RBC Capital Cuts Price Target Following TrueCar's (TRUE) Weak 4Q and Guidance
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TrueCar Reports Fourth Quarter and Full Year 2015 Financial Results
February 18, 2016 4:07 PM ESTFourth quarter total revenue up 15% from a year ago to $63.6 million; fourth quarter transaction revenue of $59.3 million, up 16% year over year.FY 2015 total revenue up 26% from FY 2014 to $259.8 million; FY 2015 transaction revenue of $241.4 million, up 27% over FY 2014.Fourth quarter net loss of $(27.4) million, or $(0.33) per share, compared to net loss of $(9.8) million, or $(0.13) per share, in the fourth quarter of 2014; FY 2015 net loss of $(64.9) million, or $(0.79) per share, compared to net loss of $(48.4) million, or $(0.68) per share, in FY 2014.Fourth quarter Non-GAAP net loss(1) of $(5.2) million, or $(0.06) per share, compared to Non-GAAP net... More
