r*******l
发帖数: 54 | 5 NEW YORK (TheStreet) -- Shares of TrueCar (TRUE) were falling 6.5% to $15.90
Thursday after B. Riley initiated coverage of the online auto pricing
company with a "sell" rating.
The analyst firm set a price target for $10 for the company. B. Riley
analysts said that "the company's core business - enabling vehicle sales
through dealers - is slowing materially as TRUE achieves peak dealer
penetration and slowdown in units sold per dealer." Riley analysts find a
major acceleration in transaction revenue in the second half of 2105
unlikely for TrueCar. "Additionally, the highly competitive nature of the
industry and TRUE's attempt to increase mindshare should keep advertising,
revenue share and product development expenses high, reducing operating
leverage potential," the analysts wrote.
The analyst firm also said it believes TrueCar is understating its Sales/
Market cost by excluding non-cash warrant expenses from its adjusted EBITDA.
【在 r*******l 的大作中提到】
: Haven't found any bad news.
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