TrueCar (TRUE)

• Market cap: $332M
• 1 day: 1.33%
• 5 days: -7.73%
• 1 month: -2.55%
• 3 months: 17.18%
• 6 months: 36.43%
• Year to date: 18.27%
• 1 year: 9.14%
• 5 years: -20.42%
• 10 years: -82.82%
• Sector: Information Technology
• Industry: Computer Programming, Data Processing, Etc.

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 Q3 regulatory filings by fund managers ($100M+ AUM)

1,900% more call options, than puts

Call options by funds: $80K | Put options by funds: $4K

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

32% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 28

3% more funds holding

Funds holding: 100 [Q2] → 103 (+3) [Q3]

4% more capital invested

Capital invested by funds: $232M [Q2] → $241M (+$8.84M) [Q3]

4.01% less ownership

Funds ownership: 80.76% [Q2] → 76.75% (-4.01%) [Q3]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $4 5% upside
• Avg. target: $4.88 28% upside
• High target: $6 57% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

Needham Chris Pierce 52% 1-year accuracy 33 / 64 met price target	31% upside $5	Buy Reiterated	26 Nov 2024
B. Riley Securities Lee Krowl 100% 1-year accuracy 3 / 3 met price target	5% upside $4	Neutral Maintained	11 Nov 2024
BTIG Marvin Fong 67% 1-year accuracy 10 / 15 met price target	18% upside $4.50	Buy Maintained	22 Oct 2024
Lake Street	57% upside $6	Buy Initiated	7 Oct 2024