
Truecar Inc (TRUE) Stock Forecast & Price Target
Truecar Inc (TRUE) Analyst Ratings
Bulls say
TrueCar Inc. is positioned for positive growth as it effectively wins back previously churned dealers, benefiting from an increase in new vehicle inventories that reduces lead generation costs. The company’s revamped salesforce is contributing to accelerated dealer growth, which aligns with an increase in high-margin subscription revenue. Furthermore, the anticipated rise in vehicle production, inventories, and sales is expected to enhance TrueCar's capabilities in new vehicle lead generation and boost transactions through its TrueCar+ digital platform.
Bears say
TrueCar Inc is facing elevated end market uncertainty, which has prompted a pause in its growth initiatives, specifically affecting dealer sales personnel and investments. As a result, the company has lowered its estimates for dealer count, monetization per dealer, and overall units, along with a decrease in OEM incentive revenue estimates due to an unpredictable new vehicle pricing environment. Despite hedging some downside risk with a strong balance sheet, the overarching market conditions and cautious dealer behavior contribute to a fundamentally negative outlook for TrueCar's stock performance.
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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