Dealertrack Technologies Inc. Sets New 1-Year High at $41.99 (TRAK)
Dealertrack Technologies (NASDAQ:TRAK) set a new 52-week high on Wednesday, AnalystRatingsNetwork reports. The company traded as high as $41.99 and last traded at $41.55, with a volume of 206,362 shares. The stock had previously closed at $41.08.
A number of analysts have recently weighed in on TRAK shares. Analysts at Zacks upgraded shares of Dealertrack Technologies (NASDAQ:TRAK) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, August 8th. They now have a $44.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Dealertrack Technologies (NASDAQ:TRAK) from $38.00 to $41.00 in a research note to investors on Wednesday, August 7th. Finally, analysts at Evercore Partners raised their price target on shares of Dealertrack Technologies (NASDAQ:TRAK) from $35.00 to $44.00 in a research note to investors on Thursday, August 1st.
Two analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $39.60.
In other Dealertrack Technologies news, CEO Mark Oneil sold 20,000 shares of the company’s stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $40.33, for a total transaction of $806,600.00. Following the sale, the chief executive officer now directly owns 248,004 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Dealertrack Technologies has a 52 week low of $23.31 and a 52 week high of $41.99. The stock’s 50-day moving average is $40.09 and its 200-day moving average is $33.91. The company has a market cap of $1.820 billion and a price-to-earnings ratio of 1283.75.
Dealertrack Technologies (NASDAQ:TRAK) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The company had revenue of $121.80 million for the quarter, compared to the consensus estimate of $114.67 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. On average, analysts predict that Dealertrack Technologies will post $1.30 earnings per share for the current fiscal year.
DealerTrack Technologies, Inc, formerly DealerTrack Holdings, Inc, is a holding company. Its Web-based software solutions and services are provided for all segments of the automotive retail industry, including dealers, lenders, other equipment manufacturers (NASDAQ:TRAK), third party retailers, agents and aftermarket providers.
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