Form 8-K TrueCar, Inc. For: Jul 23

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Go back to Form 8-K TrueCar, Inc. For: Jul 23

RBC Capital Downgrades TrueCar (TRUE) to Sector Perform

July 24, 2015 6:56 AM EDT

RBC Capital downgraded TrueCar (NASDAQ: TRUE) from Outperform to Sector Perform with a price target of $9.00 (from $23.00) following a negative preannouncement of Q2 results and material reduction in 2015 guidance.

Mark Mahaney lowered 2015 Revenue/EBITDA go from $287MM/$29MM to $253MM/$4MM,... More