TrueCar Inc. (NASDAQ:TRUE) shares traded up 2.9% on Monday . The company traded as high as $9.65 and last traded at $9.64, with a volume of 313,006 shares traded. The stock had previously closed at $9.37.

A number of research analysts have weighed in on the company. B. Riley reiterated a “sell” rating and set a $3.50 target price on shares of TrueCar in a report on Monday, July 18th. JMP Securities reiterated a “hold” rating on shares of TrueCar in a report on Monday, June 6th. Zacks Investment Research upgraded TrueCar from a “sell” rating to a “hold” rating in a report on Thursday, April 21st. Morgan Stanley reiterated a “hold” rating on shares of TrueCar in a report on Sunday, May 8th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $6.00 target price on shares of TrueCar in a report on Friday, May 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $7.05.

The firm’s market cap is $817.61 million. The stock’s 50-day moving average is $8.11 and its 200-day moving average is $6.61.

TrueCar (NASDAQ:TRUE) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.07). The firm earned $61.86 million during the quarter, compared to the consensus estimate of $61.13 million. TrueCar’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts anticipate that TrueCar Inc. will post ($0.29) earnings per share for the current fiscal year.

In other TrueCar news, major shareholder Services Automobile Ass United sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $7.92, for a total value of $237,600.00. Following the completion of the sale, the insider now owns 10,232,346 shares of the company’s stock, valued at $81,040,180.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

A hedge fund recently raised its stake in TrueCar stock. Morgan Stanley raised its stake in shares of TrueCar Inc. (NASDAQ:TRUE) by 167.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,217,816 shares of the company’s stock after buying an additional 3,893,934 shares during the period. Morgan Stanley owned 7.52% of TrueCar worth $59,318,000 at the end of the most recent reporting period.

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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