Why TrueCar's Stock Was Up Today

Shares of online car-shopping platform TrueCar (NASDAQ: TRUE) closed up on Wednesday, as investors gravitated to the stock while pondering the need for tools that could facilitate car-shopping while practicing social distancing.

TrueCar's shares closed at $2.56 on Wednesday, up about 12.8% on the day. 

Here's what probably drove the stock higher today: TrueCar makes it a lot easier to shop for a new car without going to a dealership, and that is starting to seem like something that could become quite popular in the weeks and months to come. 

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Source Fool.com