DealerTrack Technologies Inc (TRAK) Updates FY14 Earnings Guidance
DealerTrack Technologies Inc (NASDAQ:TRAK) issued an update on its FY14 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.47-1.56 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.48, StockRatingsNetwork reports. The company issued revenue guidance of $829-843 million, compared to the consensus revenue estimate of $819.06 million.
On a related note, 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. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $57.67.
Shares of DealerTrack Technologies Inc (NASDAQ:TRAK) traded up 2.44% on Monday, hitting $39.08. The stock had a trading volume of 606,149 shares. DealerTrack Technologies Inc has a 1-year low of $36.43 and a 1-year high of $58.84. The stock’s 50-day moving average is $40.67 and its 200-day moving average is $45.00. The company’s market cap is $2.094 billion.
DealerTrack Technologies (NASDAQ:TRAK) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.04. The company had revenue of $224.80 million for the quarter, compared to the consensus estimate of $213.45 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 84.6% on a year-over-year basis. Analysts expect that DealerTrack Technologies Inc 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.