CDK Global (NASDAQ:CDK) announced its earnings results on Tuesday. The software maker reported $0.79 EPS for the quarter, beating the consensus estimate of $0.69 by $0.10, Briefing.com reports. CDK Global had a negative return on equity of 75.74% and a net margin of 5.32%. The business had revenue of $494.60 million for the quarter, compared to the consensus estimate of $485.00 million. During the same period last year, the business posted $0.89 EPS. The company’s revenue was up 10.8% on a year-over-year basis. CDK Global updated its FY20 guidance to $3.30-3.50 EPS.
CDK stock traded up $0.17 during midday trading on Friday, hitting $51.16. 2,735 shares of the company’s stock were exchanged, compared to its average volume of 527,474. CDK Global has a 12-month low of $41.50 and a 12-month high of $63.90. The firm has a 50 day moving average price of $48.16 and a 200-day moving average price of $49.42. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 1.57 and a beta of 0.92.
CDK has been the topic of several analyst reports. BidaskClub upgraded CDK Global from a “buy” rating to a “strong-buy” rating in a report on Thursday. ValuEngine upgraded CDK Global from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Barrington Research restated a “buy” rating and set a $65.00 price objective on shares of CDK Global in a report on Monday, August 19th. Finally, Zacks Investment Research downgraded CDK Global from a “hold” rating to a “sell” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $64.00.
CDK Global, Inc provides software and technology solutions for automotive retailers in the United States and internationally. The company operates through Retail Solutions North America, Advertising North America, and CDK International segments. The company offers Dealer Management System (DMS), a portfolio of layered software applications and services for automotive retailers, original equipment manufacturers (OEMs), consumers, and other industry participants manage the acquisition, sale, financing, insuring, parts supply, and repair and maintenance of vehicles.
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