DealerTrack Technologies EVP Sells $167,100 in Stock (TRAK)
DealerTrack Technologies (NASDAQ:TRAK) EVP Richard Mcleer unloaded 3,750 shares of DealerTrack Technologies stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $44.56, for a total transaction of $167,100.00. Following the completion of the transaction, the executive vice president now directly owns 30,093 shares of the company’s stock, valued at approximately $1,340,944. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of DealerTrack Technologies (NASDAQ:TRAK) traded up 1.25% on Monday, hitting $45.11. 427,956 shares of the company’s stock traded hands. DealerTrack Technologies has a one year low of $36.43 and a one year high of $58.84. The stock has a 50-day moving average of $40.76 and a 200-day moving average of $45.01. The company’s market cap is $2.431 billion.
DealerTrack Technologies (NASDAQ:TRAK) last announced its earnings results 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 last year, the company posted $0.37 earnings per share. DealerTrack Technologies’s revenue was up 84.6% compared to the same quarter last year. On average, analysts predict that DealerTrack Technologies will post $1.54 earnings per share for the current fiscal year.
A number of research firms have recently commented on TRAK. 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, August 12th. 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 given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $57.25.
Dealertrack Technologies, Inc (NASDAQ:TRAK), is a holding company and conducts a substantial amounts of its business through its subsidiaries.
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