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Why TrueCar Stock Is Up Over 10% Today

TheMotleyFool

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Shares of online car-shopping service TrueCar (NASDAQ: TRUE) were on the rebound on Monday, after a post-earnings drop on Friday eliminated over a quarter of their value.

As of 2:30 p.m. EDT, the stock was up about 12% from Friday's close.

TrueCar reported after the bell last Thursday that its second-quarter results had missed Wall Street's estimates as well as its own prior guidance. The company also made a significant cut to its full-year 2019 guidance, saying that this year's results will fall short of 2018's.

Source Fool.com

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