Zacks Investment Research downgraded shares of DEALERTRACK HLD (TRAK) from NEUTRAL to UNDERPERFORM on March 12, 2013, with a target price of $28.50.
DealerTrack is a leading provider of on-demand software and data solutions for the automotive retail industry in the United States. DealerTrack utilizes the Internet to link auto dealers with banks, finance companies, credit unions and other financing sources, as well as other service and information providers such as the major credit reporting agencies. DealerTrack's credit application processing product enables dealers to automate and accelerate customer financing by increasing the speed of communications with their financing sources. It's integrated subscription-based software products and services enable auto dealers to receive valuable consumer leads compare financing and leasing programs sell insurance and other aftermarket products document legal and regulatory compliance and execute financing contracts electronically.
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