TrueCar faces headwinds from COVID-19, Russia-Ukraine war - DA Davidson

TrueCar

11/05/2022 15:00

** DA Davidson sees headwinds for automotive marketplace
 TRUE.O  from COVID-related supply chain disruptions and the
Russia-Ukraine war
    ** Lowers PT to $3.25 from $3.50 on lower forecasted unit
monetization and weaker original equipment manufacturer revenue 
    ** "We imagine the stock could get interesting at some point
later this year if the company shows signs it can stabilize/grow
its core business" - brokerage
    ** One of 8 brokerages rate the stock "buy" or higher, 6
"hold" and 1 "sell" or lower; their median PT is $4.25
    ** YTD, TRUE down ~17% 

 (Reporting by Nathan Gomes in Bengaluru)
 ((Nathan.Gomes@thomsonreuters.com;))