TrueCar Inc. (NASDAQ:TRUE) rose 4.2% during trading on Monday . The stock traded as high as $9.70 and last traded at $9.66, with a volume of 447,024 shares changing hands. The stock had previously closed at $9.27.

TRUE has been the topic of several recent research reports. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $6.00 price objective on shares of TrueCar in a report on Friday, August 5th. JMP Securities reaffirmed a “hold” rating on shares of TrueCar in a report on Monday, June 6th. Cowen and Company reaffirmed a “market perform” rating and set a $5.00 price objective (up from $4.00) on shares of TrueCar in a report on Monday, May 9th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $6.00 price objective on shares of TrueCar in a report on Friday, May 6th. Finally, Loop Capital initiated coverage on shares of TrueCar in a report on Wednesday, August 10th. They set a “hold” rating and a $11.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. TrueCar has an average rating of “Hold” and a consensus target price of $8.02.

The firm’s market cap is $803.76 million. The company’s 50-day moving average price is $9.72 and its 200 day moving average price is $7.20.

TrueCar (NASDAQ:TRUE) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.05. During the same period in the previous year, the firm earned ($0.05) earnings per share. The company had revenue of $66.42 million for the quarter, compared to analysts’ expectations of $65.52 million. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. On average, equities analysts predict that TrueCar Inc. will post ($0.25) EPS for the current fiscal year.

In related news, Director John Krafcik sold 16,541 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $10.68, for a total value of $176,657.88. Following the transaction, the director now directly owns 74,869 shares of the company’s stock, valued at approximately $799,600.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Services Automobile Ass United sold 170,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $7.91, for a total value of $1,344,700.00. Following the completion of the transaction, the insider now directly owns 10,325,587 shares in the company, valued at $81,675,393.17. The disclosure for this sale can be found here.

TrueCar, Inc offers a diverse software ecosystem for buying cars. The Company’s software ecosystem is based on a common technology infrastructure, and powered by data and analytics. The Company operates its platform on the TrueCar Website and its branded mobile experience. It customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for enterprises.

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