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Dealertrack Technologies (NASDAQ:TRAK) was downgraded by equities research analysts at TheStreet from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, Analyst Ratings.Net reports.

The analysts wrote, “Dealertrack Technologies (TRAK) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company’s earnings per share.”

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Dealertrack Technologies from $43.00 to $47.00 in a research note on Thursday. Separately, analysts at Wells Fargo & Co. upgraded shares of Dealertrack Technologies from a “market perform” rating to an “outperform” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $41.40.

Dealertrack Technologies (NASDAQ:TRAK) traded up 2.71% on Friday, hitting $55.3488. The stock had a trading volume of 201,670 shares. Dealertrack Technologies has a 52-week low of $26.28 and a 52-week high of $54.41. The stock has a 50-day moving average of $47.32 and a 200-day moving average of $42.74. The company has a market cap of $2.430 billion and a price-to-earnings ratio of 242.75.

Dealertrack Technologies (NASDAQ:TRAK) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.27 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.27. The company had revenue of $126.10 million for the quarter, compared to the consensus estimate of $123.17 million. Analysts expect that Dealertrack Technologies will post $1.48 EPS 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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