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4-Traders Homepage  >  Equities  >  Nasdaq  >  TrueCar Inc    TRUE

TRUECAR INC (TRUE)
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Delayed Quote. Delayed  - 06/19 10:00:00 pm
10.53 USD   -2.41%
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TrueCar Inc : FINAL DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Securities Class Action Lawsuit Against TrueCar, Inc. and Encourages Investors With Losses to Contact The Firm

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06/01/2018 | 05:45pm CEST

LOS ANGELES, CA / ACCESSWIRE / June 1, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against TrueCar, Inc. (''the Company'') (NASDAQ: TRUE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Image: https://www.accesswire.com/uploads/Schall.jpg

Investors who purchased the Company's shares between February 16, 2017 and November 6, 2017, inclusive (the ''Class Period'') are encouraged to contact the firm before June 1, 2018.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company issued false and/or misleading statements and/or failed to disclose that: (1) the largest source of TrueCar's revenue, the United States Automobile Association (''USAA''), had been planning significant changes to its website that would have a material adverse effect on the volume of purchases generated by USAA; (2) USAA made significant changes to its website that would have a material adverse effect on the volume of purchases generated by USAA; (3) the changes to USAA's website maintained by TrueCar caused a material adverse effect on the volume of purchases generated by USAA; and (4) as a result, defendants' statements about TrueCar's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis. When the truth was revealed to the investing public, shares dropped, causing shareholders harm.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
Schallfirm.com

SOURCE: The Schall Law Firm


© Accesswire 2018
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News from SeekingAlpha
06/07TrueCar -3.8% after Goldman downgrade on competitive pressure 
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05/08TrueCar's (TRUE) CEO Chip Perry on Q1 2018 Results - Earnings Call Transcript 
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Financials ($)
Sales 2018 361 M
EBIT 2018 14,0 M
Net income 2018 -26,4 M
Finance 2018 206 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 2,44x
EV / Sales 2019 2,10x
Capitalization 1 089 M
Chart TRUECAR INC
Duration : Period :
TrueCar Inc Technical Analysis Chart | TRUE | US89785L1070 | 4-Traders
Technical analysis trends TRUECAR INC
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 13,5 $
Spread / Average Target 29%
EPS Revisions
Managers
NameTitle
Victor Anthony Perry President, Chief Executive Officer & Director
Christopher W. Claus Chairman
John Pierantoni Senior VP, Chief Financial & Accounting Officer
Tommy McClung Chief Technology Officer & Executive VP
Ion Yadigaroglu Independent Director
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