Insider Selling: DealerTrack Technologies EVP Sells 3,750 Shares of Stock (TRAK)
DealerTrack Technologies (NASDAQ:TRAK) EVP Richard Mcleer sold 3,750 shares of DealerTrack Technologies stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $44.56, for a total value of $167,100.00. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through this link.
Shares of DealerTrack Technologies (NASDAQ:TRAK) traded down 0.45% during mid-day trading on Wednesday, hitting $44.21. The stock had a trading volume of 105,750 shares. DealerTrack Technologies has a 52-week low of $36.43 and a 52-week high of $58.84. The stock’s 50-day moving average is $40.74 and its 200-day moving average is $44.97. The company’s market cap is $2.383 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.
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 equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. DealerTrack Technologies presently has a consensus rating of “Buy” and a consensus price target 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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