Tag Archives: true

TrueCar Sees April Car Sales Revving To Decade High

TrueCar (TRUE) projected that U.S. new car sales will rise 6.1% in April vs. the same month a year ago, to a seasonally adjusted annual rate of 16.8 million units. That would be up from an SAAR of 16.1 million cars last year and the highest level for that month in a decade, the auto pricing service provider said. Auto sales shifted into high gear on lingering momentum from a strong fiscal year-end close for Japanese automakers and strong consumer

TrueCar Hit As Coverage Initiated With Sell Rating

TrueCar (TRUE) stock fell Thursday following an analyst report saying its vehicle sales through dealers was slowing. TrueCar closed at 15.71, down 7.6% on heavy volume. Earlier, TrueCar stock fell as much as 11% to a nearly eight-month low of 15.10. TrueCar stock reached 24.71 on Dec. 26, near its all-time high of 25 set on Sept. 5. The company is a negotiation-free car-buying and -selling website that provides vehicle pricing and other

TrueCar Drives Home Q4 Double-Digit Revenue Growth

TrueCar (TRUE) late Thursday reported a breakeven Q4 and double-digit growth in revenue, with a 2015 outlook that slightly exceeds estimates. TrueCar said that its revenue rose 38% from the year-earlier quarter to $55.5 million, matching Wall Street estimates. The breakeven quarter compared with a 5-cent per-share loss in Q4 2013. The consensus estimate was a loss of 1 cent, as polled by Thomson Reuters. TrueCar is a negotiation-free car buying