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February 20, 2025 12:01 PM EST
BTIG analyst Marvin Fong lowered the price target on TrueCar (NASDAQ: TRUE) to $4.00 (from $4.50) while maintaining a Buy rating.
The analyst comments "This note is a follow-up to our initial take published on Feb 18 (available here). TRUE shares were under pressure yesterday and into today, primarily due to 1Q25 revenue guidance that was light on the top-line and also called for an unexpected Adjusted EBITDA loss of $5MM. We estimate about half of the... More
February 19, 2025 5:15 AM EST
BTIG analyst Marvin Fong reiterated a Buy rating and $4.50 price target on TrueCar (NASDAQ: TRUE)
The analyst comments "TRUE results largely met our expectations on 4Q24 unit sales and franchise dealers additions, but results came in shy on most P&L items. More importantly, 1Q25 guidance was short of expectations, pressuring shares in the aftermarket by >10%. More specifically, TRUE guided 1Q25 revenue up HSD, short of the Street's +19%. TRUE is also looking for a 1Q25 Adjusted... More
