Expect More Pain for TrueCar After Its CEO Departs [The Motley Fool]
TrueCar, Inc. (TRUE)
Last truecar, inc. earnings: 2/20 04:03 pm
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US:NASDAQ Investor Relations:
ir.true.com/investor-relations
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Source: The Motley Fool
Expect More Pain for TrueCar After Its CEO Departs TrueCar ( NASDAQ:TRUE Unfortunately, there will likely be more pain ahead. A parade of departing executives has cast a shadow over the company's future prospects. Most notably, the company's venerable CEO Chip Perry resigned in June 09 Image source: Getty Images. An algorithm problem Trouble started to brew in mid-08 after changes to Google's caused a steep decline in TrueCar's website traffic TrueCar saw its revenue growth rate flatten out quickly after the Google algorithm change. After promising revenue growth as high as 0% for 08, the company fell far short, delivering growth of 9%. TrueCar then slashed forward guidance for 09 to imply mid-single-digit growth. This was a big reset from the 0% growth rate forecast just six months prior. The company pledged to fix the issues by modifying its car listing pages to better suit the new search engine algorithm. Quick fixes to the company's platform are now possible due to a recent rebuil
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News
- SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of TrueCar, Inc. (TRUE) and Encourages Investors to Contact the FirmAccesswire
- TrueCar, Inc. (NASDAQ: TRUE) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- TrueCar, Inc. (NASDAQ:TRUE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- TrueCar, Inc. (NASDAQ: TRUE) had its price target lowered by analysts at Needham & Company LLC from $4.50 to $4.00. They now have a "buy" rating on the stock.MarketBeat
- TrueCar (TRUE) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
TRUE
Earnings
- 4/29/24 - In-Line
TRUE
Sec Filings
- 5/6/24 - Form 10-Q
- 4/29/24 - Form 8-K
- 4/15/24 - Form 4
- TRUE's page on the SEC website