Shares of online car-shopping service TrueCar (NASDAQ: TRUE) closed higher on Wednesday as investors continued to show interest in companies that are well-positioned to help facilitate socially distant transactions.
TrueCar's shares ended the day at $3.00, up about 11.9% from Tuesday's closing price.
Like many stocks, TrueCar's shares were battered in the March sell-off as much of the U.S. economy shut down. But while they have yet to fully recover, they've shown signs of life in recent days as investors search for companies positioned to profit if the economy reopens -- but consumers choose to stay home.