TrueCar (TRUE) Cuts FY Revenue Guidance, Q2 Prelim. Results Miss
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Cowen Cuts Price Target to $8 onTrueCar (TRUE) Following a 2Q Pre-Announcement
July 24, 2015 9:07 AM EDTCowen 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
Craig-Hallum Downgrades TrueCar (TRUE) to Hold
July 24, 2015 8:19 AM EDTCraig-Hallum downgraded TrueCar (NASDAQ: TRUE) from Buy to Hold with a price target of $8.00 (from $18.00).
For an analyst ratings summary and ratings history on TrueCar click here. For more ratings news on TrueCar click here.
Shares of TrueCar closed at $10.68 yesterday.
... MoreGoldman Sachs Downgrades TrueCar (TRUE) to Neutral
July 24, 2015 6:59 AM EDTGoldman Sachs downgraded TrueCar (NASDAQ: TRUE) from Buy to Neutral.
For an analyst ratings summary and ratings history on TrueCar click here. For more ratings news on TrueCar click here.
Shares of TrueCar closed at $10.68 yesterday.
... MoreJPMorgan Downgrades TrueCar (TRUE) to Neutral
July 24, 2015 6:57 AM EDTJPMorgan downgraded TrueCar (NASDAQ: TRUE) from Overweight to Neutral with a price target of $12.00 (from $23.00).
For an analyst ratings summary and ratings history on TrueCar click here. For more ratings news on TrueCar click here.
Shares of TrueCar closed at $10.68 yesterday.
... MoreRBC Capital Downgrades TrueCar (TRUE) to Sector Perform
July 24, 2015 6:56 AM EDTRBC 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
