TrueCar Inc. (NASDAQ:TRUE) EVP Brian Skutta sold 4,081 shares of the business’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $12.81, for a total transaction of $52,277.61. Following the transaction, the executive vice president now owns 98,438 shares of the company’s stock, valued at approximately $1,260,990.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of TrueCar Inc. (NASDAQ:TRUE) traded down 0.24% on Wednesday, hitting $12.62. 353,338 shares of the stock were exchanged. TrueCar Inc. has a one year low of $4.42 and a one year high of $13.07. The firm’s 50 day moving average price is $10.39 and its 200 day moving average price is $9.01. The firm’s market cap is $1.08 billion.

TrueCar (NASDAQ:TRUE) last released its quarterly earnings results on Thursday, November 3rd. The company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.05. The business earned $75.01 million during the quarter, compared to analyst estimates of $71.17 million. TrueCar had a negative net margin of 22.92% and a negative return on equity of 22.29%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned ($0.03) EPS. Equities analysts anticipate that TrueCar Inc. will post ($0.17) earnings per share for the current year.

Insider Buying and Selling by Quarter for TrueCar (NASDAQ:TRUE)

A number of equities analysts recently commented on the stock. Loop Capital assumed coverage on shares of TrueCar in a research note on Wednesday, August 10th. They set a “hold” rating and a $11.00 target price for the company. B. Riley reiterated a “buy” rating and set a $14.00 target price on shares of TrueCar in a research note on Saturday, October 29th. Morgan Stanley cut shares of TrueCar from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $5.00 to $6.40 in a research report on Monday, September 12th. RBC Capital Markets reissued a “sector perform” rating and issued a $10.00 price target (up from $6.00) on shares of TrueCar in a research report on Monday, August 8th. Finally, Zacks Investment Research raised shares of TrueCar from a “hold” rating to a “strong-buy” rating and set a $11.00 price target for the company in a research report on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $9.37.

Large investors have recently added to or reduced their stakes in the stock. Caledonia Private Investments Pty Ltd purchased a new stake in TrueCar during the second quarter worth $14,193,000. Senvest Management LLC raised its position in shares of TrueCar by 95.4% in the third quarter. Senvest Management LLC now owns 2,938,634 shares of the company’s stock valued at $27,741,000 after buying an additional 1,435,053 shares in the last quarter. SG Capital Management LLC bought a new position in shares of TrueCar during the third quarter valued at $7,621,000. Morgan Stanley raised its position in shares of TrueCar by 6.3% in the third quarter. Morgan Stanley now owns 7,029,769 shares of the company’s stock valued at $66,360,000 after buying an additional 419,322 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of TrueCar by 11.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,475,689 shares of the company’s stock valued at $13,931,000 after buying an additional 148,235 shares in the last quarter. 60.39% of the stock is owned by institutional investors and hedge funds.

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TrueCar Company Profile

TrueCar, Inc offers a diverse software ecosystem for buying cars. The Company’s software ecosystem is based on a common technology infrastructure, and powered by data and analytics. The Company operates its platform on the TrueCar Website and its branded mobile experience. It customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for enterprises.

5 Day Chart for NASDAQ:TRUE

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