Zacks lowered shares of DealerTrack Holdings (NASDAQ: TRAK) from a neutral rating to an underperform rating in a report released on Tuesday. Zacks currently has $28.50 target price on the stock.
DealerTrack Holdings traded up 0.67% on Tuesday, hitting $30.17. DealerTrack Holdings has a 1-year low of $23.31 and a 1-year high of $33.62. The stock’s 50-day moving average is currently $31.2. The company has a market cap of $1.299 billion and a price-to-earnings ratio of 65.15.
A number of other firms have also recently commented on TRAK. Analysts at S&P Equity Research cut their price target on shares of DealerTrack Holdings from $30.00 to $29.00 in a research note to investors on Wednesday, March 6th. Finally, analysts at Barclays Capital raised their price target on shares of DealerTrack Holdings from $32.00 to $33.00 in a research note to investors on Monday, January 7th. They now have an equal weight rating on the stock.
DealerTrack Holdings, Inc. (DealerTrack) is a holding company. The Company provides software solutions to the automotive retail industry, including dealers, lenders, original equipment manufacturers (OEMs), agents and aftermarket providers.
To view Zacks’ full report, visit www.zacks.com
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