TrueCar Announces Preliminary Results and Adjusted Guidance; Announces Call to Discuss Today at 6:30 p.m. Eastern Time

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Go back to TrueCar Announces Preliminary Results and Adjusted Guidance; Announces Call to Discuss Today at 6:30 p.m. Eastern Time

Cowen Cuts Price Target to $8 onTrueCar (TRUE) Following a 2Q Pre-Announcement

July 24, 2015 9:07 AM EDT

Cowen maintained a Market Perform rating on TrueCar (NASDAQ: TRUE), and cut the price target to $8.00 (from $14.00), following a 2Q15 pre-announcement. Management now expects lower 2Q15 revenue at $65MM (vs. $67MM-$69MM guidance). TRUE also cut FY15 revenue guidance to $252MM-$258MM.

Analyst John... More