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Fly News Breaks for May 18, 2015
TRUE
May 18, 2015 | 09:00 EDT
After analyzing the potential impact of TrueCar's TrueCash and TrueTrade, JMP Securities says that in a base case scenario the products could increase the company's 2016 EBITDA and revenue 36% and 7% beyond its current projections, respectively. The firm says that over the longer term, given attach rates in-line with competitors, the products could raise TrueCar's revenue and EBITDA by 37% and 159%. The firm reiterates a $24 price target and Outperform rating on the shares.
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