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Stock Market & Financial Investment News

News Breaks
May 16, 2014
10:48 EDTTRUETrueCar indicated to open at $9.50
TrueCar (TRUE) priced 7.775M shares at $9.00. Goldman, JPMorgan and RBC Capital acted as joint book running managers for the offering.
News For TRUE From The Last 14 Days
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August 3, 2015
07:07 EDTTRUETrueCar sees July U.S. auto sales revenue to reach $47B, up 2.1%
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July 29, 2015
14:06 EDTTRUETrueCar, Sonic Automotive reach settlement in trademark dispute
TrueCar (TRUE) and Sonic Automotive (SAH) jointly announced that they have reached a settlement in TrueCar’s lawsuit pending in the United States District Court in Los Angeles. In the litigation, TrueCar established its sole and exclusive rights to its TRUECAR trademark and TRUE family of trademarks and Sonic has agreed to transfer to TrueCar all rights to and use of its TRUE PRICE, TRUE VIEW and all other TRUE-related marks.
July 24, 2015
16:22 EDTTRUEOn The Fly: Top stock stories for Friday
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12:54 EDTTRUEOn The Fly: Top stock stories at midday
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10:00 EDTTRUEOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abaxis (ABAX) downgraded to Hold from Buy at Canaccord... Buffalo Wild Wings (BWLD) downgraded to Neutral from Buy at Dougherty... CF Industries (CF) downgraded on nitrogen outlook at RBC Capital... Capital One (COF) downgraded to Neutral from Overweight at JPMorgan... Cepheid (CPHD) downgraded to Sell from Hold at Evercore ISI... Constant Contact (CTCT) downgraded to Neutral from Outperform at Baird... Equifax (EFX) downgraded to Neutral from Outperform at Baird... Hannover Re (HVRRY) downgraded to Underweight from Neutral at JPMorgan... IAMGOLD (IAG) downgraded to Underperform from Market Perform at Raymond James... MSA Safety (MSA) downgraded to Neutral from Accumulate at Global Hunter... MTU Aero (MTUAY) downgraded to Underperform from Buy at BofA/Merrill... Macy's (M) downgraded to Underweight from Neutral at Atlantic Equities... Sunesis (SNSS) downgraded to Hold from Buy at Cantor... Superior Drilling (SDPI) downgraded to Hold from Buy at Wunderlich... TrueCar (TRUE) downgraded to Equal Weight from Overweight at Stephens... United Rentals (URI) downgraded to Outperform from Top Pick at RBC Capital... WESCO (WCC) downgraded to Equal Weight from Overweight at Stephens.
09:09 EDTTRUETrueCar outlook still positive, says JMP Securities
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09:04 EDTTRUETrueCar downgraded to Hold from Buy at Craig-Hallum
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07:35 EDTTRUETrueCar downgraded to Equal Weight from Overweight at Stephens
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06:41 EDTTRUETrueCar downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital downgraded TrueCar to Sector Perform following the company's negative Q2 preannouncement and reduced guidance and lowered its price target on shares to $9. TrueCar was also downgraded at Goldman Sachs and JPMorgan this morning.
06:21 EDTTRUETrueCar downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded TrueCar to Neutral citing limited visibility after the company negatively preannounced Q2 and cut its guidance. The firm lowered its price target for shares to $12 from $23. TrueCar was also downgraded this morning at Goldman Sachs.
05:30 EDTTRUETrueCar downgraded to Neutral from Buy at Goldman
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July 23, 2015
19:06 EDTTRUEOn The Fly: After Hours Movers
UP AFTER EARNINGS: Amazon (AMZN), up 17.2%... Marketo (MKTO), up 15.4%... Juniper Networks (JNPR), up 9.9%... NetGear (NTGR), up 9.2%... Qlik Technologies (QLIK), up 9.1%... LogMeIn (LOGM), up 9.9%... Pandora (P), up 10.3%... Mitek Systems (MITK), up 7.8%... Proofpoint (PFPT), up 5.1%... Supreme Industries (STS), up 4.7%... Skyworks (SWKS), up 3.6%... IGI Laboratories (IG), up 3.7%... Maxim Integrated Products (MXIM), up 4.1%... Boyd Gaming (BYD), up 4.1%... Trinity Industries (TRN), up 5%... Trinity Industries (N), up 3.2%... Starbucks (SBUX), up 4.5%. ALSO HIGHER: Qorvo (QRVO), up 2.7% after Skyworks reported quarterly results. DOWN AFTER EARNINGS: TrueCar (TRUE), down 33.1% after reporting quarterly results and cutting fiscal 2015 revenue guidance... Tripadvisor (TRIP), down 9.2%... Align Technology (ALGN), down 7.4%... Capital One (COF), down 4.9%... PMC-Sierra (PMCS), down 9.1%... athenahealth (ATHN), down 2.1%. ALSO LOWER: Sunesis Pharmaceuticals (SNSS), down 59.7% after giving vosaroxin regulatory update... Avalanche Biotechnologies (AAVL), down 5.6% after CEO Thomas Chalberg, Jr., Ph.D. resigns and Hans Hull name interim CEO.
16:53 EDTTRUETrueCar down 28% after cutting FY15 revenue outlook
16:53 EDTTRUETrueCar CEO says 'experienced execution challenges' in Q2
"While we set new records for units, revenue and dealer count within the quarter, we experienced execution challenges in meeting our growth expectations," said Scott Painter, TrueCar's Founder and CEO. "Although our traffic growth was not as strong as anticipated, the six million consumers we talk to at the top of the funnel are enough for us to achieve our unit and revenue goals. In order to achieve those goals, we are re-focusing on the core experience all the way from the initial engagement of the consumer on the front end of the experience through to post-sale engagement for feedback. Additionally, we recognize that TrueCar Certified Dealers are a key element of that experience for our users, and we intend to highlight the benefits of working with our dealers in a more direct way throughout the experience. Finally, we will be narrowing our set of technology and development priorities to make sure that we innovate faster on our key, mobile-related feature sets that we expect to be a primary driver of improved NFE."
16:51 EDTTRUETrueCar lowers FY15 revenue view to $252M-$258M from $280M-$290M
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16:49 EDTTRUETrueCar sees Q2 revenue $65M-$65.3M, consensus $68.62M
Q2 net loss expected to be in the range of ($15M)-($15.5M.) TrueCar's Adjusted EBITDA for the second quarter is expected to be in the range of ($0.20M) to $0.30M.

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