TrueCar, Inc. operates as an internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar website and mobile applications. Its platform enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar certified dealers. The company also offers forecast and consulting services regarding determination of the residual value of an automobile at given future points in time, which are used to underwrite automotive loans and leases, and by financial institutions to measure exposure and risk across loan, lease, and fleet portfolios. In addition, it provides accurate, geographically specific, and real-time pricing information for consumers and dealers; TrueCar Trade, which gives consumers information on the value of their trade-in vehicles and enables them to obtain a guaranteed trade-in price before setting foot in the dealership; and DealerScience that provides dealers with advanced digital retailing software tools. The company was formerly known as Zag.com Inc. TrueCar, Inc. was incorporated in 2005 and is headquartered in Santa Monica, California.
P/E ratio for TrueCar, Inc. (TRUE)
P/E ratio as of 2023: -6.24
According to TrueCar, Inc.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -6.24. At the end of 2022 the company had a P/E ratio of -1.93.
P/E ratio history for TrueCar, Inc. from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio |
|---|---|
| 2023 | -6.24 |
| 2022 | -1.93 |
| 2021 | -8.63 |
| 2020 | -22.51 |
| 2019 | -9.16 |
| 2018 | -32.68 |
| 2017 | -32.34 |
| 2016 | -25.32 |
| 2015 | -12.04 |
| 2014 | -33.50 |
| 2013 | -25.28 |
| 2012 | -8.50 |
| 2011 | -66.39 |