In today’s session TrueCar Inc (TRUE) registered an unusually high (19,421) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious TRUE increase. With 19,421 contracts traded and 4334 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: TRUE170421C00012500 closed last at: $1.8 or 5.3% down. The stock decreased 0.24% or $0.03 on November 23, hitting $12.62. About 353,338 shares traded hands. TrueCar Inc (NASDAQ:TRUE) has risen 99.68% since April 22, 2016 and is uptrending. It has outperformed by 94.27% the S&P500.
Analysts await TrueCar Inc (NASDAQ:TRUE) to report earnings on February, 16. They expect $-0.19 earnings per share, up 26.92% or $0.07 from last year’s $-0.26 per share. After $-0.09 actual earnings per share reported by TrueCar Inc for the previous quarter, Wall Street now forecasts 111.11% negative EPS growth.
TrueCar Inc (NASDAQ:TRUE) Ratings Coverage
Out of 11 analysts covering TrueCar (NASDAQ:TRUE), 2 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 18% are positive. $14 is the highest target while $3.50 is the lowest. The $7.65 average target is -39.38% below today’s ($12.62) stock price. TrueCar has been the topic of 22 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Friday, November 6, the company rating was maintained by RBC Capital Markets. The company was downgraded on Friday, July 24 by Craig Hallum. Goldman Sachs downgraded TrueCar Inc (NASDAQ:TRUE) rating on Friday, July 24. Goldman Sachs has “Neutral” rating and $8 price target. The company was upgraded on Tuesday, August 30 by B. Riley & Co. The stock has “Mkt Perform” rating given by JMP Securities on Friday, February 19. On Friday, July 24 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. Topeka Capital Markets initiated TrueCar Inc (NASDAQ:TRUE) on Tuesday, April 5 with “Hold” rating. The firm has “Sell” rating given on Friday, August 7 by B Riley. The company was upgraded on Friday, November 4 by Loop Capital. As per Friday, November 4, the company rating was upgraded by Craig Hallum.
According to Zacks Investment Research, “TrueCar Inc. engages in developing and publishing an online automotive information and communications platform. The Company operates its company-branded platform on its TrueCar.com Website. It enables users to obtain market-based pricing data on new and used cars, as well as to connect with its network of TrueCar certified dealers. TrueCar, Inc. is based in Santa Monica, California.”
Insitutional Activity: The institutional sentiment increased to 1.64 in 2016 Q2. Its up 0.54, from 1.1 in 2016Q1. The ratio increased, as 13 funds sold all TrueCar Inc shares owned while 17 reduced positions. 5 funds bought stakes while 28 increased positions. They now own 40.78 million shares or 2.84% more from 39.66 million shares in 2016Q1.
D E Shaw & Com holds 25,597 shares or 0% of its portfolio. Services Automobile Association accumulated 12.56M shares or 0.35% of the stock. One Trading Lp, a Illinois-based fund reported 5,217 shares. Deutsche State Bank Ag, a Germany-based fund reported 26,512 shares. Cim Mangement reported 30,848 shares or 0.1% of all its holdings. Nationwide Fund Advsr, a Pennsylvania-based fund reported 35,365 shares. Moreover, Blackrock Ltd Llc has 0% invested in TrueCar Inc (NASDAQ:TRUE) for 25,525 shares. Caledonia (Private) Investments Pty Limited holds 0.61% of its portfolio in TrueCar Inc (NASDAQ:TRUE) for 1.81M shares. Parallax Volatility Advisers Lp has invested 0% of its portfolio in TrueCar Inc (NASDAQ:TRUE). Boston Private Wealth Lc holds 0.12% of its portfolio in TrueCar Inc (NASDAQ:TRUE) for 372,000 shares. First Trust Advsr Limited Partnership has 0.06% invested in the company for 2.56M shares. Credit Suisse Ag has 28,824 shares for 0% of their US portfolio. Ny State Common Retirement Fund has 0% invested in the company for 44,700 shares. Tiaa Cref Investment Management Limited Liability Company has 0% invested in the company for 166,119 shares. Ubs Asset Mngmt Americas has invested 0% of its portfolio in TrueCar Inc (NASDAQ:TRUE).
TrueCar, Inc. offers a diverse software ecosystem for buying cars. The company has a market cap of $1.07 billion. The Company’s software ecosystem is based on a common technology infrastructure, and powered by data and analytics. It currently has negative earnings. The Firm operates its platform on the TrueCar Website and its branded mobile experience.
TRUE Company Profile
TrueCar, Inc., incorporated on February 25, 2005, offers a diverse software ecosystem for buying cars. The Company’s software ecosystem is based on a common technology infrastructure, and powered by data and analytics. The Firm operates its platform on the TrueCar Website and its branded mobile experience. The Firm also customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, membership organizations, and employee buying programs for enterprises. The Company’s network of approximately 11,000 TrueCar Certified Dealers consists primarily of new car franchises, as well as independent dealers selling used vehicles.
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