TrueCar, Inc. (TRUE)
NASDAQ: TRUE · IEX Real-Time Price · USD
3.640
-0.040 (-1.09%)
At close: Jul 19, 2024, 4:00 PM
3.630
-0.010 (-0.27%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
TrueCar Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for TrueCar stock have an average target of 3.50, with a low estimate of 3.00 and a high estimate of 4.00. The average target predicts a decrease of -3.85% from the current stock price of 3.64.
Analyst Consensus: Buy
* Price targets were last updated on Apr 30, 2024.
Analyst Ratings
The average analyst rating for TrueCar stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Maintains $4.5 → $4 | Strong Buy | Maintains | $4.5 → $4 | +9.89% | Apr 30, 2024 |
| Needham | Needham | Strong Buy Reiterates $4.5 | Strong Buy | Reiterates | $4.5 | +23.63% | Feb 21, 2024 |
| Needham | Needham | Strong Buy Maintains $3.5 → $4.5 | Strong Buy | Maintains | $3.5 → $4.5 | +23.63% | Dec 18, 2023 |
| BTIG | BTIG | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Sep 27, 2023 |
| B. Riley Securities | B. Riley Securities | Hold Initiates $3 | Hold | Initiates | $3 | -17.58% | Jul 20, 2023 |
Financial Forecast
Revenue This Year
185.17M
from 158.71M
Increased by 16.67%
Revenue Next Year
214.32M
from 185.17M
Increased by 15.74%
EPS This Year
-0.07
from -0.55
EPS Next Year
-0.01
from -0.07
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 191.5M | 225.8M | 251.0M | 280.4M | 309.8M |
| Avg | 185.2M | 214.3M | 243.6M | 272.3M | 300.9M |
| Low | 176.3M | 197.8M | 233.9M | 261.7M | 289.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.7% | 21.9% | 17.1% | 15.1% | 13.7% |
| Avg | 16.7% | 15.7% | 13.7% | 11.8% | 10.5% |
| Low | 11.1% | 6.8% | 9.1% | 7.4% | 6.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.02 | 0.08 | 0.06 | 0.12 | 0.17 |
| Avg | -0.07 | -0.01 | 0.06 | 0.11 | 0.16 |
| Low | -0.09 | -0.12 | 0.06 | 0.11 | 0.16 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | 88.7% | 49.7% |
| Avg | - | - | - | 83.3% | 45.5% |
| Low | - | - | - | 76.1% | 39.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.