TrueCar (NASDAQ:TRUE) announced its quarterly earnings results on Thursday. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04, Bloomberg Earnings reports. The company had revenue of $83.13 million for the quarter, compared to analyst estimates of $81.72 million. TrueCar had a negative net margin of 10.16% and a negative return on equity of 8.96%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) EPS.
TrueCar (TRUE) traded down $0.73 during trading hours on Friday, hitting $11.18. 8,454,142 shares of the stock were exchanged, compared to its average volume of 1,570,000. The company has a debt-to-equity ratio of 0.09, a quick ratio of 6.31 and a current ratio of 6.31. TrueCar has a 12 month low of $10.16 and a 12 month high of $21.75. The company has a market cap of $1,050.00, a price-to-earnings ratio of -31.94 and a beta of 2.58.
In other news, SVP John Pierantoni sold 2,494 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $11.29, for a total value of $28,157.26. Following the sale, the senior vice president now directly owns 57,513 shares of the company’s stock, valued at approximately $649,321.77. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Neeraj Gunsagar sold 10,443 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $11.28, for a total transaction of $117,797.04. Following the completion of the sale, the executive vice president now directly owns 254,144 shares in the company, valued at $2,866,744.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,670 shares of company stock worth $177,654. Insiders own 15.50% of the company’s stock.
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TrueCar Company Profile
TrueCar, Inc is an Internet-based information, technology, and communication services company. The Company has a data-driven online platform, which features market data and analytics. The Company-branded platform is available on its TrueCar Website and mobile applications. It customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for a range of enterprises.
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