TrueCar, Inc. (NASDAQ:TRUE) EVP Brian Skutta sold 61,942 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $17.01, for a total value of $1,053,633.42. Following the sale, the executive vice president now owns 181,282 shares of the company’s stock, valued at $3,083,606.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Brian Skutta also recently made the following trade(s):

  • On Thursday, September 7th, Brian Skutta sold 117,410 shares of TrueCar stock. The stock was sold at an average price of $17.01, for a total value of $1,997,144.10.

TrueCar, Inc. (NASDAQ:TRUE) traded down 0.83% during trading on Friday, hitting $16.81. The stock had a trading volume of 558,655 shares. The stock’s 50-day moving average is $17.70 and its 200 day moving average is $17.15. TrueCar, Inc. has a one year low of $8.09 and a one year high of $21.75. The firm’s market cap is $1.66 billion.

TrueCar (NASDAQ:TRUE) last announced its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The business had revenue of $81.82 million during the quarter, compared to the consensus estimate of $80.75 million. TrueCar had a negative return on equity of 11.00% and a negative net margin of 9.86%. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Equities analysts anticipate that TrueCar, Inc. will post $0.02 earnings per share for the current year.

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Several brokerages have issued reports on TRUE. B. Riley restated a “buy” rating and issued a $21.50 target price on shares of TrueCar in a report on Tuesday, June 20th. Cowen and Company restated a “hold” rating and issued a $15.00 target price on shares of TrueCar in a report on Thursday, August 17th. Royal Bank Of Canada restated an “outperform” rating and issued a $23.00 target price (up from $22.00) on shares of TrueCar in a report on Thursday, August 10th. Zacks Investment Research cut TrueCar from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Morgan Stanley restated an “underweight” rating and issued a $13.00 target price (up from $12.00) on shares of TrueCar in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $18.56.

Several large investors have recently made changes to their positions in the company. Baker Avenue Asset Management LP grew its position in shares of TrueCar by 1.9% in the second quarter. Baker Avenue Asset Management LP now owns 37,006 shares of the technology company’s stock valued at $738,000 after purchasing an additional 681 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of TrueCar by 15.6% in the second quarter. Ameritas Investment Partners Inc. now owns 5,427 shares of the technology company’s stock valued at $108,000 after purchasing an additional 734 shares during the period. B. Riley Financial Inc. grew its position in shares of TrueCar by 3.7% in the second quarter. B. Riley Financial Inc. now owns 34,095 shares of the technology company’s stock valued at $680,000 after purchasing an additional 1,220 shares during the period. Profund Advisors LLC grew its position in shares of TrueCar by 3.7% in the first quarter. Profund Advisors LLC now owns 46,907 shares of the technology company’s stock valued at $726,000 after purchasing an additional 1,667 shares during the period. Finally, Legal & General Group Plc grew its position in shares of TrueCar by 10.5% in the second quarter. Legal & General Group Plc now owns 19,734 shares of the technology company’s stock valued at $389,000 after purchasing an additional 1,872 shares during the period. 91.71% of the stock is owned by institutional investors and hedge funds.

About TrueCar

TrueCar, Inc is an Internet-based information, technology, and communication services company. The Company has a data-driven online platform, which features market data and analytics. The Company-branded platform is available on its TrueCar Website and mobile applications. 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 a range of enterprises.

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

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