RBC Capital Upgrades TrueCar Inc to Outperform with Price Target $17

Brokerage firm RBC Capital Upgrades its rating on TrueCar Inc(TRUE). As per the latest information, RBC Capital Raises the price target to $17 per share from a prior target of $12. The shares have been rated Outperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by RBC Capital was issued on Feb 6, 2017.

In a different note, On Jan 9, 2017, JMP Securities said it Upgrades its rating on TrueCar Inc. The shares have been rated ‘Market Outperform’ by the firm.

TrueCar Inc(TRUE) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $66.43M. Analysts had an estimated revenue of $65.52M. Earnings per share were $-0.05. Analysts had estimated an EPS of $-0.10.

Several Insider Transactions has been reported to the SEC. On Nov 28, 2016, Robert Buce (director) sold 40,100 shares at $12.60 per share price.Also, On Nov 23, 2016, Brian Skutta (EVP, Dealer Sales & Service) sold 4,081 shares at $12.81 per share price.On Nov 22, 2016, John Pierantoni (SVP, Chief Accounting Officer) sold 1,769 shares at $12.74 per share price, according to the Form-4 filing with the securities and exchange commission.

TrueCar Inc. (TrueCar) is a data-driven online platform operating on a common technology infrastructure powered by data and analytics. The Company operates its Company-branded platform on its TrueCar.com Website. In addition it customizes and operates its platform on a co-branded basis for its affinity group marketing partners including financial institutions such as USAA and American Express; membership-based organizations such as Consumer Reports AARP and AAA and employee buying programs for enterprises such as IBM and Walmart. The Company enables users to obtain market-based pricing data on new and used cars and to connect with its network of TrueCar Certified Dealers. It also allows automobile manufacturers known in the industry as original equipment manufacturers (OEMs) to connect with TrueCar users in the purchase process.

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