Market Overview

CDK Global: Q1 Earnings Insights

Share:

Shares of CDK Global (NASDAQ:CDK) were unchanged after the company reported Q1 results.

Quarterly Results

Earnings per share increased 3.80% year over year to $0.82, which beat the estimate of $0.68.

Revenue of $493,600,000 decreased by 0.20% year over year, which beat the estimate of $466,940,000.

Guidance

The upcoming fiscal year's EPS expected to be between $3.10 and $3.40.

The upcoming fiscal year's revenue expected to be between $2,000,000,000 and $2,050,000,000.

How To Listen To The Conference Call

Date: Nov 02, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/baqsjjt8

Technicals

52-week high: $57.00

52-week low: $29.12

Price action over last quarter: down 5.59%

Company Description

CDK Global Inc provides integrated information technology and digital marketing solutions to the automotive retail and adjacent industries. The firm's solutions integrate clients' buying processes, from targeted advertising and marketing campaigns to the sale, financing, and maintenance of vehicles. CDK has three segments - Retail Solutions North America, which provides automotive website platforms to manage the buying process of vehicles; Advertising North America, which provides advertising and marketing solutions across multiple channels; and CDK International, which provides technology-based retail solutions outside the United States and Canada. A large majority of the firm's revenue is generated in the United States, but CDK has a presence in countries across the world.

 

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Posted-In: Earnings