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TrueCar increases guidance as sales gain

Online car-shopping site TrueCar Inc.'s third-quarter loss narrowed on higher revenue, leading the company to raise its projections for the year.

TrueCar now projects annual revenue of $260.2 million to $261.7 million, compared with its earlier view of $252 million to $258 million.

Shares, down 73% this year, rose 9.3% to $6.70 in after-hours trading.

Overall, TrueCar reported a loss of $11.1 million, or 13 cents a share, compared with $13.6 million, or 18 cents a share, a year earlier. Excluding stock-based compensation and other items, it reported an adjusted...


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