Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



DealerTrack Shares Plunged: What You Need to Know

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of DealerTrack (Nasdaq: TRAK  ) have been derailed today, down by as much as 12%, after the company reported earnings last night.

So what: Revenue in the fourth quarter jumped 47% to $91.3 million, with adjusted net income coming out to $10.3 million, or $0.24 per share. Both figures handily topped the Street's expectations of $84.6 million in sales and a $0.20-per-share profit.

Now what: CEO Mark O'Neil attributed the strong results to healthy auto credit and car sales trends throughout the year. What's really weighing on investors is the company's guidance for the coming year. DealerTrack expects fiscal 2012 to see revenue between $365 million and $372 million, with adjusted net income between $44 million and $47 million, or $0.99 per share to $1.06 per share. Both forecasts fall short compared to what the market was looking for.

Interested in more info on DealerTrack? Add it to your watchlist by clicking here.

Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1785790, ~/Articles/ArticleHandler.aspx, 10/28/2016 4:08:12 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,164.96 -4.72 -0.03%
S&P 500 2,126.23 -6.81 -0.32%
NASD 5,190.13 -25.84 -0.50%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
TRAK.DL $0.00 Down +0.00 +0.00%
Dealertrack Techno… CAPS Rating: **