Caledonia Private Investments Pty Ltd Grows Position in TrueCar Inc (TRUE)

Caledonia Private Investments Pty Ltd lifted its position in shares of TrueCar Inc (NASDAQ:TRUE) by 0.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,505,723 shares of the technology company’s stock after acquiring an additional 31,532 shares during the quarter. TrueCar makes up approximately 2.9% of Caledonia Private Investments Pty Ltd’s portfolio, making the stock its 8th biggest position. Caledonia Private Investments Pty Ltd owned 0.16% of TrueCar worth $156,144,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB acquired a new position in TrueCar during the 4th quarter worth about $132,000. Global Endowment Management LP acquired a new position in TrueCar during the 4th quarter worth about $133,000. Jane Street Group LLC acquired a new position in TrueCar during the 1st quarter worth about $170,000. MANA Advisors LLC acquired a new position in TrueCar during the 4th quarter worth about $208,000. Finally, Teacher Retirement System of Texas acquired a new position in TrueCar during the 4th quarter worth about $284,000. 89.92% of the stock is currently owned by institutional investors.

Several research analysts have commented on the company. DA Davidson assumed coverage on TrueCar in a report on Wednesday, April 4th. They set a “neutral” rating and a $9.75 target price on the stock. Zacks Investment Research downgraded TrueCar from a “hold” rating to a “sell” rating in a report on Saturday, May 12th. ValuEngine downgraded TrueCar from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Benchmark assumed coverage on TrueCar in a report on Thursday, March 22nd. They set a “buy” rating and a $18.00 target price on the stock. Finally, Stephens set a $18.00 target price on TrueCar and gave the stock a “buy” rating in a report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.84.

Shares of TrueCar opened at $10.73 on Wednesday, MarketBeat reports. The stock has a market capitalization of $1.04 billion, a PE ratio of -39.74 and a beta of 2.56. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.14 and a current ratio of 7.14. TrueCar Inc has a 1 year low of $8.75 and a 1 year high of $21.75.

TrueCar (NASDAQ:TRUE) last announced its quarterly earnings data on Tuesday, May 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $81.06 million for the quarter, compared to the consensus estimate of $81.36 million. TrueCar had a negative return on equity of 8.62% and a negative net margin of 10.69%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.01) EPS. equities research analysts forecast that TrueCar Inc will post -0.27 EPS for the current fiscal year.

TrueCar Company Profile

TrueCar, Inc, together with its subsidiaries, 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. The company also customizes and operates its platform for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for large enterprises.

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Institutional Ownership by Quarter for TrueCar (NASDAQ:TRUE)

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