TrueCar Inc (NASDAQ: TRUE) has reported E.P.S. of $-0.15 for its second fiscal quarter (ending June 30) versus $-0.23 for the same period a year ago. Relative to the consensus estimate of $-0.03, this was a shortfall of $-0.12. E.P.S. were $-0.32 for the latest four quarters through June 30 versus $-1.51 for the same period a year ago.
Recent Price Action
On 8/5/24, TrueCar Inc (NASDAQ: TRUE) stock suffered a large decline of -6.8%, closing at $3.15. Moreover, this decline was accompanied by unusually high trading volume at 159% of normal. The stock has performed in line with the market over the last nine months and has declined -16.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, TRUE is expected to be a modest Value Builder.
TrueCar has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. TrueCar has a slightly negative Power Rating of 32 and a very low Appreciation Score of 10, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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