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% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,586 shares of the technology company’s stock after acquiring an additional 16,163 shares during the quarter. Jane Street Group LLC’s holdings in TrueCar were worth $344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRUE. Bank of New York Mellon Corp increased its stake in TrueCar by 11.4% during the second quarter. Bank of New York Mellon Corp now owns 332,775 shares of the technology company’s stock worth $1,042,000 after acquiring an additional 34,045 shares during the last quarter. Acadian Asset Management LLC increased its stake in TrueCar by 0.6% during the second quarter. Acadian Asset Management LLC now owns 2,132,154 shares of the technology company’s stock worth $6,671,000 after acquiring an additional 12,956 shares during the last quarter. ClariVest Asset Management LLC increased its stake in TrueCar by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 253,474 shares of the technology company’s stock worth $793,000 after acquiring an additional 7,088 shares during the last quarter. American Century Companies Inc. boosted its position in shares of TrueCar by 11.7% during 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 period. Finally, Dimensional Fund Advisors LP boosted its position in shares of TrueCar by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,253,582 shares of the technology company’s stock worth $10,183,000 after buying an additional 25,541 shares during the period. Institutional investors and hedge funds own 79.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TRUE. Lake Street Capital began coverage on TrueCar in a research report on Monday, October 7th. They set a “buy” rating and a $6.00 price target for the company. BTIG Research raised 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. Needham & Company LLC restated a “buy” rating and set a $5.00 price target on shares of TrueCar in a research report on Tuesday, November 26th. StockNews.com upgraded TrueCar from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, B. Riley raised 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $4.88.

TrueCar Trading Up 0.6 %

NASDAQ:TRUE opened at $3.45 on Thursday. The firm has a market cap of $300.01 million, a PE ratio of -11.90 and a beta of 1.78. The stock has a fifty day moving average price of $4.03 and a 200 day moving average price of $3.54. TrueCar, Inc. has a 12-month low of $2.56 and a 12-month high of $4.62.

TrueCar (NASDAQ:TRUE) last released its earnings results on Wednesday, November 6th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The company had revenue of $46.54 million during the quarter, compared to analysts’ expectations of $45.82 million. TrueCar had a negative net margin of 15.88% and a negative return on equity of 14.33%. During the same quarter last year, the business posted ($0.07) earnings per share. Equities analysts forecast that TrueCar, Inc. will post -0.3 EPS for the current year.

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.