|Over a week ago|
TrueCar launches "Buy from Home" badging » 09:1403/2603/26/20
TrueCar launched "Buy from Home" badging as an immediate solution designed to help consumers and dealers safely and remotely navigate car buying in response to social distancing guidelines during COVID-19. 'Buy from Home' badging identifies TrueCar Certified Dealers offering a suite of three features to consumers, as dealers pivot to offering more remote retailing services. Dealers badged with "Buy from Home" on the TrueCar platform are offering the following three features: Remote paperwork processing; Home vehicle delivery; Verified vehicle sanitization. Consumers using TrueCar will continue to have access to the latest automaker discounts that they may be able to take advantage of toward their purchase.
Stephens still sees 'decent chance' of TrueCar being acquired » 07:4703/1303/13/20
After having hosted…
After having hosted TrueCar's management team for conference calls, Stephens analyst Kyle Evans said he continues to believe there is a "decent chance" the company could get acquired by one of the used car platform operators for $4 per share or more. He was also encouraged by TrueCar CEO Mike Darrow's 100,000 share purchase yesterday, said Evans, who keeps an Overweight rating and $4 price target on the stock.
TrueCar appoints Mike Darrow as president, CEO » 09:0203/1003/10/20
TrueCar announced that…
TrueCar announced that Mike Darrow has been appointed president and CEO of TrueCar, Inc., and will assume a seat on TrueCar's Board of Directors. Mike Darrow has been with TrueCar for three years, having served as interim president and CEO since May 31, 2019, following the retirement of TrueCar's former president and CEO Chip Perry.
|Over a month ago|
TrueCar price target lowered to $4 from $5 at Craig-Hallum » 09:0302/2102/21/20
Craig-Hallum analyst Steve Dyer maintained a Hold rating on TrueCar (TRUE) and lowered his price target on shares to $4 from $5, citing the end of the 13-year affinity partnership with USAA in September, which he sees "adding even more uncertainty to a business in transition." The analyst said he would remain on the sidelines despite solid earnings results, an improved customer experience, and 19% year-over-year traffic growth, as those aspects were overshadowed by the upcoming loss of its largest affinity partner, USAA, which represented 29% of units in 2019 and creates a significant headwind beginning in Q4 of 2020.
Fly Intel: Pre-market Movers » 09:0002/2102/21/20
S, TMUS, CHWY, DE, DBX, SFM, CNK, FSLR, TRUE, ZS, AGRX, BXC
HIGHER: Sprint (S), up 6%…
HIGHER: Sprint (S), up 6% after modifying the T-Mobile (TMUS) combination agreement and announcing the deal could close as early as April 1... Chewy (CHWY), up 4% after RBC Capital analyst Mark Mahaney upgraded shares to Outperform from Sector Perform with an unchanged $38 price target. The analyst sees FY20 as a profitability inflection year for the company and believes that the stock offers a "highly favorable" risk-reward. UP AFTER EARNINGS: Deere (DE), up 6%... Dropbox (DBX), up 15%... Sprouts Farmers Market (SFM), up 9%. DOWN AFTER EARNINGS: Cinemark (CNK), down 5%... First Solar (FSLR), down 10%... TrueCar (TRUE), down 28%... Zscaler (ZS), down 13%. ALSO LOWER: T-Mobile, down 1% after Raymond James analyst Ric Prentiss downgraded the stock to Outperform from Strong Buy with a price target of $107, up from $99... Agile Therapeutics (AGRX), down 13% after its 15M share spot secondary offering priced at $3.00 per share... BlueLinx Holdings (BXC), down 28% after the company responded to a press release issued by an investment firm that goes by the name of Bluefin Acquisitions, which claimed that it was making a tender offer to acquire at least 35% of the company's common stock at a price of $24.50 per share. "The company was not aware of this purported offer," BlueLinx stated in its response last night after the market close.
TrueCar loss of USAA likely to drives shares toward $2, says Stephens » 07:4802/2102/21/20
TRUE, CARS, CARG
Stephens analyst Kyle…
Stephens analyst Kyle Evans lowered the firm's price target on TrueCar (TRUE) shares to $4 from $8 after the company reported it is losing partner USAA, which accounts for almost 30% of unit volume. While he expects the stock to trade down towards $2, or near its net cash position, following the news, Evans also believes TrueCar should sell the business to one of the used car platforms, such as Autotrader, Cars.com (CARS) or CarGurus (CARG), and thinks "something in the $4-$5 per share range is possible" in such a hypothetical deal. He keeps an Overweight rating on TrueCar shares, which are down $1.01, or 25.8%, to $2.90 in pre-market trading.
Fly Intel: After Hours Movers » 19:0302/2002/20/20
EHTH, AERI, ZIXI, BAND, DBX, NCMI, TXRH, SFM, GLOB, SSRM, PRA, CATM, SBAC, FND, BXRX, S, TRUE, FSLR, LTHM, ZS, APPN, CNDT, BOOM, PBYI, BLDR, FSLY, BYD, ENV, CUBE, BJRI, ROG, COG, OLED, OEC, NBR, CVA, VICI, ASPN, FIT
UP AFTER EARNINGS:…
UP AFTER EARNINGS: eHealth (EHTH) up 17.7%... Aeri Pharma (AERI) up 15.1%... Zix Corp (ZIXI) up 11.9%... Bandwidth (BAND) up 11.7%... Drobox (DBX) up 10.9%... National CineMedia (NCMI) up 8.0%... Texas Roadhouse (TXRH) up 7.2%... Sprouts Farmers (SFM) up 6.1%... Globant (GLOB) up 5.1%... SSR Mining (SSRM) up 4.4%... Pro Assurance (PRA) up 3.2%... Cardtronics (CATM) up 2.4%... SBA Communications (SBAC) up 1.9%... Floor&Decor (FND) up 1.4%. ALSO HIGHER: Baudax Bio (BXRX) up 21.5% after FDA approval of Anjeso for pain management... Sprint (S) up 5.2% after modifying T-Mobile combination closing as early as Apr. 1st. DOWN AFTER EARNINGS: TrueCar (TRUE) down 23.5%... First Solar (FSLR) down 13.7%... Livent Corp (LTHM) down 13.2%... Zscaler (ZS) down 12.3%... Appian Corp (APPN) down 10.6%... Conduent (CNDT) down 9.7%... DMC Global (BOOM) down 9.7%... Puma Biotechnology (PBYI) down 8.1%... Builders FirstSource (BLDR) down 7.7%... Fastly (FSLY) down 5.7%... Boyd Gaming (BYD) down 5.0%... Envestnet (ENV) down 4.3%... CubeSmart (CUBE) down 4.1%... BJ's Restaurants (BJRI) down 3.9%... Rogers Corp (ROG) down 3.9%... Cabot Oil (COG) down 3.8%... Universal Displays (OLED) down 2.9%... Orion Engineered Carbons (OEC) down 2.6%... Nabors (NBR) down 2.6%... Covanta Holding (CVA) down 2.4%... Vici Properties (VICI) down 1.9%... Aspen Aerogels (ASPN) down 1.6%... Fitbit (FIT) down 1.2%. Movers as of 18:30ET.
TrueCar sees FY20 revenue $335M-$355M, consensus $367.46M 16:1602/2002/20/20
TrueCar sees Q1 revenue $87M-$89M, consensus $86.92M 16:1402/2002/20/20
TrueCar reports Q4 EPS (1c), consensus (4c) » 16:1402/2002/20/20
Reports Q4 revenue…
Reports Q4 revenue $89.67M, consensus $88.05M.