TrueCar (TRUE) Stock Forecast, Price Target & Predictions

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TRUE Stock Forecast

TrueCar stock forecast is as follows: an average price target of $3.75 (represents a -5.78% downside from TRUE’s last price of $3.98) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.

TRUE Price Target

The average price target for TrueCar (TRUE) is $3.75 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $3.75 to $3.75. This represents a potential -5.78% downside from TRUE's last price of $3.98.

TRUE Analyst Ratings

Buy

According to 5 Wall Street analysts, TrueCar's rating consensus is 'Buy'. The analyst rating breakdown for TRUE stock is 0 'Strong Buy' (0.00%), 5 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

TrueCar Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Aug 06, 2024	Marvin Fong	BTIG	$3.75	$2.72	37.87%	-5.78%
Aug 06, 2024	Chris Pierce	Needham	$3.75	$2.72	37.87%	-5.78%
Mar 14, 2023	Chris Pierce	Needham	$3.50	$2.09	67.46%	-12.06%
Nov 08, 2022	Marvin Fong	BTIG	$3.00	$1.74	72.41%	-24.62%

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The latest TrueCar stock forecast, released on Aug 06, 2024 by Marvin Fong from BTIG, set a price target of $3.75, which represents a 37.87% increase from the stock price at the time of the forecast ($2.72), and a -5.78% decrease from TRUE last price ($3.98).

TrueCar Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	2
Avg Price Target	-	-	$3.75
Last Closing Price	$3.98	$3.98	$3.98
Upside/Downside	-100.00%	-100.00%	-5.78%

In the current month, the average price target of TrueCar stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to TrueCar's last price of $3.98. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 22, 2024	BTIG	Buy	Buy	Hold
Oct 07, 2024	Lake Street	-	Buy	Initialise
Aug 06, 2024	Needham	Buy	Buy	Hold
Dec 18, 2023	Needham	Buy	Buy	Hold
Jun 15, 2023	Needham	Buy	Buy	Hold
Mar 14, 2023	Needham	-	Buy	Upgrade
Nov 08, 2022	BTIG	-	Buy	Upgrade
Oct 31, 2022	J.P. Morgan	-	Overweight	Upgrade
Feb 24, 2022	Benchmark	Buy	Buy	Hold

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TrueCar's last stock rating was published by BTIG on Oct 22, 2024. The company gave TRUE a "Buy" rating, the same as its previous rate.

TrueCar Financial Forecast

TrueCar Revenue Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Mar 18	Mar 17
Revenue	-	-	-	-	-	$46.54M	$41.80M	$41.05M	-	$41.15M	$39.29M	$36.98M	$36.66M	$39.05M	$42.27M	$43.53M	$45.86M	$54.97M	$65.77M	$65.11M	$63.96M	$77.25M	$62.69M	$83.53M	$89.67M	$90.56M	$88.08M	$85.58M	$81.06M	$75.76M
Avg Forecast	$55.21M	$54.18M	$50.43M	$48.98M	$47.30M	$45.07M	$44.32M	$40.75M	$41.83M	$41.45M	$38.74M	$38.88M	$40.22M	$41.96M	$43.64M	$45.34M	$55.10M	$55.00M	$66.07M	$61.53M	$58.46M	$78.73M	$55.56M	$85.47M	$88.00M	$87.99M	$89.18M	$84.98M	$81.06M	$151.51M
High Forecast	$56.22M	$55.17M	$51.35M	$50.32M	$47.65M	$45.08M	$44.32M	$40.75M	$42.13M	$42.84M	$39.45M	$39.59M	$40.95M	$41.96M	$43.64M	$45.34M	$55.10M	$55.00M	$66.07M	$61.53M	$58.46M	$78.73M	$55.56M	$85.47M	$88.00M	$87.99M	$89.18M	$84.98M	$97.27M	$181.82M
Low Forecast	$54.22M	$53.21M	$49.52M	$47.63M	$46.94M	$45.05M	$44.32M	$40.75M	$41.52M	$40.21M	$38.04M	$38.18M	$39.50M	$41.96M	$43.64M	$45.34M	$55.10M	$55.00M	$66.07M	$61.53M	$58.46M	$78.73M	$55.56M	$85.47M	$88.00M	$87.99M	$89.18M	$84.98M	$64.85M	$121.21M
# Analysts	1	1	1	3	4	2	1	1	2	6	3	3	4	4	4	4	3	3	3	3	3	10	10	10	9	9	9	9	20	19
Surprise %	-	-	-	-	-	1.03%	0.94%	1.01%	-	0.99%	1.01%	0.95%	0.91%	0.93%	0.97%	0.96%	0.83%	1.00%	1.00%	1.06%	1.09%	0.98%	1.13%	0.98%	1.02%	1.03%	0.99%	1.01%	1.00%	0.50%

TrueCar's average Quarter revenue forecast for Dec 24 based on 4 analysts is $47.30M, with a low forecast of $46.94M, and a high forecast of $47.65M. TRUE's average Quarter revenue forecast represents a 1.62% increase compared to the company's last Quarter revenue of $46.54M (Sep 24).

TrueCar EBITDA Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Mar 18	Mar 17
# Analysts	1	1	1	3	4	2	1	1	2	6	3	3	4	4	4	4	3	3	3	3	3	10	10	10	9	9	9	9	20	19
EBITDA	-	-	-	-	-	$-1.42M	$-8.83M	$-6.08M	-	$-2.98M	$-16.33M	$-16.07M	$-13.77M	$46.59M	$-9.12M	$-9.38M	$-11.14M	$-1.98M	$-1.49M	$-2.94M	$93.14M	$15.56M	$-3.22M	$-3.32M	$-978.00K	$72.00K	$-15.74M	$-6.38M	$-3.29M	$54.00K
Avg Forecast	$-6.97M	$-6.83M	$-6.36M	$-6.18M	$-5.97M	$-5.69M	$-5.59M	$-12.69M	$-5.28M	$-5.23M	$-4.89M	$-11.54M	$-16.55M	$-1.77M	$-1.84M	$-9.12M	$-2.33M	$-2.33M	$-2.79M	$-4.24M	$-2.47M	$-3.33M	$-2.35M	$-11.94M	$-3.72M	$-3.72M	$-3.77M	$-68.95M	$-3.29M	$72.90K
High Forecast	$-6.84M	$-6.71M	$-6.25M	$-6.01M	$-5.92M	$-5.68M	$-5.59M	$-10.15M	$-5.24M	$-5.07M	$-4.80M	$-9.23M	$-13.24M	$-1.77M	$-1.84M	$-7.30M	$-2.33M	$-2.33M	$-2.79M	$-3.39M	$-2.47M	$-3.33M	$-2.35M	$-9.56M	$-3.72M	$-3.72M	$-3.77M	$-55.16M	$-2.63M	$87.48K
Low Forecast	$-7.09M	$-6.96M	$-6.48M	$-6.35M	$-6.01M	$-5.69M	$-5.59M	$-15.23M	$-5.31M	$-5.40M	$-4.98M	$-13.84M	$-19.86M	$-1.77M	$-1.84M	$-10.94M	$-2.33M	$-2.33M	$-2.79M	$-5.09M	$-2.47M	$-3.33M	$-2.35M	$-14.33M	$-3.72M	$-3.72M	$-3.77M	$-82.74M	$-3.94M	$58.32K
Surprise %	-	-	-	-	-	0.25%	1.58%	0.48%	-	0.57%	3.34%	1.39%	0.83%	-26.26%	4.95%	1.03%	4.78%	0.85%	0.53%	0.69%	-37.68%	-4.68%	1.37%	0.28%	0.26%	-0.02%	4.18%	0.09%	1.00%	0.74%

4 analysts predict TRUE's average Quarter EBITDA for Dec 22 to be $-16.55M, with a high of $-13.24M and a low of $-19.86M. This is -135.52% lower than TrueCar's previous annual EBITDA (Sep 22) of $46.59M.

TrueCar Net Income Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Mar 18	Mar 17
# Analysts	1	1	1	3	4	2	1	1	2	6	3	3	4	4	4	4	3	3	3	3	3	10	10	10	9	9	9	9	20	19
Net Income	-	-	-	-	-	$-5.83M	$-13.52M	$-5.85M	-	$-7.88M	$-20.42M	$-19.57M	$-18.14M	$-77.11M	$-11.02M	$-12.41M	$-15.79M	$-6.84M	$-7.28M	$-8.42M	$86.87M	$11.59M	$-11.24M	$-10.67M	$-8.81M	$-7.65M	$-24.06M	$-14.37M	$-9.05M	$-6.79M
Avg Forecast	$301.05K	$-301.05K	$-1.81M	$-1.48M	$-4.52M	$-3.26M	$-5.87M	$-20.73M	$-2.48M	$-6.62M	$-15.35M	$-18.84M	$-23.45M	$-10.41M	$-11.02M	$-14.90M	$-1.90M	$-2.69M	$-2.66M	$-12.12M	$-3.94M	$7.23M	$-5.72M	$-38.41M	$-3.45M	$-2.81M	$-258.74K	$-155.14M	$-9.05M	$-9.17M
High Forecast	$308.21K	$-294.02K	$-1.76M	$-1.20M	$-1.51M	$-3.18M	$-5.73M	$-16.58M	$-1.65M	$-3.31M	$-14.99M	$-15.08M	$-18.76M	$-10.41M	$-11.02M	$-11.92M	$-1.90M	$-2.69M	$-2.66M	$-9.70M	$-3.94M	$7.23M	$-5.72M	$-30.73M	$-3.45M	$-2.81M	$-258.74K	$-124.11M	$-7.24M	$-7.34M
Low Forecast	$294.02K	$-308.21K	$-1.85M	$-1.76M	$-6.02M	$-3.34M	$-6.01M	$-24.87M	$-3.31M	$-11.04M	$-15.72M	$-22.61M	$-28.14M	$-10.41M	$-11.02M	$-17.88M	$-1.90M	$-2.69M	$-2.66M	$-14.55M	$-3.94M	$7.23M	$-5.72M	$-46.09M	$-3.45M	$-2.81M	$-258.74K	$-186.17M	$-10.87M	$-11.01M
Surprise %	-	-	-	-	-	1.79%	2.30%	0.28%	-	1.19%	1.33%	1.04%	0.77%	7.41%	1.00%	0.83%	8.29%	2.54%	2.74%	0.69%	-22.05%	1.60%	1.96%	0.28%	2.55%	2.72%	92.99%	0.09%	1.00%	0.74%

TrueCar's average Quarter net income forecast for Mar 21 is $-12.12M, with a range of $-14.55M to $-9.70M. TRUE's average Quarter net income forecast represents a -113.95% decrease compared to the company's last Quarter net income of $86.87M (Dec 20).

TrueCar SG&A Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Mar 18	Mar 17
# Analysts	1	1	1	3	4	2	1	1	2	6	3	3	4	4	4	4	3	3	3	3	3	10	10	10	9	9	9	9	20	19
SG&A	-	-	-	-	-	$34.61M	$39.38M	$30.91M	-	$32.68M	$39.91M	$37.61M	$36.06M	$36.49M	$37.26M	$38.80M	$38.76M	$42.36M	$51.33M	$52.78M	$50.29M	$47.57M	$47.00M	$58.89M	$72.05M	$70.98M	$81.61M	$69.84M	$61.90M	$55.81M
Avg Forecast	$45.88M	$45.02M	$41.90M	$40.70M	$39.30M	$37.45M	$36.82M	$33.86M	$34.75M	$34.44M	$32.19M	$32.31M	$33.42M	$34.90M	$36.29M	$37.70M	$45.82M	$45.74M	$54.94M	$51.17M	$48.62M	$65.47M	$46.20M	$71.07M	$73.18M	$73.17M	$74.16M	$70.67M	$61.90M	$75.34M
High Forecast	$46.72M	$45.84M	$42.67M	$41.81M	$39.59M	$37.46M	$36.82M	$33.86M	$35.00M	$35.60M	$32.78M	$32.90M	$34.03M	$34.90M	$36.29M	$37.70M	$45.82M	$45.74M	$54.94M	$51.17M	$48.62M	$65.47M	$46.20M	$71.07M	$73.18M	$73.17M	$74.16M	$70.67M	$74.28M	$90.41M
Low Forecast	$45.05M	$44.21M	$41.15M	$39.58M	$39.00M	$37.44M	$36.82M	$33.86M	$34.50M	$33.41M	$31.61M	$31.73M	$32.82M	$34.90M	$36.29M	$37.70M	$45.82M	$45.74M	$54.94M	$51.17M	$48.62M	$65.47M	$46.20M	$71.07M	$73.18M	$73.17M	$74.16M	$70.67M	$49.52M	$60.27M
Surprise %	-	-	-	-	-	0.92%	1.07%	0.91%	-	0.95%	1.24%	1.16%	1.08%	1.05%	1.03%	1.03%	0.85%	0.93%	0.93%	1.03%	1.03%	0.73%	1.02%	0.83%	0.98%	0.97%	1.10%	0.99%	1.00%	0.74%

TrueCar's average Quarter SG&A projection for Dec 24 is $39.30M, based on 4 Wall Street analysts, with a range of $39.00M to $39.59M. The forecast indicates a 13.55% rise compared to TRUE last annual SG&A of $34.61M (Sep 24).

TrueCar EPS Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Mar 18	Mar 17
# Analysts	1	1	1	3	4	2	1	1	2	6	3	3	4	4	4	4	3	3	3	3	3	10	10	10	9	9	9	9	20	19
EPS	-	-	-	-	-	$-0.06	$-0.15	$-0.06	-	$-0.09	$-0.23	$-0.22	$-0.20	$-0.85	$-0.12	$-0.13	$-0.16	$-0.07	$-0.07	$-0.09	$0.86	$0.11	$-0.10	$-0.10	$-0.08	$-0.07	$-0.23	$-0.14	$-0.09	$-0.08
Avg Forecast	-	$-0.00	$-0.02	$-0.02	$-0.05	$-0.04	$-0.07	$-0.03	$-0.03	$-0.07	$-0.17	$-0.15	$-0.14	$-0.11	$-0.12	$-0.08	$-0.02	$-0.03	$-0.03	$-0.05	$-0.04	$0.08	$-0.06	$-0.02	$-0.04	$-0.03	$-0.00	$-0.01	$0.01	$-0.03
High Forecast	-	$-0.00	$-0.02	$-0.01	$-0.02	$-0.04	$-0.06	$-0.03	$-0.02	$-0.04	$-0.17	$-0.14	$-0.14	$-0.11	$-0.12	$-0.08	$-0.02	$-0.03	$-0.03	$-0.05	$-0.04	$0.08	$-0.06	$-0.02	$-0.04	$-0.03	$-0.00	$-0.01	$0.01	$-0.02
Low Forecast	-	$-0.00	$-0.02	$-0.02	$-0.07	$-0.04	$-0.07	$-0.03	$-0.04	$-0.12	$-0.17	$-0.15	$-0.14	$-0.11	$-0.12	$-0.08	$-0.02	$-0.03	$-0.03	$-0.05	$-0.04	$0.08	$-0.06	$-0.02	$-0.04	$-0.03	$-0.00	$-0.01	$0.01	$-0.03
Surprise %	-	-	-	-	-	1.79%	2.31%	2.40%	-	1.19%	1.35%	1.50%	1.43%	7.50%	1.00%	1.54%	7.72%	2.39%	2.42%	1.94%	-20.05%	1.40%	1.61%	4.00%	2.13%	2.29%	81.65%	13.60%	-9.00%	2.67%

According to 3 Wall Street analysts, TrueCar's projected average Quarter EPS for Mar 21 is $-0.05, with a low estimate of $-0.05 and a high estimate of $-0.05. This represents a -105.40% decrease compared to TRUE previous annual EPS of $0.86 (Dec 20).

TRUE Forecast FAQ

Is TrueCar a good buy?

Yes, according to 5 Wall Street analysts, TrueCar (TRUE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 100.00% of TRUE's total ratings.

What is TRUE's price target?

TrueCar (TRUE) average price target is $3.75 with a range of $3.75 to $3.75, implying a -5.78% from its last price of $3.98. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will TrueCar stock go up soon?

According to Wall Street analysts' prediction for TRUE stock, the company can go down by -5.78% (from the last price of $3.98 to the average price target of $3.75), down by -5.78% based on the highest stock price target, and down by -5.78% based on the lowest stock price target.

Can TrueCar stock reach $6?

TRUE's average twelve months analyst stock price target of $3.75 does not support the claim that TrueCar can reach $6 in the near future.

What are TrueCar's analysts' financial forecasts?

TrueCar's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $177.44M (high $177.8M, low $177.07M), average EBITDA is $-29.933M (high $-27.349M, low $-32.518M), average net income is $-34.376M (high $-27.006M, low $-40.244M), average SG&A $147.43M (high $147.73M, low $147.12M), and average EPS is $-0.178 (high $-0.141, low $-0.197). TRUE's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $208.8M (high $213.07M, low $204.59M), average EBITDA is $-26.341M (high $-25.809M, low $-26.879M), average net income is $-3.291M (high $-2.954M, low $-3.628M), average SG&A $173.49M (high $177.04M, low $169.99M), and average EPS is $-0.0364 (high $-0.0327, low $-0.0402).

Did the TRUE's actual financial results beat the analysts' financial forecasts?

Based on TrueCar's last annual report (Dec 2022), the company's revenue was $161.52M, which missed the average analysts forecast of $171.16M by -5.63%. Apple's EBITDA was $14.32M, missing the average prediction of $-29.286M by -148.88%. The company's net income was $-119M, beating the average estimation of $-59.779M by 98.54%. Apple's SG&A was $148.62M, beating the average forecast of $142.3M by 4.44%. Lastly, the company's EPS was $-1.3, beating the average prediction of $-0.458 by 184.15%. In terms of the last quarterly report (Sep 2024), TrueCar's revenue was $46.54M, beating the average analysts' forecast of $45.07M by 3.28%. The company's EBITDA was $-1.42M, missing the average prediction of $-5.685M by -75.02%. TrueCar's net income was $-5.831M, beating the average estimation of $-3.26M by 78.87%. The company's SG&A was $34.61M, missing the average forecast of $37.45M by -7.58%. Lastly, the company's EPS was $-0.0646, beating the average prediction of $-0.0361 by 78.99%