CDK Global with ticker code (CDK) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 57.5 and 48 and has a mean target at 52.75. Now with the previous closing price of 42.42 this would imply there is a potential upside of 24.4%. The 50 day moving average now sits at 42.15 while the 200 day moving average is 45.02. The company has a market capitalisation of $4,933m. Company Website: https://www.cdkglobal.com
The potential market cap would be $6,134m based on the market concensus.
CDK Global, together with its subsidiaries, provides integrated data and technology solutions to the automotive, heavy truck, recreation, and heavy equipment industries in the United States and internationally. It offers subscription-based software and technology solutions to automotive retailers, as well as to retailers and manufacturers of heavy trucks, construction and agricultural equipment, motorcycles, boats, and other marine and recreational vehicles. The company’s flagship Dealer Management System provides software solutions that facilitates the sale of new and used vehicles, consumer financing, repair and maintenance services, and vehicle and parts inventory management. It also provides a portfolio of layered software applications and services to address the needs of automotive retail workflows. In addition, the company offers data management and business intelligence solutions to automotive retailers and original equipment manufacturers through its Neuron intelligent data platform. Further, it offers professional services, custom programming, consulting, implementation, and training solutions, as well as customer support solutions. The company serves approximately 15,000 retail locations. CDK Global was incorporated in 2014 and is headquartered in Hoffman Estates, Illinois.
