DealerTrack upgraded to Outperform from Market Perform at Wells Fargo Wells Fargo upgraded DealerTrack on expectations the company's growth will accelerate over the next several years as it builds the broadest set of integrated products for the auto retailing industry. Wells raised its price target range for shares to $54-$56 from $47-$49.
DealerTrack secures customer wins for incadea.myengine automotive DMS solution Dealertrack Technologies announced it has secured several customer wins for its incadea.myengine automotive DMS solution. Munich-based incadea will strengthen its presence in several growth markets, including Europe, Africa and Latin America, by leveraging the uniquely competitive value of its Microsoft Dynamics NAV 2013-based scalable DMS solution.
DealerTrack downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo downgraded DealerTrack to Market Perform citing the pending acquisition by Cox Automotive. Wells raised its price target range for shares to $63-$64 from $52-$55.