TrueCar Concludes Partnership With AutoNation
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Cowen Trims TrueCar (TRUE) PT to $14 Following AutoNation (AN) News; Impact Appears Manageable
July 10, 2015 9:53 AM EDTCowen and Company is out with commentary on TrueCar (Nasdaq: TRUE) following news that the company and AutoNation (NYSE: AN) have ended their partnership. Cowen affirms TrueCar at Market Perform and cuts its price target from $19 to $14.
Analyst John Blackledge commented on the expected impact:... More
TrueCar (TRUE), AutoNation (AN) to End Partnership
July 10, 2015 6:46 AM EDTTrueCar (NASDAQ: TRUE) is ending its longstanding partnership with AutoNation Inc. (NYSE: AN), effective at the end of July.
TrueCars marketplace gives consumers transparent insight into what others paid through its analysis of anonymized transaction data and access to guaranteed savings off of MSRP from its nationwide network of more than 10,000 TrueCar Certified Dealers. This network is committed to a new way of selling cars to the approximately 6 million in-market monthly prospective car buyers who use the TrueCar platform (including through USAA,... More
