
Truecar Inc (TRUE) Stock Forecast & Price Target
Truecar Inc (TRUE) Analyst Ratings
Bulls say
TrueCar Inc. is demonstrating a strong rebound in its dealer relationships, successfully winning back previously churned dealers as new vehicle inventories expand, which is expected to reduce lead generation costs. The company has reported an impressive 27% year-over-year unit growth in new vehicle sales per franchise dealer for the fourth consecutive quarter, significantly outpacing the industry's 10% growth rate, indicating robust potential for future dealer acquisition and enhanced subscription revenues. Moreover, TrueCar's strategic investments in its salesforce aim to accelerate dealer growth, and the anticipated increase in new vehicle transactions, alongside the introduction of the TrueCar+ digital product, positions the company favorably for continued revenue growth in a thriving market.
Bears say
TrueCar Inc. faces a negative outlook due to a lowered revenue and adjusted EBITDA forecast for FY25, indicating a projected slowdown in dealer and unit growth that extends into the latter half of 2025. The company's current valuation reflects a significant discount relative to vehicle marketplace peers, as evidenced by a price target set at $4, which represents a 10x multiple on reduced FY26 adjusted EBITDA estimates. Additionally, despite the potential for strategic interest from AutoNation due to its stake in the company, overall investor sentiment remains subdued, primarily due to concerns about the broader automotive sales environment.
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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