And for the 7 times sales comment....they have 40% revenue growth and should strong growth for years to come. They will make a profit too in 2015 so that losing money business doesn't make sense. If they can get that truecar total us sales number to 7%-10% look out.
You realize truecar gets $350 for each new car and $450 for every used car, correct? They now control nearly 4% of every auto sale is a truecar deal. That market continues to expand. Now the kicker....integration is coming with auto loans and insurance. This is more revenue and more exposure for truecar.
I'd love to get excited about after hours but do you know how many shares were traded at 20.55? 10 shares....yes 10 shares or $200 bucks.
no complaints about taking a profit but I think the stock is heading much higher. They still haven't implemented the loan approval on the TrueCar website and they have other features that will boost revenue too. These functions take only development cost to implement and mostly go straight to the bottom line. If they can get $350 for each new car and maybe another $250 for the loan that takes the overall revenue much higher for the company. Imagine if you can essentially pay for the car and get the loan online and not have to deal with anything at the dealership?
I sold a bunch of $22.50 calls when the stock hit $19 a month ago. I'm actually happy it slid under $22.5 on Friday. I really don't want to lose my shares.
What is the deal with 100's of posts a day with tick by tick opinions? It is almost unbearable to even look at this board. Any real conversation is pushed to another page because of all that nonsense.
Pretty bullish comments. Up to 3.7% of all auto sales truecar deals and the company is looking at expanding into loans and other areas.
You only get so many chances to invest in early in a company that is changing the car buying business. Right now they have a 4% market share of all deals are TrueCar deals. That is going to force more and more dealers to jump onboard. They get $350 for each new car and $450 for each used car. As market share goes up, we will be looking at a decent profit margin in the near future once they get to scale.
Stock is really cheap at $1.5 billion market cap considering the long term growth.
I wanted to get in on that $17 offering but I didn't get a reply from the email prospectus. Lucky for me I bought at $16.60 yesterday. I think we are going to be stuck in the mud for about a month.
Etrade recently increased the margin requirement for TRUE. Really burnt me with a ton of puts sold on that nose dive. I don't like the fact that the stock tanked for a month and then we got the news about additional share offering and higher loss. People knew that was coming and I hold a grudge against True right now. I'm still a holder of TRUE and believe in the company, but there was a major leak.
Just a few weeks ago we were sitting at $16 and about 3 weeks before that we were $24-25. The stock is going to be volatile. Overall it looks really promising though. Good auto sales numbers and the brand is starting to become a household name. I was driving to work and I heard a radio ad from TrueCar saying last quarter they sold 126,000 truecar deals. I was watching CBS Sports and they had multiple TrueCar commercials.
My guess is earnings will be negative towards break even, but sales is going to be really strong.
I think we have a catalyst coming in 2015. We are going to get a credit upgrade. Plus we still have years of strong revenue growth and earnings growth.
Got to be patient. This stock is boring me to death, but it will pay off in the long run.
The stuff that gets posted is almost embarrassing. Not worth more than $9 bucks....LOL! That would be a dividend yield of 14%. I realize that he is probably short, but at least post something that is somewhat realistic.
The original post smells like a over-leveraged short.
The commercial said last quarter they had over 126,000 TrueCar deals. If so that is very, very impressive number for 1 quarter alone. I tsounds like we are slowing growing market share vs those that want to haggle with sales people.
Hopefully we become a brand like those that want to buy random items go to Amazon. Those that want to buy a car will go to TrueCar.
I don't think much is included in NCR's stock price. We are way undervalued. We probably get a $3-5 jump alone on the credit rating bump that we will get in 2015.
The market cap on True is only like $1.3 billion and there is going to be a lot of fluctuations. The company in the long run will continue to get bigger and bigger and the tech costs are somewhat fixed. I'm very confident in my TRUE purchase even though my average purchase is at $19.90 with nearly a $100K investment. In the long run we are fine. Some of you guys are giving yourself and ulcer! Just chill out and let this play out in the long run. Way too many day traders in this stock! Hold this stock for 3-5 years and you will be rewarded big time! I bet we have a least a $5 billion dollar market cap in 5 years.
Although my position in TrueCar is now down, my overall view on the company is higher than ever. This stock is going to be volatile. I know own near $100K of the stock and going to sit back and watch the show. Might take a while but I'm not selling less than $30.