TrueCar's Outlook Is Cloudy, Analyst Downgrades Stock Seeking More Visibility

JP Morgan analyst Rajat Gupta downgraded TrueCar, Inc. TRUE from Overweight to Neutral.This week, the company reported fourth-quarter EPS loss of 7 cents per share, falling short of the analyst consensus estimate of loss of 6 cents and revenue of $46.21 million, missed the consensus estimate of$47.29 million.The analyst cites the weakening tailwinds from inventory and limited visibility on a sustained turnaround in revenue and profits as reasons for the downgrade. The analyst writes that it was a disappoin ...