4 Analysts Assess TrueCar: What You Need To Know

Across the recent three months, 4 analysts have shared their insights on TrueCar TRUE, expressing a variety of opinions spanning from bullish to bearish.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

The 12-month price targets, analyzed by analysts, offer insights with an average target of $4.62, a high estimate of $5.00, and a low estimate of $4.00. Observing a 8.45% increase, the current average has risen from the previous average price target of $4.26.

Investigating Analyst Ratings: An Elaborate Study

The standing of TrueCar among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to TrueCar. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of TrueCar compared to the broader market.
• Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of TrueCar's stock. This examination reveals shifts in analysts' expectations over time.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of TrueCar's market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on TrueCar analyst ratings.

If you are interested in following small-cap stock news and performance you can start by tracking it here.

Get to Know TrueCar Better

TrueCar Inc is a data-driven online platform operating on common technology infrastructure, powered by proprietary data and analytics. It also customizes and operates its platform for affinity group marketing partners, including financial institutions like PenFed and American Express; membership-based organizations like Consumer Reports, AARP, Sam's Club, and AAA; and employee buying programs for large enterprises such as IBM and Walmart. TrueCar enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar Certified Dealers.

Breaking Down TrueCar's Financial Performance

Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.

Revenue Growth: Over the 3 months period, TrueCar showcased positive performance, achieving a revenue growth rate of 13.12% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.

Net Margin: TrueCar's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -12.53%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): TrueCar's ROE stands out, surpassing industry averages. With an impressive ROE of -4.29%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): TrueCar's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -3.33% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: TrueCar's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.09.

How Are Analyst Ratings Determined?

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

Which Stocks Are Analysts Recommending Now?

Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.

This article was generated by Benzinga's automated content engine and reviewed by an editor.