Consider investing in the stock of TrueCar, a “$500 million would-be disruptor of the traditional auto-buying process,” said Tyson Stevens, founder of Education Resource. “TrueCar runs portals that provide market-based pricing data on new and used cars and intends to connect customers with dealers for a modest finder’s fee.”
The cheap stock has gone up “roughly 100%” since the summer of 2020, he said. “If you’re searching for a cheap stock with breakout potential, TrueCar is worth considering.”