TrueCar Reports First Quarter 2016 Financial Results
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Cowen Lifts PT on TrueCar (TRUE) to $5 Following Q1 Report; Guidance Remains Intact
May 6, 2016 10:58 AM UTCCowen 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 UTCTrueCar (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.
... MoreTrueCar (TRUE) Reports In-Line Q1 EPS; Guides Modestly Below the Street
May 5, 2016 4:51 PM UTCTrueCar (NASDAQ: TRUE) reported Q1 EPS of ($0.07), in-line with the analyst estimate of ($0.07). Revenue for the quarter came in at $61.9 million versus the consensus estimate of $61.13 million.
In the first quarter of 2016, we accomplished what we set out to do, with revenue hitting the high end of our $60-$62 million guidance, units also reaching the high end of our 170,000-175,000 guidance, and adjusted... More
