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Benzinga

Business

Anusuya Lahiri

TrueCar Stock Gains As Goldman Sachs Takes Stake

True TrueCar Goldman Sachs Nasdaq NYSE

Goldman Sachs Group Inc (NYSE:GS) has taken a 6.3% stake in TrueCar Inc (NASDAQ:TRUE), regulatory filing shows.
Founded in 2005, TrueCar is an automotive digital marketplace that enables auto buyers to connect to its nationwide network of Certified Dealers.
Santa Monica, California-based TrueCar powers auto-buying programs for more than 250 brands.
The company offers the purchasing process online by allowing consumers to find a new or used vehicle suitable for them, secure financing, sell or trade-in their current vehicle, and complete their purchase with a dealer.
Related Content: TrueCar Founder's Latest EV-Focused Subscription Service Offers To Book A Tesla In 10 Minutes
Price Action: TRUE shares traded higher by 7.46% at $3.39 on the last check Monday.

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