Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Anusuya Lahiri

TrueCar Stock Gains As Goldman Sachs Takes Stake

  • 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.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.