DealerTrack Reaches New 52-Week High (TRAK)

NEW YORK ( TheStreet) -- DealerTrack Holdings (Nasdaq: TRAK) hit a new 52-week high Thursday as it is currently trading at $29.09, above its previous 52-week high of $28.80 with 45,598 shares traded as of 10:15 a.m. ET. Average volume has been 307,700 shares over the past 30 days.

DealerTrack has a market cap of $1.16 billion and is part of the technology sector and computer software & services industry. Shares are up 3.6% year to date as of the close of trading on Wednesday.

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 273.3, above 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 buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, good cash flow from operations and solid stock price performance. 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 DealerTrack Ratings Report.

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