In a report issued on November 8, Lee Krowl from B.Riley FBR maintained a Hold rating on TrueCar (TRUE – Research Report), with a price target of $4.50. The company’s shares closed last Monday at $4.78.
According to TipRanks.com, Krowl is a 4-star analyst with an average return of 18.7% and a 55.6% success rate. Krowl covers the Technology sector, focusing on stocks such as Limelight Networks, Rubicon Project, and Digital Turbine.
The word on The Street in general, suggests a Hold analyst consensus rating for TrueCar with a $4.50 average price target.
Based on TrueCar’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $24.06 million. In comparison, last year the company had a GAAP net loss of $6.25 million.
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TrueCar, Inc. engages in the operation of data-driven online platform which provides dealers and automakers with automobile information. It provides pricing transparency about what other people paid for their cars. The company products include Used Cars for Sale, Sell My Car, Local Pricing, and Lease a Car.