TRUECAR sees a downgrade to Negative on account of less fundamental stars
The independent financial analyst theScreener just lowered the general evaluation of TRUECAR (US), active in the Internet industry. As regards its fundamental valuation, the title now shows 2 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Negative. As of the analysis date January 21, 2022, the closing price was USD 3.15 and its target price was estimated at USD 2.66.TrueCar is an internet-based information, technology, and communication services company. The company helps consumers by providing information related to what others have paid for a make, model and trim of car in their area and guaranteed savings off the manufacturer's suggested retail price for that make, model and trim, as well as, in instances, price offers on actual vehicle inventory, which it refers to as Vehicle Identification Number-based offers, from its network of TrueCar Certified Dealers. The company's network of TrueCar Certified Dealers consisted mainly of new car franchises, representing various makes of cars, as well as independent dealers selling used vehicles.
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