Plus   Neg

Stock Alert: TrueCar Rises As Demand Returns

Shares of TrueCar, Inc. (TRUE), an automotive pricing and information website for new and used car buyers, jumped $0.23 or 8.21% Thursday after-hours after the company revealed that vehicle demand has returned in May and continues rising in June.

In March, vehicle demand was negative 41% and it has bounced back to 2% in May and further increased to 19% during the first 15 days of June.

Thursday, TrueCar stock was up $0.07 or 2.56% before closing t $2.80. It has traded in the range of $1.98-$5.59 in the last 52 weeks.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
House-Autry Mills, Inc. issued a recall for its 9 ounce bottles of House-Autry Tartar Sauce due to the co-manufacturer's verification of spoilage associated with the product, according to a statement published by the U.S. Food and Drug Administration or FDA. The North Carolina-based company said the product may be unsuitable for consumption. Kimberly-Clark Corp. (KMB) on Monday reported a profit for the fourth quarter that edged down from last year, hurt by higher expenses, despite 6 percent sales growth. Both adjusted earnings per share and net sales topped analysts' expectations. The company also initiated adjusted earnings and net sales growth guidance for the full-year 2021. Shares of Philips Electronics NV were gaining around 3 percent in Amsterdam trading after the Dutch consumer electronics giant reported Monday higher results in its fourth quarter. The company also proposed dividend, and said it sees growth in fiscal 2021 comparable sales and adjusted margin.
Follow RTT