TrueCar (TRUE) Reports In-Line Q1 EPS; Guides Modestly Below the Street

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Cowen Lifts PT on TrueCar (TRUE) to $5 Following Q1 Report; Guidance Remains Intact

May 6, 2016 10:58 AM EDT

Cowen and Company boosted its price target on Market Perform-rated TrueCar, Inc. (Nasdaq: TRUE) from $4 to $5 following Q1 results issued Thursday night.

Analyst John Blackledge commented, TrueCar's 1Q16 results were slightly better than expected, as revenue upside was driven by slightly better monetization.... More

TrueCar (TRUE) Shares Turn Red

May 6, 2016 10:53 AM EDT

TrueCar (Nasdaq: TRUE) shares have moved into negative territory today. The stock is now down around 1 percent. The company issued Q1 results on Monday evening.

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