Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why TrueCar Stock Was Rising Today

TheMotleyFool

0 0

As of 10 a.m. EDT on Monday, TrueCar (NASDAQ: TRUE) shares were up about 6.1% from Friday's closing price. The stock has gained over 35% since the online car-shopping service delivered a better-than-expected second-quarter report after the market closed on Thursday.

Image source: TrueCar.

TrueCar's revenue fell 29% year over year in Q2 to $62.7 million -- a not-too-surprising decline given that U.S. auto sales fell 33% during the quarter -- but the plunge was considerably smaller than Wall Street had expected. As for the bottom line, its adjusted earnings of $0.04 per share soundly beat the $0.07 per share loss that the analysts had forecast.

Source Fool.com

Like: 0

TRUE

Share