In a report released today, Naved Khan from SunTrust Robinson maintained a Hold rating on TrueCar (TRUE), with a price target of $4.00. The company’s shares closed last Friday at $3.75.
According to TipRanks.com, Khan is a 5-star analyst with an average return of 21.2% and a 66.0% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, Zillow Group, and CarGurus.
TrueCar has an analyst consensus of Hold, with a price target consensus of $3.19.
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Based on TrueCar’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $83.53 million and GAAP net loss of $10.67 million. In comparison, last year the company earned revenue of $85.58 million and had a GAAP net loss of $14.37 million.
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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. The company was founded by Thomas Taira, James Nguyen, Scott Painter, and Bernard Brenner in February 2005 and is headquartered in Santa Monica, CA.
