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TrueCar (TRUE) PT Lowered to $4 at BTIG
February 20, 2025 12:01 PM ESTBTIG 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
