TrueCar, Inc. operates as an internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar website and mobile applications. Its platform enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar certified dealers. The company also offers forecast and consulting services regarding determination of the residual value of an automobile at given future points in time, which are used to underwrite automotive loans and leases, and by financial institutions to measure exposure and risk across loan, lease, and fleet portfolios. In addition, it provides accurate, geographically specific, and real-time pricing information for consumers and dealers; TrueCar Trade, which gives consumers information on the value of their trade-in vehicles and enables them to obtain a guaranteed trade-in price before setting foot in the dealership; and DealerScience that provides dealers with advanced digital retailing software tools. The company was formerly known as Zag.com Inc. TrueCar, Inc. was incorporated in 2005 and is headquartered in Santa Monica, California.
TrueCar Stock Up 1.6 %
Shares of TRUE traded up $0.04 during trading hours on Friday, reaching $2.61. 796,817 shares of the company traded hands, compared to its average volume of 610,918. The stock has a market capitalization of $236.54 million, a P/E ratio of -5.44 and a beta of 1.05. TrueCar has a 12-month low of $2.50 and a 12-month high of $4.64. The business has a fifty day moving average price of $2.69 and a 200-day moving average price of $3.23.
Insider Buying and Selling at TrueCar
In other TrueCar news, Director John W. Mendel sold 12,578 shares of the company's stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $2.77, for a total value of $34,841.06. Following the sale, the director now directly owns 148,528 shares of the company's stock, valued at $411,422.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.70% of the stock is owned by corporate insiders.