TRUE - TrueCar Inc Stock Price, Fair Value and News

2.91USD-0.09 (-3.00%)Market Closed

Market Summary

USD2.91-0.09

Market Closed

-3.00%

TRUE Stock Price

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TRUE RSI Chart

TRUE Valuation

Market Cap

265.3M

Price/Earnings (Trailing)

-5.33

Price/Sales (Trailing)

1.67

EV/EBITDA

-4

Price/Free Cashflow

-7.75

TRUE Price/Sales (Trailing)

TRUE Profitability

EBT Margin

-31.35%

Return on Equity

-31.06%

Return on Assets

-24.36%

Free Cashflow Yield

-12.9%

TRUE Fundamentals

TRUE Revenue

Revenue (TTM)

158.7M

Rev. Growth (Yr)

12.61%

Rev. Growth (Qtr)

0.34%

TRUE Earnings

Earnings (TTM)

-49.8M

Earnings Growth (Yr)

89.51%

Earnings Growth (Qtr)

75.85%

Breaking Down TRUE Revenue

Last 7 days

6.8%

Last 30 days

-10.4%

Last 90 days

-11.5%

Trailing 12 Months

15.4%

How does TRUE drawdown profile look like?

TRUE Financial Health

Current Ratio

5.63

TRUE Investor Care

Shares Dilution (1Y)

3.09%

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
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 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
Mar 28, 2024	arroyo f. thaddeus	acquired	19,260	17.6	1,094	chief strategy & dev officer
Mar 28, 2024	mcelfresh jeffery s.	acquired	13,000	17.6	738	chief operating officer
Mar 28, 2024	desroches pascal	acquired	3,339,690	17.6	189,755	sr. exec vp and cfo
Mar 28, 2024	sabrina sanders s	acquired	42,414	17.6	2,409	svp-chiefactngofcr&controller
Mar 28, 2024	lee lori m	acquired	4,680	17.6	265	global mktg ofr & sevp hr&intl
Mar 21, 2024	reigersman jantoon	acquired	-	-	131,531	president and ceo
Mar 21, 2024	reigersman jantoon	sold (taxes)	-181,153	3.5	-51,758	president and ceo
Mar 21, 2024	swart jeff	acquired	-	-	36,828	evp, gen. counsel & secretary

Which funds bought or sold TRUE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	AMALGAMATED BANK	reduced	-60.59	-18,000	11,000	-%
Apr 23, 2024	Global Retirement Partners, LLC	unchanged	-	69.00	1,468	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	64,533	160,637	-%
Apr 05, 2024	CWM, LLC	added	0.15	-	14,000	-%
Apr 03, 2024	Versant Capital Management, Inc	unchanged	-	-9.00	420	-%
Mar 26, 2024	Fairman Group, LLC	new	-	72,996	72,996	0.07%
Mar 22, 2024	PNC FINANCIAL SERVICES GROUP, INC.	new	-	1,792	1,792	-%
Mar 11, 2024	VANGUARD GROUP INC	added	1.00	5,973,160	14,652,900	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	102	1,006,250	1,429,420	-%
Feb 28, 2024	AMERICAN INTERNATIONAL GROUP, INC.	added	1.13	62,907	154,022	-%

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
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
Apr 08, 2024	DEFA14A	DEFA14A
Mar 22, 2024	4	Insider Trading
Mar 22, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading

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	2.0T	307.4B	5.37%	49.77%	27.2	6.53	8.68%	23.05%
META	1.3T	134.9B	-2.71%	132.99%	32.49	9.42	15.69%	68.52%
DASH	49.8B	8.6B	-5.74%	116.03%	-89.27	5.77	31.17%	59.12%
SNAP	18.8B	4.6B	-	11.55%	-14.19	4.07	0.09%	7.50%
MID-CAP
MTCH	8.6B	3.4B	-11.36%	-8.09%	13.14	2.54	5.51%	81.01%
YELP	2.8B	1.3B	3.48%	37.42%	27.82	2.06	12.03%	172.85%
SMALL-CAP
GETY	1.6B	916.6M	-6.86%	-	81.89	1.75	-1.05%	125.21%
EVER	657.9M	287.9M	2.61%	134.77%	-12.83	2.29	-28.75%	-110.05%
GRPN	410.7M	514.9M	-26.93%	177.84%	-7.41	0.8	-14.05%	76.68%
SCOR	70.2M	371.3M	-1.84%	-30.88%	-0.88	0.19	-1.35%	-19.23%
IZEA	40.9M	36.2M	14.42%	3.36%	-5.57	1.13	-11.88%	-64.43%
DGLY	6.1M	28.2M	-16.54%	-36.90%	-0.23	0.22	-23.67%	-236.48%

TrueCar Inc News

Latest updates

TrueCar Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	0.3%	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	72,592,000
Costs and Expenses	-11.6%	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	83,303,000
S&GA Expenses	-5.2%	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	53,745,000
EBITDA Margin	35.1%	-0.20	-0.31	-0.78	-0.72	-0.65	-0.61	-0.18	-0.13	-0.09	-0.05	0.02	0.01	-	-	-	-	-	-	-	-	-
Interest Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	664,000
Income Taxes	200.0%	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	-1,027,000
Earnings Before Taxes	75.9%	-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	-10,828,000
EBT Margin	26.7%	-0.31	-0.43	-0.89	-0.83	-0.75	-0.70	-0.26	-0.20	-0.16	-0.12	-0.05	-0.07	-	-	-	-	-	-	-	-	-
Net Income	75.8%	-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	-6,393,000
Net Income Margin	26.8%	-0.31	-0.43	-0.89	-0.81	-0.73	-0.67	-0.26	-0.21	-0.18	0.24	0.30	0.30	-	-	-	-	-	-	-	-	-
Free Cashflow	-362.0%	-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	2,663,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-3.6%	204	212	217	230	252	272	345	363	388	405	429	442	458	398	391	401	422	449	462	434	421
Current Assets	-2.6%	163	167	167	178	198	216	227	262	270	281	302	312	325	260	229	233	240	261	269	233	255
Cash Equivalents	-5.8%	137	145	142	157	176	193	200	235	245	251	267	275	273	179	173	183	182	172	177	180	196
Net PPE	-3.4%	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	62.00
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	73.00
Liabilities	-15.3%	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	74.00
Current Liabilities	-13.9%	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	42.00
Shareholder's Equity	0.2%	160	160	164	182	197	216	288	309	330	309	358	372	383	322	317	322	327	330	331	340	347
Retained Earnings	-0.3%	-562	-560	-552	-532	-512	-494	-417	-406	-393	-378	-371	-363	-355	-442	-453	-442	-432	-423	-415	-391	-373
Additional Paid-In Capital	0.3%	723	720	717	714	710	710	705	715	724	720	729	736	738	764	771	765	759	753	747	731	720
Shares Outstanding	0.6%	91.00	91.00	90.00	89.00	88.00	93.00	93.00	96.00	97.00	98.00	99.00	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-205.9%	-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	8,850
Share Based Compensation	-25.8%	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	7,298
Cashflow From Investing	1.3%	-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	-30,102
Cashflow From Financing	-902.7%	-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	-369
Buy Backs	-	-	-	-	-	4,680	-	14,075	11,028	765	11,028	11,556	7,829	30,713	11,677	-	-	-	-	-	-	-

TRUE Income Statement

2023-12-31

Consolidated Statements of Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenues	$ 158,706	$ 161,524	$ 231,698
Costs and operating expenses:
Cost of revenue (exclusive of depreciation and amortization presented separately below)	15,856	16,213	22,239
Sales and marketing	99,050	104,534	136,479
Technology and development	42,247	46,090	41,432
General and administrative	40,321	44,087	48,747
Depreciation and amortization	17,699	16,520	16,279
Goodwill impairment	0	59,775	0
Total costs and operating expenses	215,173	287,219	265,176
Loss from operations	(56,467)	(125,695)	(33,478)
Interest income	6,718	2,565	52
Other income	0	40	667
Gain (loss) from equity method investment	0	1,845	(5,404)
Loss from continuing operations before income taxes	(49,749)	(121,245)	(38,163)
Provision for (benefit from) income taxes	17	(2,560)	206
Loss from continuing operations	(49,766)	(118,685)	(38,369)
Income from discontinued operations, net of taxes	0	0	40
Net loss	$ (49,766)	$ (118,685)	$ (38,329)
Net loss per share, basic and diluted
Continuing operations, basic (in dollars per share)	$ (0.55)	$ (1.30)	$ (0.39)
Continuing operations, diluted (in dollars per share)	(0.55)	(1.30)	(0.39)
Discontinued operations, basic (in dollars per share)	0	0	0
Discontinued operations, diluted (in dollars per share)	$ 0	$ 0	$ 0
Weighted average common shares outstanding, basic (in shares)	89,766	91,452	97,352
Weighted average common shares outstanding, diluted (in shares)	89,766	91,452	97,352
Other comprehensive loss:
Comprehensive loss	$ (49,766)	$ (118,685)	$ (38,329)

TRUE Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents (includes restricted cash of $1,855 and $0 at December 31, 2023 and 2022, respectively)	$ 136,964	$ 175,518
Accounts receivable, net of allowances of $1,118 and $1,073 at December 31, 2023 and 2022, respectively	18,264	13,786
Prepaid expenses	6,067	5,969
Other current assets	1,787	2,562
Total current assets	163,082	197,835
Property and equipment, net	18,880	18,902
Operating lease right-of-use assets	10,132	16,940
Intangible assets, net	8,375	13,969
Other assets	3,851	3,881
Total assets	204,320	251,527
Current liabilities
Accounts payable	6,875	8,655
Accrued employee expenses	6,667	7,378
Operating lease liabilities, current	3,240	4,514
Accrued expenses and other current liabilities	12,196	10,232
Total current liabilities	28,978	30,779
Operating lease liabilities, net of current portion	11,169	18,500
Other liabilities	3,958	4,981
Total liabilities	44,105	54,260
Commitments and contingencies
Stockholders’ Equity
Preferred stock — $0.0001 par value; 20,000,000 shares authorized at December 31, 2023 and 2022, respectively; no shares issued and outstanding at December 31, 2023 and 2022	0	0
Common stock — $0.0001 par value; 1,000,000,000 shares authorized at December 31, 2023 and 2022; 91,091,541 and 88,439,088 shares issued and outstanding at December 31, 2023 and 2022, respectively	9	9
Additional paid-in capital	722,504	709,790
Accumulated deficit	(562,298)	(512,532)
Total stockholders’ equity	160,215	197,267
Total liabilities and stockholders’ equity	$ 204,320	$ 251,527

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 Tue Apr 23 2024, market cap of TrueCar Inc is 273.51 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 Tue Apr 23 2024, TRUE's PE ratio (Price to Earnings) is -5.5 and Price to Sales (PS) ratio is 1.72. 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 -0.108 (multiply by 100 for percentage) rate of return.