US stock futures muted with Jackson Hole, retail earnings on tap
In a challenging market environment, TrueCar (NASDAQ:TRUE) Inc’s stock has touched a 52-week low, dipping to $2.14. According to InvestingPro analysis, technical indicators suggest the stock is in oversold territory, with impressive gross profit margins of 85%. The online automotive marketplace has faced significant headwinds over the past year, reflected in the stock’s performance with a substantial 1-year change showing a decline of -39.78%. Investors have been cautious as the company navigates through industry-specific obstacles and broader economic pressures that have weighed heavily on its market valuation. InvestingPro data indicates the stock is currently undervalued, with analyst targets ranging from $3.25 to $5.00. The current price level marks a critical point for TrueCar as it strives to revitalize its growth strategy and regain investor confidence. Discover 12 more exclusive insights and detailed valuation analysis in TrueCar’s comprehensive Pro Research Report, available on InvestingPro.
In other recent news, True Corporation reported its fourth-quarter 2024 earnings, revealing a larger-than-expected loss and a revenue shortfall. The company’s earnings per share came in at -0.07 USD, missing the forecast of -0.05 USD, and revenue totaled 46.2 million USD, below the forecasted 47.29 million USD. Despite continued growth in service revenue and EBITDA, the market reacted negatively to the earnings miss. True Corporation projects a 2-3% increase in service revenue and an 8-10% growth in EBITDA for 2025, aiming to be profitable on a reported basis next year. The company plans significant capital expenditures to modernize its network and expand product offerings. Meanwhile, True Corporation’s stock was downgraded by analysts due to the earnings miss. The company has also been focusing on strategic growth and operational efficiency, addressing spectrum auction strategy and network modernization during its earnings call.
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