Why Shares of TrueCar Are Slumping Today
Shares of online car-shopping service TrueCar (NASDAQ: TRUE) were sharply lower on Friday, after a so-so earnings report and news that a key partnership will end later this year.
As of 11:30 a.m. EST, TrueCar's shares were down about 13% from Thursday's closing price.
TrueCar's fourth-quarter earnings report brought both good news and bad news. The results themselves weren't great, but they did come in ahead of Wall Street estimates and the company's own guidance.
Source Fool.com
