenue of $47.30 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

TrueCar Trading Up 2.4 %

NASDAQ TRUE opened at $3.41 on Tuesday. The firm’s fifty day simple moving average is $3.75 and its two-hundred day simple moving average is $3.57. The firm has a market capitalization of $296.53 million, a P/E ratio of -11.76 and a beta of 1.75. TrueCar has a 12-month low of $2.56 and a 12-month high of $4.62.

Analysts Set New Price Targets

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

TrueCar Company Profile

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.