DealerTrack Technologies CEO Sells $1,035,920 in Stock (TRAK)
DealerTrack Technologies (NASDAQ:TRAK) CEO Mark F. Oneil unloaded 23,000 shares of the stock 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 sale, the chief executive officer now directly owns 256,153 shares in the company, valued at approximately $11,537,131. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of DealerTrack Technologies (NASDAQ:TRAK) opened at 43.05 on Friday. DealerTrack Technologies has a 1-year low of $36.43 and a 1-year high of $58.84. The stock has a 50-day moving average of $40.6 and a 200-day moving average of $44.94. The company’s market cap is $2.320 billion.
DealerTrack Technologies (NASDAQ:TRAK) last announced its earnings results on Monday, August 11th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue 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.
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 investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus 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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