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DealerTrack Technologies (NASDAQ:TRAK) EVP Richard Mcleer unloaded 1,750 shares of DealerTrack Technologies stock on the open market in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $46.10, for a total value of $80,675.00. Following the completion of the sale, the executive vice president now directly owns 28,833 shares of the company’s stock, valued at approximately $1,329,201. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of DealerTrack Technologies from $53.00 to $56.00 in a research note on Tuesday. 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 research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. DealerTrack Technologies currently has an average rating of “Buy” and an average price target of $57.25.

Shares of DealerTrack Technologies (NASDAQ:TRAK) traded down 0.37% during mid-day trading on Wednesday, hitting $46.23. The stock had a trading volume of 965,009 shares. DealerTrack Technologies has a 1-year low of $36.43 and a 1-year high of $58.84. The stock’s 50-day moving average is $40.71 and its 200-day moving average is $45.00. The company’s market cap is $2.480 billion. DealerTrack Technologies also was the target of some unusual options trading activity on Tuesday. Stock traders bought 1,543 call options on the stock. This is an increase of approximately 972% compared to the average daily volume of 144 call options.

DealerTrack Technologies (NASDAQ:TRAK) last released its earnings data on Monday, August 11th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 84.6% on a year-over-year basis. On average, analysts predict that DealerTrack Technologies will post $1.51 earnings per share 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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