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DealerTrack Technologies (NASDAQ:TRAK) was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.

Shares of DealerTrack Technologies (NASDAQ:TRAK) opened at 41.23 on Tuesday. DealerTrack Technologies has a 52 week low of $30.39 and a 52 week high of $58.84. The stock’s 50-day moving average is $44. and its 200-day moving average is $46.46. The company’s market cap is $2.209 billion.

DealerTrack Technologies (NASDAQ:TRAK) last released its earnings data on Monday, May 12th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.06. The company had revenue of $158.80 million for the quarter, compared to the consensus estimate of $155.74 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 45.6% on a year-over-year basis. Analysts expect that DealerTrack Technologies will post $1.48 EPS for the current fiscal year.

In other DealerTrack Technologies news, EVP Richard Mcleer sold 3,750 shares of DealerTrack Technologies stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $40.08, for a total value of $150,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of DealerTrack Technologies from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $53.50 price target on the stock. Separately, analysts at Evercore Partners initiated coverage on shares of DealerTrack Technologies in a research note on Monday, March 10th. They set an “overweight” rating and a $66.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $51.63.

Dealertrack Technologies, Inc (NASDAQ:TRAK), is a holding company and conducts a substantial amounts of its business through its subsidiaries.

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