TRUE - TrueCar May Be On The Cusp Of Growth Profitability And Higher Share Prices

2024-02-11 20:01:25 ET

Summary

• TrueCar is expected to maintain its momentum in the fourth quarter of 2023, with the likelihood of higher share prices.
• The company operates as a technology platform, connecting car buyers with certified dealers and offering local pricing information and inventory.
• TrueCar has set ambitious goals for the next three years, aiming for annual revenue of over $300 million and more than 10% free cash flow by the end of 2026.

Thesis

With fourth-quarter 2023 earnings results expected shortly , investors and potential investors will wonder if TrueCar, Inc. ( TRUE ) can maintain the momentum it gained in the third quarter....

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