Brokerages predict that TrueCar, Inc. (NASDAQ:TRUE) will announce $81.11 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for TrueCar’s earnings, with the lowest sales estimate coming in at $80.96 million and the highest estimate coming in at $81.32 million. TrueCar posted sales of $75.76 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.1%. The firm is scheduled to announce its next earnings results on Tuesday, May 8th.
On average, analysts expect that TrueCar will report full-year sales of $81.11 million for the current fiscal year, with estimates ranging from $360.37 million to $362.83 million. For the next year, analysts anticipate that the firm will post sales of $415.92 million per share, with estimates ranging from $410.21 million to $422.73 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow TrueCar.
TrueCar (NASDAQ:TRUE) last issued its quarterly earnings results on Thursday, February 15th. The technology company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. TrueCar had a negative return on equity of 8.70% and a negative net margin of 10.16%. The company had revenue of $83.13 million during the quarter, compared to analysts’ expectations of $81.72 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. The firm’s revenue was up 12.2% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. raised its stake in shares of TrueCar by 11.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 45,407 shares of the technology company’s stock valued at $509,000 after buying an additional 4,700 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of TrueCar during the 3rd quarter valued at about $104,000. American International Group Inc. raised its stake in shares of TrueCar by 18.3% during the 3rd quarter. American International Group Inc. now owns 45,936 shares of the technology company’s stock valued at $725,000 after buying an additional 7,101 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of TrueCar by 5.0% in the 3rd quarter. California Public Employees Retirement System now owns 191,042 shares of the technology company’s stock valued at $3,017,000 after purchasing an additional 9,042 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of TrueCar by 8.0% in the 4th quarter. Teachers Advisors LLC now owns 125,229 shares of the technology company’s stock valued at $1,403,000 after purchasing an additional 9,231 shares in the last quarter. Institutional investors and hedge funds own 89.02% of the company’s stock.
TRUE traded down $0.05 on Friday, reaching $9.28. 909,475 shares of the stock were exchanged, compared to its average volume of 1,929,343. TrueCar has a fifty-two week low of $8.88 and a fifty-two week high of $21.75. The company has a debt-to-equity ratio of 0.09, a quick ratio of 6.41 and a current ratio of 6.41. The stock has a market cap of $957.32, a P/E ratio of -34.37 and a beta of 2.59.
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TrueCar Company Profile
TrueCar, Inc, together with its subsidiaries, 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. The company also customizes and operates its platform for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for large enterprises.
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