- TrueCar (NASDAQ:TRUE) spiked higher this morning, and has held onto most of its gains since. 3.35M shares have been traded, well above a 3-month daily average of 1.65M. The car-buying site had fallen 45% over the prior two trading days in response to its Q2/2015 warning.
- Earlier today, TrueCar released its July auto industry sales estimates. The company estimates U.S. retail unit sales rose 4.2% Y/Y to 1.3M, and total unit sales 2.6% to 1.47M. Premium vehicle sales rose an estimated 4.6%, and "mass-market" vehicle sales 2.4%.