TrueCar, Inc. (NASDAQ:TRUE) Shares Bought by Jane Street Group LLC

Jane Street Group LLC boosted its holdings in shares of TrueCar, Inc. (NASDAQ:TRUE) by 19.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,586 shares of the technology company’s stock after buying an additional 16,163 shares during the period. Jane Street Group LLC owned approximately 0.11% of TrueCar worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its stake in TrueCar by 0.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,123,601 shares of the technology company’s stock valued at $6,647,000 after purchasing an additional 6,800 shares during the last quarter. ClariVest Asset Management LLC grew its stake in TrueCar by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 253,474 shares of the technology company’s stock valued at $793,000 after purchasing an additional 7,088 shares during the last quarter. BNP Paribas Financial Markets grew its stake in TrueCar by 15.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 60,942 shares of the technology company’s stock valued at $210,000 after purchasing an additional 8,027 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of TrueCar in the third quarter worth about $36,000. Finally, American Century Companies Inc. boosted its stake in shares of TrueCar by 11.7% in the second quarter. American Century Companies Inc. now owns 104,371 shares of the technology company’s stock worth $327,000 after buying an additional 10,900 shares during the last quarter. 79.44% of the stock is owned by institutional investors and hedge funds.

TrueCar Trading Up 0.6 %

Shares of TRUE stock opened at $3.45 on Thursday. The company has a market capitalization of $300.01 million, a P/E ratio of -11.90 and a beta of 1.78. The business’s 50 day moving average is $4.03 and its two-hundred day moving average is $3.54. TrueCar, Inc. has a 12-month low of $2.56 and a 12-month high of $4.62.

TrueCar (NASDAQ:TRUE) last announced its earnings results on Wednesday, November 6th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). TrueCar had a negative net margin of 15.88% and a negative return on equity of 14.33%. The firm had revenue of $46.54 million for the quarter, compared to analyst estimates of $45.82 million. During the same period in the previous year, the company earned ($0.07) EPS. On average, research analysts predict that TrueCar, Inc. will post -0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Lake Street Capital assumed coverage on TrueCar in a research note on Monday, October 7th. They issued a “buy” rating and a $6.00 target price on the stock. Needham & Company LLC restated a “buy” rating and issued a $5.00 target price on shares of TrueCar in a research note on Tuesday, November 26th. StockNews.com upgraded TrueCar from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. B. Riley increased their price target on TrueCar from $3.30 to $4.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, BTIG Research increased their price target on TrueCar from $3.75 to $4.50 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, TrueCar presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.88.

TrueCar Company Profile

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.