Wednesday, November 23, 2016 9:26:28 AM
"So, digital advertising can slip hard during a market crash, as can cyclical stocks.
What happens to a stock that has a little of Column A and a little of Column B?
That’s the problem with TrueCar Inc. (TRUE), which makes money from ad fees on the purchase of automobiles. TrueCar has already been struggling of late, forcing the company to bring in a new CEO.
The main issues has been the difficulty in managing relations with dealers, such as Autonation, Inc. (AN), that have concerns about the way TRUE puts together its ratings.
The new CEO is taking swift action to change course, but this will be a tough transformation to make. Meanwhile, growth has been dismal, with TRUE’s revenues inching up a mere 2% while net losses reached $14.7 million.
TrueCar also must deal with rivals including pure plays like AutoTrader.com, Cars.com and Edmunds, as well as more diversified players including Alphabet and eBay Inc. (EBAY). Even dealers are investing in their own digital efforts, which could lead to less demand for ad services."
Recent TRUE News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 12:17:40 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 12:16:18 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 12:15:16 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 12:13:35 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 12:12:01 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 09:01:33 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/21/2024 09:42:03 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 09:20:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/16/2024 08:18:54 PM
- TrueCar Announces Appointment of Jill Angel as Chief Operating Officer • PR Newswire (US) • 08/16/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2024 10:12:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2024 10:08:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2024 10:05:47 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/06/2024 08:57:05 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 08/05/2024 09:18:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 08:20:01 PM
- TrueCar Releases Second Quarter 2024 Financial Results and Stockholder Letter • PR Newswire (US) • 08/05/2024 08:05:00 PM
- TrueCar to Announce Second Quarter 2024 Financial Results in Stockholder Letter on August 5 • PR Newswire (US) • 07/23/2024 01:00:00 PM
- TrueCar Continues to Revolutionize the Car Buying Experience with the Launch of the New TrueCar+ • PR Newswire (US) • 07/17/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/15/2024 11:09:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/15/2024 11:06:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 10:18:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 10:15:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 10:12:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 10:09:02 PM
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