Why Shares of TrueCar Are Down More Than 13% Today

Online car-buying facilitator TrueCar (NASDAQ: TRUE) is having a tough day on Wall Street after reporting its second-quarter earnings and revising its 2017 forecast late on Tuesday. As of 12:41 p.m. EDT on Wednesday, TrueCar's shares were trading at $16.95, down 13.1% from Tuesday's closing price.

TrueCar's Q2 numbers, for the most part, were quite good. Adjusted for employee stock-option costs and one-time items, it earned $0.01 per share on revenue of $81.8 million -- slightly ahead of analysts' consensus estimate.

Image source: TrueCar

Source: Fool.com