In today’s session CDK Global Inc (CDK) registered an unusually high (1,205) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CDK increase. With 1,205 contracts traded and 32044 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CDK161118C00060000 closed last at: $0.9 or 0% . About 49,694 shares traded hands. CDK Global Inc (NASDAQ:CDK) has risen 20.50% since March 9, 2016 and is uptrending. It has outperformed by 13.08% the S&P500.
Analysts await CDK Global Inc (NASDAQ:CDK) to report earnings on November, 1. They expect $0.54 earnings per share, up 42.11% or $0.16 from last year’s $0.38 per share. CDK’s profit will be $79.25M for 25.27 P/E if the $0.54 EPS becomes a reality. After $0.49 actual earnings per share reported by CDK Global Inc for the previous quarter, Wall Street now forecasts 10.20% EPS growth.
CDK Global Inc (NASDAQ:CDK) Ratings Coverage
Out of 3 analysts covering CDK Global (NASDAQ:CDK), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. $50 is the highest target while $46 is the lowest. The $47.50 average target is -12.97% below today’s ($54.58) stock price. CDK Global has been the topic of 5 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The company was upgraded on Thursday, February 4 by Barrington Research. JP Morgan maintained CDK Global Inc (NASDAQ:CDK) on Tuesday, December 15 with “Underweight” rating. The stock has “Neutral” rating given by JP Morgan on Wednesday, April 6. Morgan Stanley downgraded it to “Underweight” rating and $46 target price in Tuesday, January 19 report. The stock of CDK Global Inc (NASDAQ:CDK) earned “Underweight” rating by JP Morgan on Friday, August 14.
According to Zacks Investment Research, “CDK Global, Inc. provides integrated information technology and digital marketing solutions to the automotive retail industry. The Company operates in three segments: Automotive Retail Solutions North America, Automotive Retail Solutions International, and Digital Marketing Solutions. It integrates workflow processes from pre-sale targeted advertising and marketing campaigns to the sale, financing, insurance, parts supply, repair and maintenance of vehicles. CDK Global, Inc. is based in Hoffman Estates, Illinois.”
CDK Global, Inc. provides integrated information technology and digital marketing solutions. The company has a market cap of $8.01 billion. The Company’s divisions include Retail Solutions North America, Advertising North America and CDK International. It has a 36.09 P/E ratio. Through its Retail Solutions North America segment, the Company provides technology solutions, including automotive Website platforms, that help automotive retailers, original equipment manufacturers and other industry participants manage the acquisition, sale, financing, insuring, parts supply, repair and maintenance of vehicles.
CDK Company Profile
CDK Global, Inc., incorporated on May 6, 2014, is a well-known provider of integrated information technology and digital marketing solutions to the automotive retail and adjacent industries. The Company’s divisions include Retail Solutions North America, Advertising North America and CDK International. As of June 30, 2016, the Company provided solutions to dealers in approximately 100 countries around the world, covering over 27,000 retail locations and original equipment manufacturers (OEMs). The Company’s solutions automate and integrate all parts of the buying process from targeted digital advertising and marketing campaigns to the sale, financing, insuring, parts supply, repair and maintenance of vehicles. The Firm serves franchised independent automotive retailers in North America and internationally. It sells data management, business intelligence, benchmarking and dealer management systems (DMS) integration services to OEMs.
More notable recent CDK Global Inc (NASDAQ:CDK) news were published by: Forbes.com which released: “CDK Global Reaches Analyst Target Price” on August 04, 2016, also Globenewswire.com with their article: “CDK Global to Participate in Citi’s 2016 Global Technology Conference” published on August 03, 2016, Wsj.com published: “Elliott Management Urges CDK Global to Trim Costs, Buy Back Shares” on May 04, 2016. More interesting news about CDK Global Inc (NASDAQ:CDK) were released by: Equitiesfocus.com and their article: “CDK Global, Inc. (NASDAQ:CDK) Short-Term Price Target At $58.38” published on October 11, 2016 as well as Globenewswire.com‘s news article titled: “CDK Global to Add Two Independent Directors to Board” with publication date: August 03, 2016.
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