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TrueCar (NASDAQ:TRUE) CEO Scott Painter acquired 20,976 shares of the stock on the open market in a transaction dated Tuesday, August 12th. The stock was purchased at an average cost of $14.14 per share, with a total value of $296,600.64. Following the completion of the acquisition, the chief executive officer now directly owns 1,785,152 shares of the company’s stock, valued at approximately $25,242,049. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of TrueCar (NASDAQ:TRUE) traded down 4.35% during mid-day trading on Wednesday, hitting $15.18. 1,290,511 shares of the company’s stock traded hands. TrueCar has a 1-year low of $9.05 and a 1-year high of $15.98. The stock’s 50-day moving average is $13.69 and its 200-day moving average is $12.95. The company’s market cap is $1.029 billion. TrueCar also was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 2,359,186 shares, a growth of 34.7% from the July 15th total of 1,751,123 shares. Based on an average trading volume of 361,389 shares, the short-interest ratio is currently 6.5 days. Approximately 0.0% of the company’s stock are short sold.

A number of analysts have recently weighed in on TRUE shares. Analysts at JMP Securities raised their price target on shares of TrueCar from $20.00 to $21.00 in a research note on Friday, August 8th. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of TrueCar from $19.00 to $20.00 in a research note on Friday, August 8th. Finally, analysts at Cowen and Company raised their price target on shares of TrueCar from $21.00 to $22.00 in a research note on Friday, August 8th. Two analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $19.20.

TrueCar, Inc (NASDAQ:TRUE) is a data-driven online platform operating a technology infrastructure, powered by data and analytics.

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