TrueCar Inc. (NASDAQ:TRUE) SVP John Pierantoni sold 1,769 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $12.75, for a total transaction of $22,554.75. Following the completion of the sale, the senior vice president now directly owns 80,972 shares of the company’s stock, valued at approximately $1,032,393. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of TrueCar Inc. (NASDAQ:TRUE) opened at 12.62 on Thursday. The firm’s 50-day moving average is $10.48 and its 200-day moving average is $9.03. TrueCar Inc. has a 12-month low of $4.42 and a 12-month high of $13.07. The company’s market capitalization is $1.08 billion.

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

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

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. reissued a “hold” rating on shares of TrueCar in a report on Friday, November 11th. B. Riley reissued a “buy” rating and issued a $14.50 price objective on shares of TrueCar in a report on Wednesday, November 9th. Loop Capital assumed coverage on shares of TrueCar in a report on Wednesday, August 10th. They issued a “hold” rating and a $11.00 price objective for the company. Craig Hallum reissued a “hold” rating on shares of TrueCar in a report on Friday, August 5th. Finally, JMP Securities restated a “hold” rating on shares of TrueCar in a research report on Sunday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. TrueCar has an average rating of “Buy” and an average target price of $9.37.

Several hedge funds have recently modified their holdings of TRUE. Morgan Stanley raised its position in TrueCar by 6.3% in the third quarter. Morgan Stanley now owns 7,029,769 shares of the company’s stock worth $66,360,000 after buying an additional 419,322 shares during the period. Vanguard Group Inc. raised its position in TrueCar by 1.5% in the second quarter. Vanguard Group Inc. now owns 3,802,846 shares of the company’s stock worth $29,853,000 after buying an additional 54,714 shares during the period. Senvest Management LLC raised its position in TrueCar by 95.4% in the third quarter. Senvest Management LLC now owns 2,938,634 shares of the company’s stock worth $27,741,000 after buying an additional 1,435,053 shares during the period. Caledonia Private Investments Pty Ltd bought a new position in TrueCar during the second quarter worth $14,193,000. Finally, BlackRock Institutional Trust Company N.A. raised its position in 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 worth $13,931,000 after buying an additional 148,235 shares during the period. 60.39% of the stock is currently owned by hedge funds and other institutional investors.

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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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