
Truecar Inc (TRUE) Stock Forecast & Price Target
Truecar Inc (TRUE) Analyst Ratings
Bulls say
TrueCar Inc. is experiencing a revitalization in its dealer relationships, winning back previously churned dealers due to an increase in new vehicle inventories, which contributes to lower lead generation spending. The company reports a significant acceleration in new vehicle sales per franchise dealer, achieving 27% year-over-year unit growth in the fourth quarter, far exceeding the broader industry growth of 10%. With ongoing investments in salesforce expansion and strategic marketing, TrueCar is positioned for enhanced dealer growth and higher margins in subscription revenue, driven by increased transaction volumes and a more robust core business in new vehicle lead generation.
Bears say
TrueCar Inc. is facing a negative outlook primarily due to significantly lowered revenue and adjusted EBITDA estimates for FY25, which have shifted growth expectations to the second half of the year. Additionally, the market sentiment remains cautious as the company is contemplating a slower return to dealer and unit growth, further contributing to its uncertain financial position. Although there is some potential for strategic interest due to AutoNation's stake, the overall landscape reflects limited investor enthusiasm towards companies reliant on US auto sales amidst broader challenges.
This aggregate rating is based on analysts' research of Truecar Inc and is not a guaranteed prediction by Public.com or investment advice.
Truecar Inc (TRUE) Analyst Forecast & Price Prediction
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