TrueCar Inc. (TRUE): A Brand-New Opportunity for Investors

investchronicle 19

TrueCar Inc. kicked off the trading day on 10/10/19 with a price decrease of -0.48%, equivalent to -$0.01 relative change for the day. Taking a more long-term approach, TRUE had a 52-week range of $3.01 to $13.22. At the time of this article’s publishing, this stock is trading at $3.09 after starting the trading session at $3.09. At the time of writing, this stock’s 50-day Moving Average stands at $3.87, while the 200-day Moving Average of this stock is currently $6.20.

Currently, this company’s share volume is sitting at $1106306, but has maintained average daily volume of $1.35M. This stock has generated an average Year to Date volume of $1.52 million, alongside an average 20-day volume of $1.26 million. This publicly-traded company’s shares outstanding now amounts to $108.01 million, simultaneously with a float of $96.40 million. The organization now has a market capitalization sitting at $333.21 million.

TrueCar Inc.(TRUE) Ownership Data

Now let’s turn our focus to how large-scale investors are behaving with this stock. TrueCar Inc.’s current insider ownership accounts for 2.50%, in contrast to 83.50% institutional ownership. According to the most recent latest insider trade that took place on Oct 01 this organization’s EVP, Dealer Sales & Services sold 4,674 at the rate of 3.38, making the entire transaction hit 15,786 in total value, affecting insider ownership by 135,853. Preceding that transaction, on Jun 18 Company’s EVP & Chief Technology Officer sold 7,669 at a price of 5.41, making the whole transaction’s value amount to 41,455. This particular insider is now the holder of 114,075 in total.

If we take a glance at the Ownership summary of TrueCar Inc.’s stock, Institutional holders make up 83.50% of its total stock ownership. All together, they are the legal holders of 108.01M shares. If we focus on the top 3 stockholders for this publicly-traded organization, Caledonia (Private) Investments Pty Ltd. owns 18,626,859 shares, with PAR Capital Management, Inc. in 2nd place owning 10,299,504 shares and USAA Asset Management Co. in third place with total ownership of 9,054,239 shares.

TrueCar Inc. (TRUE) Earnings and Revenue Data

In the latest quarterly report that this company released, which was put into the public domain on 6/29/2019, the organization reported -$0.02 earnings per share (EPS) for the three-month period, surpassing the consensus estimate (set at $0) by -$0.02.

This company achieved a net margin of -14.25 while generating a return on equity of -15.15. TrueCar Inc.’s full-quarter revenue decreased by -4.69%, when compared against the year-ago quarter. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.

TrueCar Inc.’s EPS increase for this current 12-month fiscal period is 25.90%, and is forecasted to reach -0.03 in the upcoming year.

Additional Trading Performance Indicators

Now turning our attention to the current performance indicators for TrueCar Inc., this organization’s Quick Ratio in the last reported quarter now stands at 3.10. The company has managed to achieve an average true range (ATR) of 0.18. Alongside those, its Beta score is 1.34.

Another valuable indicator worth considering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.93 for this organization. Similarly, its price to free cash flow for trailing twelve months is now 31.43. Plus, this company’s price to book ratio for the last three-month fiscal period reported is 0.98, whereas its price to cash per share for the last quarter landed at 1.64.

In the same vein, TRUE’s Diluted EPS (Earnings per Share) trailing twelve months was posted at -0.49, a figure that is expected to reach -0.03 in the next reported quarter, and analysts expect it will be -0.03 at the market close of one year from today’s date.