DealerTrack Reaches New 52-Week High (TRAK)

NEW YORK ( TheStreet) -- DealerTrack Holdings (Nasdaq: TRAK) hit a new 52-week high Tuesday as it is currently trading at $31.50, above its previous 52-week high of $31.41 with 191,509 shares traded as of 12:39 p.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 13.9% year to date as of the close of trading on Monday.

DealerTrack Holdings, Inc. provides software solutions to the automotive retail industry in the United States and Canada. The company offers DealerTrack DMS, an open platform to integrate and manage functions of store operations. The company has a P/E ratio of 20.2, 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 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, solid stock price performance, reasonable valuation levels and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full DealerTrack Ratings Report.

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