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DealerTrack Technologies (NASDAQ:TRAK) CEO Mark F. Oneil sold 23,000 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $45.04, for a total value of $1,035,920.00. Following the completion of the transaction, the chief executive officer now directly owns 256,153 shares of the company’s stock, valued at approximately $11,537,131. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Separately, 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. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. DealerTrack Technologies presently has a consensus rating of “Buy” and a consensus price target of $57.25.

DealerTrack Technologies (NASDAQ:TRAK) traded down 1.37% on Wednesday, hitting $43.80. The stock had a trading volume of 402,632 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 $40.69 and its 200-day moving average is $44.96. The company’s market cap is $2.360 billion.

DealerTrack Technologies (NASDAQ:TRAK) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that DealerTrack Technologies will post $1.54 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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