TrueCar Announces New Leadership Appointments

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BTIG Downgrades TrueCar (TRUE) to Neutral 'as Concerns Pile Up'

September 27, 2023 5:37 AM EDT

BTIG analyst Marvin Fong downgraded TrueCar (NASDAQ: TRUE) from Buy to Neutral.

The analyst comments "We are downgrading shares of TrueCar to Neutral from Buy. We have a growing set of concerns, some of which are macro-related while others are company-specific. While we wouldnt deem any one concern as enough to prompt a downgrade, the totality of our concerns are enough for us to move to the sidelines. Recall we upgraded shares last November when shares were trading below net cash, but we now view risk-reward as balanced. The most... More