This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
Zacks Rank Education - Learn more about the Zacks Rank
Zacks Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank
DealerTrack Holdings, Inc.
by Michael VodickaDecember 19, 2011 | Comments : 0 Recommended this article: (0)
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at firstname.lastname@example.org or call 800-767-3771 ext. 9339.
DealerTrack Holdings, Inc., through its subsidiaries, provides software solutions to the automotive retail industry in the United States and Canada. The company was founded in 2001 and has a market cap of $1.12 billion.
DealerTrack saw big gains in October with the bullish market. But shares got an extra boost on Nov 7 after the company reported strong Q3 results that came in well ahead of expectations.
Revenue for the period was up 52% from last year to $96 million. Earnings also came in strong at 28 cents, 56% ahead of the Zacks Consensus Estimate, where the company has an average earnings surprise of 99% over the last three quarters.
The company will continue to benefit from its strong financial profile, with cash and short-term investments of $65 million against no long-term debt.
We saw some bullish movement in estimates off the good quarter, with the current year adding 11 cents to 80 cents while the next-year estimate gained 14 cents to 91 cents, a healthy 14% growth projection.
With a PEG ratio of 2.36, TRAK trades at a premium to the benchmark of 1 for value.
On the chart, shares have been rallying since early October, recently hitting a new multi-year. Take a look below.
Michael Vodicka is the Momentum Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Whisper Trader Service.
Please login to Zacks.com or register to post a comment.