CDK Global Inc (CDK) Releases Earnings Results, Beats Expectations By $0.01 EPS

CDK Global Inc (CDK) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.42 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.41. The company posted revenue of $537.70 million in the period, compared to analysts expectations of $542.08 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on CDK Global Inc. Company shares were Upgraded by JP Morgan on Apr 6, 2016 to ” Neutral”, Firm has raised the Price Target to $ 49 from a previous price target of $43 .

CDK Global Inc opened for trading at $50 and hit $50.57 on the upside on Wednesday, eventually ending the session at $49.3, with a gain of 4.83% or 2.27 points. The heightened volatility saw the trading volume jump to 28,68,440 shares. Company has a market cap of $7,655 M.

In a different news, on Feb 17, 2015, Robert N. Karp (VP & President, ARNA) sold 55,146 shares at $46.30 per share price.

CDK Global Inc. is a global provider both integrated technology and digital marketing/advertising solutions to the automotive retail industry. The Company’s solutions automate and integrate critical workflow processes from pre-sale targeted advertising and marketing campaigns to the sale financing insurance parts supply repair and maintenance of vehicles with an increasing focus on utilizing big data analytics and predictive intelligence. The Company’s solutions address the entire automotive retailers’ value chain. The Company operates in three segments: Automotive Retail Solutions North America (North American Automotive Retail) Automotive Retail Solutions International (International Automotive Retail) and Digital Marketing Solutions (Digital Marketing).

CDK Global Inc

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