Investors Park TrueCar Off Wall Street Following Guidance Shortfall

Car price analytics provider TrueCar Inc TRUE saw a 16-point share price tumble after reporting a greater loss per share than expected in the fourth quarter and adjusting guidance significantly below consensus.

The company lost $0.06 cents a share in the fourth quarter when the Street was only expecting a loss of $0.04. Sales came short at $63.6 million, under the Street's $65.43 million figure.

The company issued guidance that disappointed analyst figures. The company expects a range of $60-$62 million for first-quarter sales, while the Street wants $69 million. It expects full-year sales to be significantly short at $270-$275 million, far short of analysts' $309.8 million.

The company had lost about 16 percent of its value after-hours to sit at $5.77 at press time.