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Fly News Breaks for July 10, 2015
AN, TRUE
Jul 10, 2015 | 07:58 EDT
After TrueCar (TRUE) lost its largest customer, AutoNation (AN), RBC Capital says that AutoNation did not represent a material portion of TrueCar's revenue or volume. The firm reports that AutoNation represented just 3% of TrueCar's Q1 revenue ,and RBC thinks that TrueCar will be able to replace much of the lost revenue by utilizing platform franchise dealers that are located near AutoNation dealers. The firm keeps a $23 price target and Outperform rating on TrueCar.
News For TRUE;AN From the Last 2 Days
AN
Apr 17, 2024 | 06:43 EDT
Guggenheim analyst Ronald Jewsikow raised the firm's price target on AutoNation to $169 from $165 and keeps a Buy rating on the shares. The firm updated estimates for its auto supplier and auto dealer coverage ahead of Q1 results from the group.
