TrueCar Stock Gains as Goldman Sachs Takes Stake

TrueCar Stock Gains as Goldman Sachs Takes Stake
TrueCar's logo is displayed on the Nasdaq billboard in Times Square, New York, on May 16, 2014. Andrew Burton/Getty Images
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Goldman Sachs Group Inc. has taken a 6.3 percent stake in TrueCar Inc., 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.