TRUE Stock - TrueCar, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $175.60M | $158.71M | $161.52M | $231.70M | $278.68M |
| Gross Profit | $149.21M | $142.85M | $145.31M | $209.46M | $257.13M |
| Gross Margin | 85.0% | 90.0% | 90.0% | 90.4% | 92.3% |
| Operating Income | $-37,180,000 | $-56,467,000 | $-125,695,000 | $-33,478,000 | $-18,516,000 |
| Net Income | $-31,048,000 | $-49,766,000 | $-118,685,000 | $-38,329,000 | $76.54M |
| Net Margin | -17.7% | -31.4% | -73.5% | -16.5% | 27.5% |
| EPS | $-0.34 | $-0.55 | $-1.30 | $-0.40 | $0.72 |
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 accurate, geographically specific, and real-time pricing information for consumers and dealers; 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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 7th 2025 | Needham | Downgrade | Hold | - |
| May 6th 2025 | Lake Street | Downgrade | Hold | - |
| March 27th 2025 | JP Morgan | Downgrade | Underweight | - |
| February 21st 2025 | JP Morgan | Downgrade | Neutral | - |
| October 7th 2024 | Lake Street | Initiation | Buy | $6 |
| August 7th 2024 | BTIG Research | Upgrade | Buy | $3.75 |
| September 27th 2023 | BTIG Research | Downgrade | Neutral | - |
| July 20th 2023 | B. Riley Securities | Initiation | Neutral | $3 |
| March 14th 2023 | Needham | Upgrade | Buy | $3.5 |
| November 9th 2022 | BTIG Research | Upgrade | Buy | $3 |
| October 31st 2022 | JP Morgan | Upgrade | Overweight | - |
Earnings History & Surprises
TRUEEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 17, 2026 | $-0.02 | — | — | — |
Q4 2025 | Nov 5, 2025 | $-0.02 | $-0.01 | +50.0% | ✓ BEAT |
Q3 2025 | Aug 6, 2025 | $-0.06 | $-0.05 | +16.7% | ✓ BEAT |
Q2 2025 | May 5, 2025 | $-0.09 | $-0.09 | 0.0% | = MET |
Q1 2025 | Feb 18, 2025 | $-0.06 | $-0.04 | +33.3% | ✓ BEAT |
Q4 2024 | Nov 7, 2024 | $-0.06 | $-0.03 | +50.0% | ✓ BEAT |
Q3 2024 | Aug 5, 2024 | $-0.04 | $-0.06 | -50.0% | ✗ MISS |
Q2 2024 | Apr 29, 2024 | $-0.03 | $-0.04 | -33.3% | ✗ MISS |
Q1 2024 | Feb 20, 2024 | $-0.01 | $-0.01 | -70.1% | ✗ MISS |
Q4 2023 | Nov 6, 2023 | $-0.07 | $-0.05 | +28.6% | ✓ BEAT |
Q3 2023 | Jul 31, 2023 | $-0.13 | $-0.12 | +7.7% | ✓ BEAT |
Q2 2023 | May 8, 2023 | $-0.15 | $-0.16 | -6.7% | ✗ MISS |
Q1 2023 | Feb 22, 2023 | $-0.14 | $-0.17 | -21.4% | ✗ MISS |
Q4 2022 | Nov 7, 2022 | $-0.11 | $-0.15 | -36.4% | ✗ MISS |
Q3 2022 | Aug 2, 2022 | $-0.12 | $-0.07 | +41.7% | ✓ BEAT |
Q2 2022 | May 9, 2022 | $-0.10 | $-0.08 | +20.0% | ✓ BEAT |
Q1 2022 | Feb 22, 2022 | $-0.04 | $-0.12 | -226.6% | ✗ MISS |
Q4 2021 | Nov 3, 2021 | $-0.01 | $-0.02 | -49.3% | ✗ MISS |
Q3 2021 | Aug 5, 2021 | $-0.04 | $-0.07 | -100.0% | ✗ MISS |
Latest News
CORRECTION: TrueCar Q3 Adj. EPS $(0.07) Misses $(0.06) Estimate, Sales $43.207M Miss $48.100M Estimate
📉 NegativeTrueCar Q3 EPS $0.06 Beats $(0.06) Estimate, Sales $43.207M Miss $48.100M Estimate
➖ NeutralBTIG Downgrades TrueCar to Neutral
📉 NegativeLake Street Maintains Hold on TrueCar, Raises Price Target to $2.55
➖ NeutralJP Morgan Upgrades TrueCar to Neutral
➖ NeutralTrueCar shares are trading higher after the company signed an agreement to be taken private by Fair Holdings in an all-cash deal at $2.55 per share.
📈 PositiveTrading Halt: Halt status updated at 8:55:00 AM ET: Quotation Resumption: News and Resumption Times
➖ NeutralTrueCar To Be Acquired For $227M In Cash, Or $2.55/Share By Fair Holdings
📈 PositiveTrading Halt: Halted at 8:40:00 a.m. ET - Trading Halt: Halt News Pending
➖ NeutralNeedham Downgrades TrueCar to Hold
📉 NegativeFrequently Asked Questions about TRUE
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