TrueCar, Inc. (NASDAQ:TRUE) is scheduled to release its Q416 earnings data on Thursday, February 16th. Analysts expect TrueCar to post earnings of ($0.05) per share and revenue of $71.31 million for the quarter.
Shares of TrueCar, Inc. (NASDAQ:TRUE) opened at 13.23 on Wednesday. The firm’s market cap is $1.13 billion. The firm has a 50-day moving average of $12.96 and a 200-day moving average of $11.13. TrueCar, Inc. has a 52 week low of $4.42 and a 52 week high of $13.91.
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In other news, EVP Brian Skutta sold 4,081 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $12.81, for a total value of $52,277.61. Following the completion of the sale, the executive vice president now owns 98,438 shares in the company, valued at approximately $1,260,990.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Buce sold 40,100 shares of the company’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $12.61, for a total transaction of $505,661.00. Following the completion of the sale, the director now owns 295,305 shares of the company’s stock, valued at approximately $3,723,796.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,950 shares of company stock valued at $644,343. Company insiders own 17.30% of the company’s stock.
A number of research firms recently issued reports on TRUE. B. Riley reiterated a “buy” rating and set a $14.00 target price on shares of TrueCar in a research report on Saturday, October 29th. JMP Securities reiterated a “hold” rating on shares of TrueCar in a research report on Sunday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. TrueCar currently has an average rating of “Buy” and an average target price of $12.17.
TrueCar, Inc offers a diverse software ecosystem for buying cars. The Company’s software ecosystem is based on a common technology infrastructure, and powered by data and analytics. The Company operates its platform on the TrueCar Website and its branded mobile experience. It customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for enterprises.
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