RBC Capital Raises Price Target on TrueCar (TRUE) to $12 Following 3Q Beat

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Go back to RBC Capital Raises Price Target on TrueCar (TRUE) to $12 Following 3Q Beat

TrueCar Appoints Erin Lantz and Wes Nichols to its Board of Directors

November 3, 2016 4:07 PM EDT

SANTA MONICA, Calif.,, Nov. 03, 2016 (GLOBE NEWSWIRE) -- TrueCar, Inc. (NASDAQ: TRUE) today announced two new additions to its Board of Directors: Erin Lantz, Vice President and General Manager of Mortgages at Zillow Group, and Wes Nichols, Senior Vice President of Strategy at Neustar, Inc. and co-founder and former co-CEO of MarketShare LLC, acquired by Neustar within the year.

Erin and Wes are both recognized as strategic technology leaders with a broad range of experience, said Chip Perry, president and chief executive officer of TrueCar. We welcome their unique perspectives and leadership as we continue to... More

TrueCar Reports Third Quarter 2016 Financial Results

November 3, 2016 4:06 PM EDT

Third 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) 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) 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) were a record... More