TRUE - TrueCar Inc Stock Price, Fair Value and News

3.01USD+0.14 (+4.88%)Market Closed

Market Summary

USD3.01+0.14

Market Closed

4.88%

TRUE Alerts

Big jump in Earnings (Y/Y)

Losses in recent quarter

TRUE Stock Price

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TRUE RSI Chart

TRUE Valuation

Market Cap

275.9M

Price/Earnings (Trailing)

-7.65

Price/Sales (Trailing)

1.7

EV/EBITDA

-7.93

Price/Free Cashflow

-14.69

TRUE Price/Sales (Trailing)

TRUE Profitability

EBT Margin

-22.14%

Return on Equity

-23.1%

Return on Assets

-18.63%

Free Cashflow Yield

-6.81%

TRUE Fundamentals

TRUE Revenue

Revenue (TTM)

162.8M

Rev. Growth (Yr)

11.01%

Rev. Growth (Qtr)

-0.57%

TRUE Earnings

Earnings (TTM)

-36.0M

Earnings Growth (Yr)

70.11%

Earnings Growth (Qtr)

-207.47%

Breaking Down TRUE Revenue

Last 7 days

7.9%

Last 30 days

4.9%

Last 90 days

-19.5%

Trailing 12 Months

27.5%

How does TRUE drawdown profile look like?

TRUE Financial Health

Current Ratio

5.8

TRUE Investor Care

Shares Dilution (1Y)

2.77%

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	162.8M	0	0	0
2023	155.0M	152.0M	154.1M	158.7M
2022	210.1M	186.6M	170.7M	161.5M
2021	264.9M	272.1M	249.8M	231.7M
2020	333.0M	303.5M	295.0M	278.7M
2019	339.6M	339.8M	332.0M	339.7M
2018	328.5M	334.5M	345.6M	335.1M
2017	291.4M	306.8M	314.1M	323.1M
2016	263.1M	264.3M	267.0M	277.5M
2015	221.3M	236.1M	251.7M	259.8M
2014	152.8M	172.1M	191.3M	206.6M
2013	93.4M	106.9M	120.4M	134.0M
2012	0	0	0	79.9M
2011	0	0	0	76.3M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of TrueCar Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 30, 2024	stankey john t	acquired	19,389	16.89	1,147	ceo & president
Apr 30, 2024	sabrina sanders s	acquired	3,722	16.89	220	svp-chiefactngofcr&controller
Apr 30, 2024	arroyo f. thaddeus	acquired	20,181	16.89	1,194	chief strategy & dev officer
Apr 30, 2024	desroches pascal	acquired	93,617	16.89	5,542	sr. exec vp and cfo
Apr 30, 2024	mcelfresh jeffery s.	acquired	50,746	16.89	3,004	chief operating officer
Apr 30, 2024	lee lori m	acquired	6,887	16.89	407	global mktg ofr & sevp hr&intl
Apr 24, 2024	lee lori m	gifted	-	-	32,783	global mktg ofr & sevp hr&intl
Apr 24, 2024	lee lori m	gifted	-	-	-32,783	global mktg ofr & sevp hr&intl
Apr 15, 2024	reigersman jantoon	sold (taxes)	-17,506	2.93	-5,975	president and ceo
Apr 15, 2024	foley oliver	sold (taxes)	-9,528	2.93	-3,252	chief financial officer

Which funds bought or sold TRUE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.93	-20,484	30,520	-%
May 16, 2024	SkyView Investment Advisors, LLC	new	-	503,000	503,000	0.09%
May 16, 2024	COMERICA BANK	reduced	-30.8	-2,782	5,858	-%
May 16, 2024	JANE STREET GROUP, LLC	added	0.48	-2,127	134,699	-%
May 15, 2024	Royal Bank of Canada	reduced	-81.57	-73,000	17,000	-%
May 15, 2024	DEUTSCHE BANK AG\	added	3.33	2,015	164,652	-%
May 15, 2024	D. E. Shaw & Co., Inc.	reduced	-9.4	-385,894	3,048,020	-%
May 15, 2024	CITADEL ADVISORS LLC	added	329	179,811	235,825	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	reduced	-17.31	-135,685	579,023	-%
May 15, 2024	CANNELL CAPITAL LLC	added	5.01	812,979	29,014,200	6.23%

Are Funds Buying or Selling TRUE?

Are funds buying TRUE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TRUE

No. of Funds

Unveiling TrueCar Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	caledonia (private) investments pty ltd	20.23%	18,365,289	SC 13G/A
Feb 13, 2024	cannell capital llc	8.98%	8,150,632	SC 13G/A
Feb 13, 2024	united services automobile association	8.8%	7,962,245	SC 13G/A
Jan 25, 2024	blackrock inc.	8.2%	7,488,229	SC 13G/A
Feb 14, 2023	par investment partners lp	0%	0	SC 13G/A
Feb 13, 2023	cannell capital llc	6.33%	5,573,332	SC 13G
Feb 03, 2023	blackrock inc.	8.1%	7,123,051	SC 13G/A
Feb 03, 2023	goldman sachs group inc	3.6%	3,187,869	SC 13G/A
Nov 14, 2022	autonation, inc.	6.1%	5,370,000	SC 13G
Feb 14, 2022	par investment partners lp	8.9%	8,507,156	SC 13G/A

Recent SEC filings of TrueCar Inc

View All Filings

Date Filed	Form Type	Document
May 15, 2024	4	Insider Trading
May 15, 2024	4	Insider Trading
May 15, 2024	4	Insider Trading
May 06, 2024	10-Q	Quarterly Report
Apr 29, 2024	8-K	Current Report
Apr 15, 2024	4	Insider Trading
Apr 15, 2024	4	Insider Trading
Apr 12, 2024	8-K	Current Report
Apr 08, 2024	ARS	ARS
Apr 08, 2024	DEF 14A	DEF 14A

Peers (Alternatives to TrueCar Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GOOG	2.2T	318.1B	13.03%	43.56%	26.64	6.9	11.78%	40.66%
META	1.2T	142.7B	-4.49%	91.20%	26.25	8.42	21.62%	113.38%
DASH	47.6B	9.1B	-10.24%	75.45%	-113.44	5.23	27.24%	69.09%
SNAP	27.2B	4.8B	47.25%	65.63%	-20.91	5.64	6.28%	7.14%
MID-CAP
MTCH	8.3B	3.4B	-3.25%	-2.47%	12.69	2.41	8.17%	118.00%
YELP	2.5B	1.4B	-5.84%	11.26%	21.95	1.85	10.42%	217.33%
SMALL-CAP
GETY	1.6B	903.2M	-0.26%	-	51.82	1.72	-2.98%	130.10%
EVER	838.3M	269.8M	28.88%	194.77%	-17.89	3.11	-33.01%	-120.68%
GRPN	662.7M	516.4M	71.55%	287.07%	-17.2	1.28	-8.99%	83.38%
SCOR	67.6M	366.6M	-5.16%	-24.02%	-0.94	0.18	-1.99%	-8.78%
IZEA	45.8M	34.4M	10.67%	-9.09%	-5.86	1.33	-15.91%	-62.70%
DGLY	8.9M	26.1M	45.21%	-6.74%	-0.38	0.34	-24.21%	-29.51%

TrueCar Inc News

Latest updates

TrueCar Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-0.6%	41,052,000	41,287,000	41,146,000	39,293,000	36,980,000	36,664,000	39,052,000	42,275,000	43,533,000	45,861,000	54,966,000	65,766,000	65,105,000	63,960,000	77,247,000	58,554,000	78,917,000	80,244,000	85,785,000	88,075,000	85,582,000
Costs and Expenses	8.2%	48,537,000	44,860,000	50,726,000	61,440,000	58,147,000	56,135,000	117,175,000	56,243,000	57,666,000	57,197,000	61,793,000	72,446,000	73,740,000	70,727,000	67,512,000	69,420,000	89,535,000	91,035,500	94,987,000	112,759,000	100,847,000
S&GA Expenses	0.6%	22,082,000	21,951,000	23,153,000	27,180,000	26,766,000	25,999,000	25,130,000	26,324,000	27,081,000	27,665,000	31,239,000	37,476,000	40,099,000	36,549,000	36,254,000	33,032,000	46,080,000	55,215,500	57,430,000	60,233,000	54,738,000
EBITDA Margin	45.4%	-0.11	-0.20	-0.31	-0.78	-0.72	-0.65	-0.61	-0.18	-0.13	-0.09	-0.05	0.02	-	-	-	-	-	-	-	-	-
Interest Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Taxes	133.3%	7,000	3,000	1,000	7,000	6,000	88,000	-131,000	-2,574,000	57,000	11,500	-38,000	133,000	94,000	91,000	38,000	100,000	-200,000	-731,500	-300,000	100,000	101,000
Earnings Before Taxes	-207.6%	-5,841,000	-1,899,000	-7,874,000	-20,417,000	-19,559,000	-18,051,000	-77,244,000	-13,593,000	-12,357,000	-15,775,000	-7,082,000	-6,982,000	-8,324,000	-7,538,000	9,627,000	-11,312,000	-10,622,000	-11,136,500	-9,072,000	-23,991,000	-14,264,000
EBT Margin	29.4%	-0.22	-0.31	-0.43	-0.89	-0.83	-0.75	-0.70	-0.26	-0.20	-0.16	-0.12	-0.05	-	-	-	-	-	-	-	-	-
Net Income	-207.5%	-5,848,000	-1,902,000	-7,875,000	-20,424,000	-19,565,000	-18,139,000	-77,113,000	-11,019,000	-12,414,000	-13,003,000	-12,414,000	-7,283,000	-8,418,000	86,866,000	11,589,000	-11,242,000	-10,669,000	-8,813,000	-7,652,000	-24,060,000	-14,365,000
Net Income Margin	29.4%	-0.22	-0.31	-0.43	-0.89	-0.81	-0.73	-0.67	-0.26	-0.21	-0.18	0.24	0.30	-	-	-	-	-	-	-	-	-
Free Cashflow	93.7%	-511,000	-8,139,000	3,106,000	-13,234,000	-15,956,000	-12,273,000	-9,114,000	-8,586,000	-10,844,000	-4,436,000	-1,637,000	6,915,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-5.3%	194	204	212	217	230	252	272	345	363	388	405	429	442	458	398	391	401	422	449	462	434
Current Assets	-4.7%	155	163	167	167	178	198	216	227	262	270	281	302	312	325	260	229	233	240	261	269	233
Cash Equivalents	-2.4%	134	137	145	142	157	176	193	200	235	245	251	267	275	273	179	173	183	182	172	177	180
Net PPE	-5.1%	18.00	19.00	20.00	20.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	21.00	21.00	24.00	28.00	29.00	28.00	31.00	32.00	34.00
Goodwill	-	-	-	-	-	-	-	-	60.00	51.00	51.00	51.00	51.00	51.00	51.00	51.00	63.00	63.00	59.00	73.00	73.00	73.00
Liabilities	-15.0%	37.00	44.00	52.00	52.00	48.00	54.00	56.00	57.00	54.00	58.00	63.00	70.00	70.00	75.00	76.00	74.00	78.00	94.00	119	130	94.00
Current Liabilities	-7.6%	27.00	29.00	34.00	33.00	27.00	31.00	32.00	32.00	29.00	31.00	35.00	41.00	39.00	43.00	40.00	38.00	40.00	54.00	77.00	87.00	46.00
Shareholder's Equity	-2.6%	156	160	160	164	182	197	216	288	309	330	309	358	372	383	322	317	322	327	330	331	340
Retained Earnings	-1.0%	-568	-562	-560	-552	-532	-512	-494	-417	-406	-393	-378	-371	-363	-355	-442	-453	-442	-432	-423	-415	-391
Additional Paid-In Capital	0.2%	724	723	720	717	714	710	710	705	715	724	720	729	736	738	764	771	765	759	753	747	731
Shares Outstanding	0.5%	92.00	91.00	91.00	90.00	89.00	88.00	93.00	93.00	96.00	97.00	98.00	99.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	200	-	-	-	230	-	-	-	543	-	-	-	276	-	-	-	529	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	135.3%	2,049	-5,799	5,477	-9,991	-12,101	-8,925	-6,662	-6,085	-7,465	-1,803	1,009	9,509	5,479	15,423	22,005	-3,861	5,550	13,093	27.00	-357	7,581
Share Based Compensation	8.4%	2,632	2,427	3,273	3,891	4,708	4,507	5,189	4,487	3,498	4,403	4,450	5,157	6,385	5,445	5,607	6,111	5,914	6,202	6,069	15,556	8,635
Cashflow From Investing	-9.4%	-2,560	-2,340	-2,371	-3,243	-3,855	-3,348	493	-14,594	9,421	-2,633	-3,662	-2,594	4,684	111,059	-2,864	-2,789	-3,505	-3,134	-2,745	-2,500	-26,079
Cashflow From Financing	-645.6%	-2,766	-371	-37.00	-1,009	-2,914	-5,188	-533	-14,422	-12,391	-1,012	-13,755	-14,415	-8,904	-31,867	-13,528	-3,119	-724	-888	-1,384	-476	2,268
Buy Backs	-	-	-	-	-	-	4,680	-	14,075	11,028	765	11,028	11,556	7,829	30,713	11,677	-	-	-	-	-	-

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TRUE Income Statement

2024-03-31

Condensed Consolidated Statements of Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenues	$ 41,052	$ 36,980
Costs and operating expenses:
Cost of revenue (exclusive of depreciation and amortization presented separately below)	4,261	3,846
Sales and marketing	22,082	26,766
Technology and development	8,123	12,498
General and administrative	9,486	10,846
Depreciation and amortization	4,585	4,191
Total costs and operating expenses	48,537	58,147
Loss from operations	(7,485)	(21,167)
Interest income	1,644	1,608
Loss before income taxes	(5,841)	(19,559)
Provision for income taxes	7	6
Net loss	$ (5,848)	$ (19,565)
Net loss per share, basic and diluted
Continuing operations, basic (in dollars per share)	$ (0.06)	$ (0.22)
Continuing operations, diluted (in dollars per share)	$ (0.06)	$ (0.22)
Weighted average common shares outstanding, basic and diluted
Basic (in shares)	91,234	88,647
Diluted (in shares)	91,234	88,647
Other comprehensive loss:
Comprehensive loss	$ (5,848)	$ (19,565)

TRUE Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents (includes restricted cash of $1,855 at March 31, 2024 and December 31, 2023)	$ 133,687	$ 136,964
Accounts receivable, net of allowances of $965 and $1,118 at March 31, 2024 and December 31, 2023, respectively	15,106	18,264
Prepaid expenses	4,850	6,067
Other current assets	1,703	1,787
Total current assets	155,346	163,082
Property and equipment, net	17,912	18,880
Operating lease right-of-use assets	9,541	10,132
Intangible assets, net	6,773	8,375
Other assets	3,957	3,851
Total assets	193,529	204,320
Current liabilities
Accounts payable	9,174	6,875
Accrued employee expenses	2,705	6,667
Operating lease liabilities, current	3,164	3,240
Accrued expenses and other current liabilities	11,738	12,196
Total current liabilities	26,781	28,978
Operating lease liabilities, net of current portion	10,368	11,169
Other Liabilities, Noncurrent	347	3,958
Total liabilities	37,496	44,105
Commitments and contingencies (Note 5)
Stockholders’ Equity
Preferred stock — $0.0001 par value; 20,000,000 shares authorized at March 31, 2024 and December 31, 2023, respectively; no shares issued and outstanding at March 31, 2024 and December 31, 2023	0	0
Common stock — $0.0001 par value; 1,000,000,000 shares authorized at March 31, 2024 and December 31, 2023, respectively; 91,573,738 and 91,091,541 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	9	9
Additional paid-in capital	724,170	722,504
Accumulated deficit	(568,146)	(562,298)
Total stockholders’ equity	156,033	160,215
Total liabilities and stockholders’ equity	$ 193,529	$ 204,320

About TrueCar Inc

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. The company also offers forecast and consulting services regarding determination of the residual value of an automobile at given future points in time, which are used to underwrite automotive loans and leases, and by financial institutions to measure exposure and risk across loan, lease, and fleet portfolios. In addition, it provides TrueCar Trade, which gives consumers information on the value of their trade-in vehicles and enables them to obtain a guaranteed trade-in price before setting foot in the dealership; and DealerScience that provides dealers with advanced digital retailing software tools. The company was formerly known as Zag.com Inc. TrueCar, Inc. was incorporated in 2005 and is headquartered in Santa Monica, California.

CEO	Mr. Jantoon E. Reigersman
WEBSITE	truecar.com
INDUSTRY	Internet Retail
EMPLOYEES	441

TrueCar Inc Frequently Asked Questions

What is the ticker symbol for TrueCar Inc? What does TRUE stand for in stocks?

TRUE is the stock ticker symbol of TrueCar Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of TrueCar Inc (TRUE)?

As of Fri May 17 2024, market cap of TrueCar Inc is 275.92 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TRUE stock?

You can check TRUE's fair value in chart for subscribers.

What is the fair value of TRUE stock?

You can check TRUE's fair value in chart for subscribers. The fair value of TrueCar Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of TrueCar Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TRUE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is TrueCar Inc a good stock to buy?

The fair value guage provides a quick view whether TRUE is over valued or under valued. Whether TrueCar Inc is cheap or expensive depends on the assumptions which impact TrueCar Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TRUE.

What is TrueCar Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, TRUE's PE ratio (Price to Earnings) is -7.65 and Price to Sales (PS) ratio is 1.7. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TRUE PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on TrueCar Inc's stock?

In the past 10 years, TrueCar Inc has provided -0.109 (multiply by 100 for percentage) rate of return.