Why Shares of TrueCar Are Slumping Today

Shares of online car-shopping service TrueCar (NASDAQ: TRUE) were sharply lower on Friday, after a so-so earnings report and news that a key partnership will end later this year. 

As of 11:30 a.m. EST, TrueCar's shares were down about 13% from Thursday's closing price.

TrueCar's fourth-quarter earnings report brought both good news and bad news. The results themselves weren't great, but they did come in ahead of Wall Street estimates and the company's own guidance. 

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Source Fool.com