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TRUE

TrueCar

$11.36

0.04 (0.35%)

16:22
08/09/18
08/09
16:22
08/09/18
16:22

TrueCar reports Q2 EPS 3c, consensus 3c

Reports Q2 revenue $87.9M, consensus $87.89M. Our results in the second quarter are in line with our expectations and we are maintaining our full year revenue and Adjusted EBITDA guidance. Our execution to date sets us up to continue to perform against each of our key strategies in the third and fourth quarters, unlocking double digit revenue growth in the second half of this year," said John Pierantoni, Interim Chief Financial Officer. Chip Perry, TrueCar's President and Chief Executive Officer, continued, "We are laser-focused on implementing the changes in our business that will enable us to return to a 20% growth rate next year. We expect this growth to flow from our upcoming, powerful new consumer experience supported by larger marketing spend, the accelerating growth of our Trade and OEM products, and ongoing expansion of our dealer network."

  • 09

    Aug

TRUE TrueCar
$11.36

0.04 (0.35%)

03/22/18
BNCH
03/22/18
INITIATION
Target $18
BNCH
Buy
TrueCar initiated with a Buy at Benchmark
Benchmark started TrueCar with a Buy rating and $18 price target.
03/22/18
BNCH
03/22/18
INITIATION
Target $42
BNCH
Buy
Benchmark starts online automotive advertising marketplace with two buys
Benchmark analyst Daniel Kurnos rolled out coverage of the online automotive advertising marketplace with two Buys and one Hold rating. The analyst initiated CarGurus (CARG) and TrueCar (TRUE) with Buy ratings and price targets of $42 and $18, respectively. Kurnos also started Cars.com (CARS) with a Hold rating and no price target. The entire space is poised to benefit from positive secular tailwinds during the next five years as more money shifts to digital channels, Kurnos tells investors in a research note. His survey of 54 dealer and dealer groups indicates the online automotive advertising marketplace is not a winner-take-all scenario, but rather a "rising tide environment." The survey also indicated a "relatively unfavorable outlook and sentiment" regarding Cars.com.
04/04/18
DADA
04/04/18
INITIATION
Target $9.75
DADA
Neutral
TrueCar initiated with a Neutral at DA Davidson
DA Davidson analyst Tom White initiated TrueCar with a Neutral rating and a price target of $9.75. White states that the company's online car buying platform empowers consumers with transaction prices on car sales in their local market, and its business model could be disruptive in the automotive marketing industry. However, the analyst also notes the rising competition in the online auto marketplace, opting to await more concrete signs that TrueCar's efforts are translating into rising conversion rates as it targets 20% growth and margin expansion in FY19.
06/07/18
GSCO
06/07/18
DOWNGRADE
Target $9
GSCO
Sell
TrueCar downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Christopher Merwin downgraded TrueCar (TRUE) to Sell and lowered his price target for the shares to $9 from $11. Growing competition in the auto vertical creates further downside in the shares, which are already down 12% year-to-date, Merwin tells investors in a research note. He notes that as of Q1, CarGurus (CARG) had reached 18% audience market share, relative to 4% for TrueCar, according to comScore. The analyst believes TrueCar may have to step up marketing to reclaim audience market share, creating risk to consensus revenue growth estimates.

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SIBN

SI-BONE

$0.00

(0.00%)

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AMX

America Movil, also tag AMOV

$15.77

0.38 (2.47%)

, AMOV

America Movil, also tag AMX

$15.03

(0.00%)

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America Movil reports Q3 net income MXN18.96B vs. MXN2.52B last year »

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AMX

America Movil, also tag AMOV

$15.77

0.38 (2.47%)

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America Movil, also tag AMX

$15.03

(0.00%)

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ABT

Abbott

$70.94

2.22 (3.23%)

, USB

U.S. Bancorp

$50.97

0.44 (0.87%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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ABT

Abbott

$70.94

2.22 (3.23%)

USB

U.S. Bancorp

$50.97

0.44 (0.87%)

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ADTN

Adtran

$18.15

1.08 (6.33%)

20:24
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Earnings
Adtran reports Q3 adjusted EPS 21c, consensus 4c »

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  • 17

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WAFD

Washington Federal

$29.75

0.45 (1.54%)

20:02
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20:02
Earnings
Washington Federal reports Q4 EPS 62c, consensus 62c »

Reports Q4 NII $124.8M…

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  • 07

    Nov

UNH

UnitedHealth

$272.24

12.44 (4.79%)

19:30
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19:30
Recommendations
UnitedHealth analyst commentary at Piper Jaffray »

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  • 16

    Oct

CDAY

Ceridian

$38.44

1.38 (3.72%)

19:25
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Conference/Events
Ceridian to hold a conference »

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  • 16

    Oct

HMC

Honda

$27.70

0.65 (2.40%)

19:07
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19:07
Periodicals
Honda Aircraft sees higher light jet deliveries next year, Reuters says »

Honda Aircraft co-CEO…

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  • 24

    Oct

VALE

Vale

$15.50

0.045 (0.29%)

18:59
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Periodicals
Vale plans to use cash flow cautiously going forward, Reuters says »

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VICR

Vicor Corporation

$38.35

1.42 (3.85%)

, NFLX

Netflix

$346.40

13.29 (3.99%)

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Fly Intel: After Hours Movers »

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VICR

Vicor Corporation

$38.35

1.42 (3.85%)

NFLX

Netflix

$346.40

13.29 (3.99%)

LRCX

Lam Research

$145.33

2.72 (1.91%)

AMAT

Applied Materials

$34.76

1.33 (3.98%)

UAL

United Continental

$83.51

2.17 (2.67%)

FULT

Fulton Financial

$16.39

0.29 (1.80%)

CSX

CSX

$72.15

1.29 (1.82%)

CREE

Cree

$37.56

2.53 (7.22%)

ROKU

Roku

$63.67

1.97 (3.19%)

IBM

IBM

$145.02

3.9 (2.76%)

UFPI

Universal Forest

$34.08

1.27 (3.87%)

SONC

Sonic

$43.27

-0.03 (-0.07%)

EIGR

Eiger BioPharmaceuticals

$10.88

0.63 (6.15%)

SBH

Sally Beauty

$18.91

0.42 (2.27%)

03/08/13
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NFLX

Netflix

$346.40

13.29 (3.99%)

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Netflix says it has a 'long, long runway' in India »

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  • 16

    Oct

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CBL

CBL & Associates

$3.52

0.085 (2.48%)

, SHLD

Sears

$0.40

0.09 (29.03%)

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CBL

CBL & Associates

$3.52

0.085 (2.48%)

SHLD

Sears

$0.40

0.09 (29.03%)

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  • 30

    Oct

VZ

Verizon

$53.68

0.08 (0.15%)

18:26
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Verizon says Bay, Gulf counties customers to be credited 3 months of service »

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  • 12

    Nov

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    Nov

BMO

Bank of Montreal

$80.19

0.93 (1.17%)

18:09
10/16/18
10/16
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Periodicals
Bank of Montreal names Wolford investment banking vice chair, Reuters says »

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  • 24

    Oct

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SFTBF

SoftBank

$0.00

(0.00%)

18:02
10/16/18
10/16
18:02
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18:02
Periodicals
SoftBank COO says 'anxiously' looking at Saudi Arabia situation, Reuters says »

SoftBank COO Marcelo…

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  • 16

    Oct

IBM

IBM

$145.02

3.9 (2.76%)

18:01
10/16/18
10/16
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18:01
Hot Stocks
IBM sees growth in cloud overall »

Says incremental cash…

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  • 16

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  • 03

    Mar

CELC

Celcuity

$26.90

0.4 (1.51%)

, PBYI

Puma Biotechnology

$42.22

1.17 (2.85%)

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Celcuity, Puma Biotechnology and West Cancer Center to conduct Phase 2 trial »

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CELC

Celcuity

$26.90

0.4 (1.51%)

PBYI

Puma Biotechnology

$42.22

1.17 (2.85%)

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  • 19

    Oct

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DVN

Devon Energy

$37.08

0.98 (2.71%)

17:51
10/16/18
10/16
17:51
10/16/18
17:51
Recommendations
Devon Energy analyst commentary at MUFG »

Devon Energy price target…

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VIA

Viacom

$36.07

1.11 (3.18%)

, VIAB

Viacom

$32.83

1.05 (3.30%)

17:51
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17:51
Periodicals
Viacom launches Nickelodeon Chinese Animation Development Project, Variety says »

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VIA

Viacom

$36.07

1.11 (3.18%)

VIAB

Viacom

$32.83

1.05 (3.30%)

IQ

iQIYI

$25.91

-0.19 (-0.73%)

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  • 16

    Oct

BHP

BHP Billiton

$48.48

0.38 (0.79%)

17:38
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10/16
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Hot Stocks
BHP Billiton reports Q1 iron ore output 61.4M tons, up 10% from last year »

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UBER

Uber

$0.00

(0.00%)

17:37
10/16/18
10/16
17:37
10/16/18
17:37
Periodicals
Uber increases junk-bond offering to $2B, Bloomberg says »

Uber has boosted the size…

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IBM

IBM

$145.02

3.9 (2.76%)

17:32
10/16/18
10/16
17:32
10/16/18
17:32
Hot Stocks
IBM says growth was led by hybrid cloud, analytics and AI, digital and security »

Says remains on track…

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