DealerTrack Technologies (TRAK) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS
DealerTrack Technologies (NASDAQ:TRAK) released its earnings data on Monday. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04, Stock Ratings News reports. The company had revenue of $224.80 million for the quarter, compared to the consensus estimate of $213.45 million.
On the ratings front, 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 equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $57.67.
Shares of DealerTrack Technologies (NASDAQ:TRAK) traded up 2.44% during mid-day trading on Monday, hitting $39.08. The stock had a trading volume of 604,449 shares. DealerTrack Technologies has a one year low of $36.43 and a one year high of $58.84. The stock’s 50-day moving average is $40.80 and its 200-day moving average is $45.12. The company’s market cap is $2.094 billion.
Dealertrack Technologies, Inc (NASDAQ:TRAK), is a holding company and conducts a substantial amounts of its business through its subsidiaries.
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