internet stocks truecar
  • 2014 performance: +121%

TrueCar raced into the public markets in May, and investors are now betting a rival could drive away with it.

Shares of TrueCar (TRUE) have surged 121% from its IPO price of $9. Now Goldman is placing an M&A premium of $32 on the online auto marketplace, implying a hefty 45% potential gain from its current price of $22.

The bank also boosted its probability of a deal from "low" to "medium," pointing to the fact that TrueCar is "the online auto platform closest to a car-buying transaction."

However, Goldman kept a "neutral" rating on whether to buy the stock.

First published September 5, 2014: 10:04 AM ET

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