Craig-Hallum Upgrades TrueCar (TRUE) to Buy
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TrueCar Reports Third Quarter 2016 Financial Results
November 3, 2016 4:06 PM EDTThird quarter total revenue up 4% from a year ago to $75.1 million.Third quarter net loss of $(7.4) million, or $(0.09) per share, compared to net loss of $(11.1) million, or $(0.13) per share, in the third quarter of 2015.Third quarter Non-GAAP net loss(1)Â of $(1.0) million, or $(0.01) per share, compared to Non-GAAP net loss of $(2.1) million, or $(0.03) per share, in the third quarter of 2015.Third quarter Adjusted EBITDA(2)Â of $5.8 million, representing an Adjusted EBITDA margin of 7.7%, compared to Adjusted EBITDA of $2.7 million, representing an Adjusted EBITDA margin of 3.7%, in the third quarter of 2015.Units(3)Â were a record... More
