DealerTrack Holdings (NASDAQ: TRAK) issued its quarterly earnings data on Monday. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $101.78 million for the quarter, compared to the consensus estimate of $100.87 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. DealerTrack Holdings updated its FY13 guidance to $1.19-$1.26 EPS.
On the ratings front, 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.
Shares of DealerTrack Holdings (TRAK) traded down 3.36% during mid-day trading on Monday, hitting $31.92. DealerTrack Holdings (TRAK) has a one year low of $23.31 and a one year high of $33.62. The stock’s 50-day moving average is currently $31.86. The company has a market cap of $1.363 billion and a P/E ratio of 27.41.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.
