TrueCar traded at $2.54 this Wednesday January 21st, increasing $0.33 or 14.93 percent since the previous trading session. Looking back, over the last four weeks, TrueCar gained 30.79 percent. Over the last 12 months, its price fell by 36.34 percent. Looking ahead, we forecast TrueCar to be priced at 2.46 by the end of this quarter and at 2.24 in one year, according to Trading Economics global macro models projections and analysts expectations.
TrueCar, Inc. is an automotive digital marketplace. The Company offers software ecosystem on a technology infrastructure, powered by data and analytics. The Company's platform is available on the TrueCar Website and mobile applications. It enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar Certified Dealers. Its subsidiary, TrueCar Dealer Solutions, Inc., provides the TrueCar Trade and Payments products. Its Trade solution gives consumers information on the value of their trade-in vehicles and enables them to obtain a trade-in price. The Company provides information to consumers in the form of owner ratings and reviews, data-driven vehicle rankings, editorial content and in other formats that allow consumers to research, compare and discover the vehicle based on their preferences.