TRUE Stock Recent News

TrueCar (TRUE) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.17 per share a year ago.

TrueCar is expected to maintain its momentum in the fourth quarter of 2023, with the likelihood of higher share prices. The company operates as a technology platform, connecting car buyers with certified dealers and offering local pricing information and inventory. TrueCar has set ambitious goals for the next three years, aiming for annual revenue of over $300 million and more than 10% free cash flow by the end of 2026.

TrueCar, Inc. beats revenue estimates in Q3 2023 by approximately $170,000. TrueCar operates an online marketplace for automobile purchases in the United States. The company's fundamentals are improving, but it may not return to high growth or achieve operating breakeven in the near term.

Although the revenue and EPS for TrueCar (TRUE) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Shares of TrueCar Inc. TRUE, -0.88% fell 4% in the extended session Tuesday after the online car platform named Oliver Foley as its new chief financial officer, replacing Teresa Luong. Foley will start at TrueCar on Oct. 30 and report to Chief Executive Jantoon Reigersman, the company said.

Long-established in the Interactive Media industry, TrueCar Inc ( TRUE , Financial) has enjoyed a stellar reputation. It has recently witnessed a surge of 12.44%, juxtaposed with a three-month change of 0.21%.

TrueCar, Inc. beat revenue and EPS consensus estimates in its recently reported Q2 2023 financial results. The firm connects car buyers with dealers in the U.S. for new or used automobiles via its online platform. Management highlighted a return to sequential revenue growth as OEM incentives began to reappear.

Although the revenue and EPS for TrueCar (TRUE) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

TrueCar (TRUE) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.07 per share a year ago.

TrueCar (NASDAQ:TRUE) Inc shares climbed 10% to $2.72 on Thursday after the car-pricing platform announced that it is eliminating 24% of its workforce, or about 102 positions, and has named a new CEO. TrueCar revealed that its chief operating officer Jantoon Reigersman will replace Michael Darrow as the company's CEO, but did not provide details on why the move was being made.