TrueCar Inc sees significant price increase amid strong market performance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 21 Jan 26
Source: Coinmarketcap
TrueCar Inc's stock price surged by 14.71% as it crossed above the 20-day SMA, reflecting strong investor interest and market momentum.
However, there is no specific news related to TrueCar Inc that could explain this price movement; the increase appears to be driven by broad market strength, with the Nasdaq-100 up 1.24% and the S&P 500 up 0.94%. This suggests that TrueCar's performance may be part of a larger trend in the automotive sector or tech-related stocks.
The implications of this price movement could indicate a growing confidence among investors in TrueCar's business model, especially in the context of a bullish market environment.
Analyst Views on TRUE
Wall Street analysts forecast TRUE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRUE is 2.78 USD with a low forecast of 2.55 USD and a high forecast of 3.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 2.540
Low
2.55
Averages
2.78
High
3.00
Current: 2.540
Low
2.55
Averages
2.78
High
3.00
About TRUE
TrueCar, Inc. is an automotive digital marketplace that lets auto buyers and sellers connect to its nationwide network of Certified Dealers. The Company is developing a car-buying experience accessible to consumers on its TrueCar-branded Website and mobile applications as well as co-branded websites operated in partnership with over 250 brands and organizations such as Sam’s Club, AAA, and Navy Federal Credit Union. It simplifies the car-buying process for consumers by providing a personalized digital shopping experience that helps shoppers discover and compare vehicles with proprietary content and data-driven rankings; become informed on a vehicle’s fair market price; appraise the value of a vehicle they want to trade or sell; explore competitive financing solutions, and others. Its nationwide network of Certified Dealers extends across all 50 states and the District of Columbia and consists of both new car franchise dealers and independent dealers exclusively selling used vehicles.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
