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CDK

CDK Global

$47.34

0.57 (1.22%)

16:05
08/13/19
08/13
16:05
08/13/19
16:05

CDK Global reports Q4 adj. EPS 88c, consensus 92c

Reports Q4 revenue $488.6M, consensus $585.2M. "We achieved very positive results, with record DMS sales in the quarter and improved retention in North America. I'm pleased with the favorable momentum we're seeing in our business metrics and product innovations, especially with our Drive Flex solution and Fortellis Open API platform," said Brian Krzanich, president and CEO. "We are excited about the long-term growth opportunities ahead for us as we focus now solely on our world-class software business and providing great experiences for our customers."

  • 13

    Aug

  • 05

    Sep

CDK CDK Global
$47.34

0.57 (1.22%)

11/08/18
11/08/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Square (SQ) downgraded to Neutral from Positive at Susquehanna analyst James Friedman citing valuation and the lack of a CFO at the company. 2. Landstar System (LSTR) downgraded to Neutral from Buy at Goldman Sachs and to Sector Weight from Overweight at KeyBanc. 3. Dean Foods (DF) downgraded to Hold from Buy at Jefferies with analyst Akshay Jagdale saying he believes the company's cost savings opportunity is significant enough to more than offset secular headwinds. 4. Ctrip (CTRP) downgraded to Neutral from Outperform at Credit Suisse, to Neutral from Buy at Citi, to Underperform from Outperform at CLSA, and to Hold from Buy at China Renaissance. 5. CDK Global (CDK) downgraded to Market Perform from Outperform at Wells Fargo with analyst Timothy Willi saying he believes that CDK faces a variety of headwinds during FY19 that will likely limit upside in the shares despite the discounted valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/13/18
BRRR
11/13/18
NO CHANGE
Target $80
BRRR
Outperform
CDK Global post-earnings pullback unwarranted, says Barrington
Barrington analyst Gary Prestopino said CDK Global's Q1 results were better than his expectations and he believes the decline of over 12% in the shares since the report is unwarranted and has created a significant buying opportunity. He also notes the company's guidance reduction was due to its inclusion of ELEAD1ONE, the deal for which recently closed and will be dilutive to FY19 results. Prestopino maintains an Outperform rating on CDK shares with an $80 price target.
01/30/19
MSCO
01/30/19
NO CHANGE
Target $57
MSCO
Equal Weight
Morgan Stanley skeptical of CDK reports on Cars.com bid, GM loss
Morgan Stanley analyst Brian Essex says he remains skeptical of reports that CDK Global (CDK) may make a takeover bid for Cars.com (CARS). Several previous reports had CDK involved in a transaction that never materialized, Essex tells investors in an intraday research note. The analyst says that while a deal with Cars.com could make strategic sense, he would need to see compelling valuation, evidence of fundamental improvement, and synergy dynamics "in order for it to make sense." He's also skeptical of news regarding the loss of General Motors (GM), CDK Global's largest customer. CDK has highlighted on its past few earnings calls revenue declines associated with a pullback in advertising spending at GM, "but we understand they remain a substantial customer of CDK," Essex writes. He keeps an Equal Weight rating on CDK Global with a $57 price target. The stock in afternoon trading is down 5%, or $2.78, to $48.46. Cars.com, on the other hand, is up 5%, or $1.22, to $27.24.
07/01/19
BRRR
07/01/19
NO CHANGE
Target $80
BRRR
Outperform
CDK Global divestiture 'very positive' for shareholder value, says Barrington
Barrington analyst Gary Prestopino believes CDK Global's plan divest its digital marketing businesses is "very positive" for long-term shareholder value. These businesses were "cyclical, competitive, overly reliant on one client and not positively impacting shareholder value," Prestopino tells investors in a research note. The analyst keeps an Outperform rating on CDK Global with an $80 price target.

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