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TRUE

TrueCar

$6.53

-0.23 (-3.40%)

06:14
03/25/19
03/25
06:14
03/25/19
06:14

TrueCar downgraded to Hold from Buy at Benchmark

  • 28

    May

TRUE TrueCar
$6.53

-0.23 (-3.40%)

02/15/19
RBCM
02/15/19
DOWNGRADE
Target $9
RBCM
Sector Perform
TrueCar downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital analyst Mark Mahaney downgraded TrueCar to Sector Perform and lowered his price target to $9 from $12 after its Q4 earnings miss and lowered FY19 guidance. The analyst says the company faced a series of "operational and execution challenges in addition to SEO headwinds that led to a decline in consumer traffic", anticipating difficult conditions to persist for most of 2019. Mahaney adds that he has underestimated TrueCar's execution challenges and sees it faced with "material" headwinds this year.
02/15/19
BNCH
02/15/19
NO CHANGE
Target $11
BNCH
Buy
TrueCar price target lowered to $11 from $16 at Benchmark
Benchmark analyst Daniel Kurnos said TrueCar's soft Q4 results and 2019 revenue guidance "finally proved the skeptics right," though he thinks that the majority of the negative news is now out in the open. While USAA negotiations remain a major risk, he believes a lack of options for both parties limits the likelihood of "a major blowup." Kurnos keeps a Buy rating on TrueCar, though he cut his price target on the stock to $11 from $16 and admits "perhaps we're missing our chance to get off the bus a stop too late."
02/15/19
CHLM
02/15/19
DOWNGRADE
Target $10
CHLM
Hold
TrueCar downgraded to Hold from Buy at Craig-Hallum
Craig-Hallum analyst Steve Dyer downgraded TrueCar to Hold from Buy and lowered his price target to $10 from $14 following weak results and guidance. In a research note to investors, Dyer says he remains optimistic on the company's product pipeline and long-term stock opportunity, but he thinks shares will be range bound for the next several quarters as near-term challenges and limited visibility will be an overhang on shares. Dyer thinks 2019 will be another year of product development and execution, and the fundamental inflection with revenue growth reacceleration and meaningful margin expansion is likely a 2020 event.
03/18/19
GSCO
03/18/19
INITIATION
Target $6
GSCO
Sell
TrueCar assumed with a Sell at Goldman Sachs
Goldman Sachs analyst Daniel Powell assumed coverage of TrueCar from analyst Heath Terry and maintained a Sell rating on the shares. He reduced the stock's price target to $6 from $7. Google search updates negatively impacted traffic growth in Q4 and the company expects continued pressure on traffic as it works to adjust its landing pages and user interface to adapt, Powell tells investors in a research note. The implications of slower spend growth amid structural challenges in traffic acquisition could disrupt long-term growth, Powell tells investors in a research note.

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FITB

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GOL

Gol Linhas

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NAVB

Navidea

$0.97

0.07 (7.78%)

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EFC

Ellington Financial

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BOOT

Boot Barn

$41.93

0.81 (1.97%)

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Boot Barn CEO: More than 80% of our business is in the store »

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ERIC

Ericsson

$9.24

0.1 (1.09%)

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GLD

SPDR Gold Shares

$137.59

-1.42 (-1.02%)

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PICO

PICO Holdings

$10.81

0.31 (2.95%)

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QHC

Quorum Health

$0.95

0.0522 (5.81%)

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SPRT

Support.com

$1.94

0.01 (0.52%)

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BXRX

Baudax Bio

$6.69

0.34 (5.35%)

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  • 16

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LMT

Lockheed Martin

$387.10

1.175 (0.30%)

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ENV

Envestnet

$71.72

1.27 (1.80%)

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NOC

Northrop Grumman

$344.79

0.4 (0.12%)

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SPRT

Support.com

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RZLT

Rezolute

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AMZN

Amazon.com

$1,750.79

10.2 (0.59%)

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Periodicals
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MGTA

Magenta Therapeutics

$13.29

0.3 (2.31%)

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Conference/Events
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IMH

IMPAC Mortgage

$5.63

-0.01 (-0.18%)

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ALEC

Alector

$19.74

0.33 (1.70%)

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ATAX

America First Multifamily Investors

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PNM

PNM Resources

$48.77

-0.06 (-0.12%)

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