NEW YORK (

TheStreet

) --

DealerTrack Holdings Incorporated

(Nasdaq:

TRAK

) hit a new 52-week high Thursday as it traded at $22.76 compared with its previous 52-Week high of $22.71. DealerTrack is changing hands at $22.76 with 24,101 shares traded as of 10:36 a.m. ET. Average volume has been 219,900 shares over the past 30 days.

DealerTrack has a market cap of $876 million and is part of the

technology

sector and

computer software & services

industry. Shares are up 12% year to date as of the close of trading on Wednesday.

DealerTrack Holdings, Inc., through its subsidiaries, provides on-demand software solutions to automotive retail industry in the United States and Canada.

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TheStreet Ratings rates DealerTrack as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. You can view the full

DealerTrack Ratings Report

.

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