Oakmont Corp Lowers stake in TrueCar Inc (TRUE)

TrueCar Inc (TRUE) : Oakmont Corp reduced its stake in TrueCar Inc by 0.48% during the most recent quarter end. The investment management company now holds a total of 633,875 shares of TrueCar Inc which is valued at $6,769,785 after selling 3,050 shares in TrueCar Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.TrueCar Inc makes up approximately 1.24% of Oakmont Corp’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in TRUE in the latest quarter, The investment management firm added 5,464 additional shares and now holds a total of 65,733 shares of TrueCar Inc which is valued at $702,028.California Public Employees Retirement System reduced its stake in TRUE by selling 5,500 shares or 3.02% in the most recent quarter. The Hedge Fund company now holds 176,800 shares of TRUE which is valued at $1,640,704.California State Teachers Retirement System boosted its stake in TRUE in the latest quarter, The investment management firm added 9,288 additional shares and now holds a total of 113,963 shares of TrueCar Inc which is valued at $1,057,577. Physicians Financial Services added TRUE to its portfolio by purchasing 641 company shares during the most recent quarter which is valued at $5,551.

TrueCar Inc (TRUE) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $10.86 and reached the intraday high at $10.91. The bulls started the profit booking and pushed the shares to intraday low of $10.58. The trading session was marked by a volume range of 4,83,588 shares exchanging hands. The 52-week high of the shares is $11.13 and the 52-week low is $4.01. The market cap of the company stands at $915 M and there are 8,46,06,500 shares in public circulation.

On the company’s financial health, TrueCar Inc reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.10. The company had revenue of $66.42 million for the quarter, compared to analysts expectations of $65.41 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

Many Wall Street Analysts have commented on TrueCar Inc. Loop Capital Initiated TrueCar Inc on Aug 11, 2016 to “Hold”, Price Target of the shares are set at $11.

TrueCar Inc. (TrueCar) is a data-driven online platform operating on a common technology infrastructure powered by data and analytics. The Company operates its Company-branded platform on its TrueCar.com Website. In addition it customizes and operates its platform on a co-branded basis for its affinity group marketing partners including financial institutions such as USAA and American Express; membership-based organizations such as Consumer Reports AARP and AAA and employee buying programs for enterprises such as IBM and Walmart. The Company enables users to obtain market-based pricing data on new and used cars and to connect with its network of TrueCar Certified Dealers. It also allows automobile manufacturers known in the industry as original equipment manufacturers (OEMs) to connect with TrueCar users in the purchase process.

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