DealerTrack Rises On Unusually High Volume (TRAK)
NEW YORK (
) --
(Nasdaq:
) is trading at unusually high volume Wednesday with 2.2 million shares changing hands. It is currently at seven times its average daily volume and trading up 76 cents (+2.7%) at $28.75 as of 1:30 p.m. ET.
DealerTrack has a market cap of $1.16 billion and is part of the
sector and
industry. Shares are up 2.7% year to date as of the close of trading on Tuesday.
DealerTrack Holdings, Inc., through its subsidiaries, provides software solutions to automotive retail industry in the United States and Canada. The company has a P/E ratio of 19, below the average computer software & services industry P/E ratio of 253.7 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates DealerTrack as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, reasonable valuation levels, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full
.
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