TrueCar (TRUE) Receives Daily Coverage Optimism Rating of 0.16

Lloyd Doyle
February 24, 2018

The company's stock had a trading volume of 1,159,100 shares, compared to its average volume of 1,827,124. It is positive, as 24 investors sold TrueCar, Inc. shares while 19 reduced holdings. Caledonia Private Investments Pty Ltd now owns 16,474,191 shares of the technology company's stock valued at $184,511,000 after purchasing an additional 233,433 shares during the period. The company was upgraded on Thursday, February 15 by Seaport Global. Caledonia Private Investments Pty Ltd increased its holdings in shares of TrueCar by 35.7% in the third quarter. Harvest Capital Strategies LLC acquired a new stake in TrueCar during the 4th quarter valued at approximately $10,686,000. Global Endowment Management LP purchased a new position in TrueCar during the fourth quarter worth $133,000.

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A number of research analysts have recently issued reports on TRUE shares. Finally, Royal Bank of Canada lowered their target price on TrueCar from $23.00 to $18.00 and set an "outperform" rating on the stock in a report on Tuesday, November 7th. (Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell). Stephens set a $18.00 price target on shares of TrueCar and gave the company a "buy" rating in a research note on Friday, February 16th. The company now has a consensus rating of "Hold" and a consensus price target of $17.56. Also, EVP Neeraj Gunsagar sold 10,443 shares of the firm's stock in a transaction that occurred on Monday, December 18th. The Hood River Capital Management Llc holds 715,942 shares with $11.31 million value, up from 658,944 last quarter. Following the completion of the transaction, the executive vice president now directly owns 254,144 shares in the company, valued at $2,866,744.32. Also, SVP John Pierantoni sold 2,494 shares of TrueCar stock in a transaction that occurred on Tuesday, January 2nd. Last trading transaction put the stock price at $11.18. Massachusetts Financial Services Company acquired 91,726 shares as Now Inc (DNOW)'s stock declined 12.97%. The disclosure for this sale can be found here. The stock has actually grown in the past week, as the company has gathered a 1.73% return in the past 5 trading days.

Shares of TrueCar Inc (TRUE) opened at $11.08 on Thursday. The company has a market cap of $1.25 Billion. TrueCar has a one year low of $10.16 and a one year high of $21.75.

The company's quick ratio for most recent quarter is 6.3 along with current ratio for most recent quarter of 6.3.

Shares of Truecar Inc Cmn (NASDAQ:TRUE) now have an Average Brokerage Recommendation of 2, number of Recs in ABR is 6 while industry rank of the company by ABR is 217 out of 265. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.04. The firm had revenue of $83.13 million for the quarter, compared to analyst estimates of $81.72 million. TrueCar had a negative net margin of 10.29% and a negative return on equity of 10.38%. For the current year the company's revenue estimates are $362.01 Million compared to low analyst estimates of $360.37 Million and high estimates of $363 Million according to the prediction of 9 analysts. During the same quarter in the previous year, the business earned ($0.01) earnings per share.

WARNING: This report was first posted by Week Herald and is the property of of Week Herald. The legal version of this piece of content can be accessed at Wasatch Advisors Inc. now owns 2,405,517 shares of the technology company's stock valued at $37,983,000 after purchasing an additional 2,141,897 shares during the period. The Company has a data-driven online platform, which features market data and analytics. The Company operates its company-branded platform on its Website. (NASDAQ:TRUE). North Star Inv Corporation owns 9,000 shares for 0.02% of their portfolio.

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