Insider Selling: Ann B. Lane Sells 30,000 Shares of DealerTrack Technologies Stock (TRAK)
DealerTrack Technologies (NASDAQ:TRAK) Director Ann B. Lane sold 30,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $41.30, for a total transaction of $1,239,000.00. Following the sale, the director now directly owns 15,928 shares of the company’s stock, valued at approximately $657,826. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Macquarie upgraded shares of DealerTrack Technologies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 20th. They now have a $60.00 price target on 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $53.30.
DealerTrack Technologies (NASDAQ:TRAK) traded up 0.95% during mid-day trading on Monday, hitting $41.53. The stock had a trading volume of 508,207 shares. DealerTrack Technologies has a 1-year low of $32.30 and a 1-year high of $58.84. The stock has a 50-day moving average of $42.30 and a 200-day moving average of $46.37. The company’s market cap is $2.225 billion.
DealerTrack Technologies (NASDAQ:TRAK) last released its earnings data on Monday, May 12th. The company reported $0.23 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.27 earnings per share. DealerTrack Technologies’s revenue was up 45.6% compared to the same quarter last year. Analysts expect that DealerTrack Technologies will post $1.48 EPS for the current fiscal year.
Dealertrack Technologies, Inc (NASDAQ:TRAK), is a holding company and conducts a substantial amounts of its business through its subsidiaries.
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