Is TrueCar's 12% Pop on Thursday Justified?

Daniel Miller, The Motley Fool
·1 min read
Is TrueCar's 12% Pop on Thursday Justified?

Shares of TrueCar (NASDAQ: TRUE), a digital automotive marketplace connecting consumers and certified dealers, are up 12% Thursday morning after the company delivered better than expected fourth-quarter financial results. TrueCar reported a 25% decline in revenue during the fourth quarter, down to $64 million. The company's fourth-quarter adjusted net loss checked in at $1.1 million, or a loss of $0.01 per share, which was still above analysts' estimates calling for a loss of $0.05 per share.