TrueCar Inc reports results for the quarter ended June 30 - Earnings Summary

• TrueCar Inc TRUE.OQ reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of six analysts for the quarter was for a loss of 10 cents per share. Wall Street expected results to range from -12 cents to -7 cents per share.

• Revenue rose 12.4% to $47.00 million from a year ago; analysts expected $44.60 million.

• TrueCar Inc's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $7.63 million.

• TrueCar Inc shares had fallen by 15.3% this quarter and lost 56.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the online services peer group is "buy."

• Wall Street's median 12-month price target for TrueCar Inc is $2.75, about 28.4% above its last closing price of $1.97

This summary was machine generated from LSEG data August 7 at 01:11 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)