Shares of online car-buying service TrueCar (NASDAQ: TRUE) surged on Friday morning. As of 11:45 a.m. EDT, TrueCar’s stock was trading up over 18% from Thursday’s close.
TrueCar reported its third-quarter earnings after the market closed on Thursday, and investors liked what they saw. The company’s adjusted loss of $0.01 per share was well ahead of the average $0.06-per-share loss expected by Wall Street analysts.