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TrueCar's stock story, from my POV... step by stepIPO'd at $10 in 2014Investors loving the vision push price to $24 in late 2014Dealers begin lawsuitsInvestors begin 18 months of selling returning the stock price to $10 in july 2015.. then...TrueCar Concludes Partnership With AutoNation July 9thFrustrated investors gave up on the TrueCar vision, Selling accellerates, (causing the stock price to fall 50% below IPO priceA new leader is found (Chip Perry), Scott Painter resigns. <---- #BAMPerry begins forensics to find the cancer and re-invent the model (keep what's good & kill what's bad)AutoNation jumps back on (a big win for CP and a signal for investors)What big questions are unanswered?Do shoppers like the 'new' TrueCar?Do dealers like the 'new' TrueCar?Does the new TrueCar model make money?Does the new TrueCar model have room to grow into a far larger concern?
TrueCar's stock story, from my POV... step by step
What big questions are unanswered?