TrueCar (TRUE) Receives a Hold from Benchmark Co.


Benchmark Co. analyst Daniel Kurnos maintained a Hold rating on TrueCar (TRUE) today. The company’s shares closed yesterday at $7.21, close to its 52-week low of $5.95.

Kurnos wrote:

“We still see a path for OEM revenue to finish flattish as OEMs typically return to incentive spending in the back half of the year but the inconsistency in the channel is a bit disconcerting.”

According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 13.4% and a 56.6% success rate. Kurnos covers the Services sector, focusing on stocks such as Nexstar Media Group Inc, Booking Holdings Inc, and Sinclair Broadcast.

TrueCar has an analyst consensus of Hold, with a price target consensus of $8.42, a 16.8% upside from current levels. In a report issued on May 6, SunTrust Robinson also maintained a Hold rating on the stock with a $9 price target.

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The company has a one-year high of $14.55 and a one-year low of $5.95. Currently, TrueCar has an average volume of 1.41M.

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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.

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