CDK Global with ticker code (CDK) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 65 and 48 with a mean TP of 57.67. With the stocks previous close at 41.57 this now indicates there is a potential upside of 38.7%. There is a 50 day moving average of 41.54 and the 200 day moving average is 45.59. The market capitalisation for the company is $4,905m. Company Website: https://www.cdkglobal.com
The potential market cap would be $6,805m 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.
