TrueCar (TRUE) Receives Analyst Rating

TrueCar (TRUE) : The consensus on TrueCar (TRUE) based on 5 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

TrueCar (TRUE) stock is expected to deviate a maximum of $2.49 from the average target price of $7.7 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $11 and the most muted being $5.


Also, Equity Analysts at the B. Riley upgrades the rating on TrueCar (NASDAQ:TRUE). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Sell. The rating by the firm was issued on August 30, 2016.

TrueCar (NASDAQ:TRUE): The stock opened in the green at $8.47 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $8.51 and a low of $8.3 for the day. The stock did not find buyers even at the lows and closed at $8.48 recording a loss of -0.24%. 505,761 shares exchanged hands during the trading day. The stock had closed at $8.5 in the previous days trading.

TrueCar, Inc. (TrueCar) is a data-driven online platform operating on a common technology infrastructure, powered by data and analytics. The Company operates its Company-branded platform on its Website. In addition, it customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, such as USAA and American Express; membership-based organizations, such as Consumer Reports, AARP and AAA, and employee buying programs for enterprises, such as IBM and Walmart. The Company enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar Certified Dealers. It also allows automobile manufacturers, known in the industry as original equipment manufacturers (OEMs), to connect with TrueCar users in the purchase process.

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