TrueCarTRUE
About: TrueCar Inc is a data-driven online platform operating on common technology infrastructure, powered by proprietary data and analytics. It also customizes and operates its platform for affinity group marketing partners, including financial institutions like PenFed and American Express; membership-based organizations like Consumer Reports, AARP, Sam's Club, and AAA; and employee buying programs for large enterprises such as IBM and Walmart. TrueCar enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar Certified Dealers.
Employees: 324
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]
18% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 11
16% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 32
2% more funds holding
Funds holding: 98 [Q1] → 100 (+2) [Q2]
1.9% less ownership
Funds ownership: 81.27% [Q1] → 79.37% (-1.9%) [Q2]
9% less capital invested
Capital invested by funds: $251M [Q1] → $228M (-$23.4M) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Lake Street | 60%upside $6 | Buy Initiated | 7 Oct 2024 |
Needham Chris Pierce 28% 1-year accuracy 9 / 32 met price target | 0%upside $3.75 | Buy Maintained | 6 Aug 2024 |