Goldman Sachs Group Inc. Buys 16,822 Shares of TrueCar, Inc. $TRUE

Goldman Sachs Group Inc. raised its stake in TrueCar, Inc. (NASDAQ:TRUE) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 387,829 shares of the technology company’s stock after buying an additional 16,822 shares during the period. Goldman Sachs Group Inc. owned about 0.44% of TrueCar worth $613,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Algert Global LLC bought a new stake in shares of TrueCar in the 1st quarter valued at about $30,000. Strs Ohio bought a new stake in shares of TrueCar in the 1st quarter valued at about $38,000. ProShare Advisors LLC grew its position in shares of TrueCar by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 24,123 shares of the technology company’s stock valued at $90,000 after buying an additional 7,938 shares during the last quarter. AQR Capital Management LLC grew its position in shares of TrueCar by 332.9% in the 1st quarter. AQR Capital Management LLC now owns 59,791 shares of the technology company’s stock valued at $94,000 after buying an additional 45,980 shares during the last quarter. Finally, XTX Topco Ltd grew its position in shares of TrueCar by 92.5% in the 1st quarter. XTX Topco Ltd now owns 70,044 shares of the technology company’s stock valued at $111,000 after buying an additional 33,652 shares during the last quarter. Institutional investors own 79.44% of the company’s stock.

TrueCar Trading Down 3.1%

NASDAQ TRUE opened at $2.17 on Thursday. The business’s 50-day moving average price is $2.04 and its two-hundred day moving average price is $1.77. TrueCar, Inc. has a 12 month low of $1.05 and a 12 month high of $4.62. The firm has a market capitalization of $191.91 million, a PE ratio of -6.38 and a beta of 1.97.

TrueCar 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.