Intrinsic value of CDK Global - CDK

Previous Close

$66.38

  Intrinsic Value

$17.13

stock screener

  Rating & Target

str. sell

-74%

Previous close

$66.38

 
Intrinsic value

$17.13

 
Up/down potential

-74%

 
Rating

str. sell

We calculate the intrinsic value of CDK stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 9.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
  5.00
Revenue, $m
  2,331
  2,448
  2,570
  2,698
  2,833
  2,975
  3,124
  3,280
  3,444
  3,616
  3,797
  3,987
  4,186
  4,395
  4,615
  4,846
  5,088
  5,343
  5,610
  5,890
  6,185
  6,494
  6,819
  7,160
  7,518
  7,894
  8,288
  8,703
  9,138
  9,595
Variable operating expenses, $m
  411
  425
  440
  455
  472
  489
  507
  526
  546
  566
  460
  483
  507
  532
  559
  587
  616
  647
  679
  713
  749
  787
  826
  867
  911
  956
  1,004
  1,054
  1,107
  1,162
Fixed operating expenses, $m
  1,392
  1,423
  1,454
  1,486
  1,519
  1,552
  1,586
  1,621
  1,657
  1,693
  1,730
  1,768
  1,807
  1,847
  1,888
  1,929
  1,972
  2,015
  2,059
  2,105
  2,151
  2,198
  2,247
  2,296
  2,347
  2,398
  2,451
  2,505
  2,560
  2,616
Total operating expenses, $m
  1,803
  1,848
  1,894
  1,941
  1,991
  2,041
  2,093
  2,147
  2,203
  2,259
  2,190
  2,251
  2,314
  2,379
  2,447
  2,516
  2,588
  2,662
  2,738
  2,818
  2,900
  2,985
  3,073
  3,163
  3,258
  3,354
  3,455
  3,559
  3,667
  3,778
Operating income, $m
  528
  600
  676
  757
  843
  934
  1,031
  1,133
  1,242
  1,357
  1,607
  1,736
  1,872
  2,016
  2,169
  2,330
  2,500
  2,681
  2,871
  3,072
  3,285
  3,509
  3,746
  3,996
  4,261
  4,539
  4,833
  5,144
  5,471
  5,816
EBITDA, $m
  805
  884
  968
  1,058
  1,152
  1,252
  1,358
  1,471
  1,590
  1,715
  1,849
  1,989
  2,138
  2,296
  2,462
  2,638
  2,824
  3,021
  3,228
  3,447
  3,679
  3,923
  4,181
  4,452
  4,739
  5,042
  5,361
  5,698
  6,053
  6,427
Interest expense (income), $m
  50
  115
  96
  103
  110
  118
  126
  134
  143
  152
  162
  172
  183
  194
  206
  218
  231
  245
  260
  275
  290
  307
  325
  343
  362
  382
  404
  426
  449
  474
  500
Earnings before tax, $m
  413
  504
  573
  647
  725
  808
  897
  990
  1,089
  1,195
  1,435
  1,553
  1,678
  1,810
  1,950
  2,098
  2,255
  2,421
  2,596
  2,782
  2,978
  3,185
  3,403
  3,634
  3,878
  4,136
  4,407
  4,694
  4,997
  5,316
Tax expense, $m
  112
  136
  155
  175
  196
  218
  242
  267
  294
  323
  387
  419
  453
  489
  527
  567
  609
  654
  701
  751
  804
  860
  919
  981
  1,047
  1,117
  1,190
  1,267
  1,349
  1,435
Net income, $m
  302
  368
  419
  472
  530
  590
  655
  723
  795
  872
  1,047
  1,133
  1,225
  1,321
  1,424
  1,532
  1,646
  1,767
  1,895
  2,031
  2,174
  2,325
  2,484
  2,653
  2,831
  3,019
  3,217
  3,427
  3,648
  3,881

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,846
  2,988
  3,138
  3,295
  3,460
  3,632
  3,814
  4,005
  4,205
  4,415
  4,636
  4,868
  5,111
  5,367
  5,635
  5,917
  6,213
  6,523
  6,850
  7,192
  7,552
  7,929
  8,326
  8,742
  9,179
  9,638
  10,120
  10,626
  11,157
  11,715
Adjusted assets (=assets-cash), $m
  2,846
  2,988
  3,138
  3,295
  3,460
  3,632
  3,814
  4,005
  4,205
  4,415
  4,636
  4,868
  5,111
  5,367
  5,635
  5,917
  6,213
  6,523
  6,850
  7,192
  7,552
  7,929
  8,326
  8,742
  9,179
  9,638
  10,120
  10,626
  11,157
  11,715
Revenue / Adjusted assets
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
  0.819
Average production assets, $m
  1,485
  1,559
  1,637
  1,719
  1,805
  1,895
  1,990
  2,089
  2,194
  2,303
  2,419
  2,540
  2,667
  2,800
  2,940
  3,087
  3,241
  3,403
  3,573
  3,752
  3,940
  4,137
  4,344
  4,561
  4,789
  5,028
  5,280
  5,544
  5,821
  6,112
Working capital, $m
  -42
  -44
  -46
  -49
  -51
  -54
  -56
  -59
  -62
  -65
  -68
  -72
  -75
  -79
  -83
  -87
  -92
  -96
  -101
  -106
  -111
  -117
  -123
  -129
  -135
  -142
  -149
  -157
  -164
  -173
Total debt, $m
  1,776
  1,904
  2,039
  2,180
  2,328
  2,484
  2,647
  2,819
  2,999
  3,188
  3,387
  3,596
  3,815
  4,045
  4,286
  4,540
  4,806
  5,086
  5,379
  5,687
  6,011
  6,351
  6,708
  7,082
  7,476
  7,889
  8,323
  8,778
  9,256
  9,758
Total liabilities, $m
  2,562
  2,690
  2,824
  2,965
  3,114
  3,269
  3,433
  3,604
  3,785
  3,974
  4,172
  4,381
  4,600
  4,830
  5,072
  5,325
  5,592
  5,871
  6,165
  6,473
  6,797
  7,136
  7,493
  7,868
  8,261
  8,674
  9,108
  9,563
  10,042
  10,544
Total equity, $m
  285
  299
  314
  329
  346
  363
  381
  400
  421
  442
  464
  487
  511
  537
  564
  592
  621
  652
  685
  719
  755
  793
  833
  874
  918
  964
  1,012
  1,063
  1,116
  1,172
Total liabilities and equity, $m
  2,847
  2,989
  3,138
  3,294
  3,460
  3,632
  3,814
  4,004
  4,206
  4,416
  4,636
  4,868
  5,111
  5,367
  5,636
  5,917
  6,213
  6,523
  6,850
  7,192
  7,552
  7,929
  8,326
  8,742
  9,179
  9,638
  10,120
  10,626
  11,158
  11,716
Debt-to-equity ratio
  6.240
  6.370
  6.500
  6.620
  6.730
  6.840
  6.940
  7.040
  7.130
  7.220
  7.310
  7.390
  7.460
  7.540
  7.610
  7.670
  7.740
  7.800
  7.850
  7.910
  7.960
  8.010
  8.060
  8.100
  8.140
  8.190
  8.220
  8.260
  8.300
  8.330
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  302
  368
  419
  472
  530
  590
  655
  723
  795
  872
  1,047
  1,133
  1,225
  1,321
  1,424
  1,532
  1,646
  1,767
  1,895
  2,031
  2,174
  2,325
  2,484
  2,653
  2,831
  3,019
  3,217
  3,427
  3,648
  3,881
Depreciation, amort., depletion, $m
  277
  284
  292
  300
  309
  318
  327
  337
  348
  359
  242
  254
  267
  280
  294
  309
  324
  340
  357
  375
  394
  414
  434
  456
  479
  503
  528
  554
  582
  611
Funds from operations, $m
  579
  652
  711
  773
  839
  908
  982
  1,060
  1,143
  1,231
  1,289
  1,387
  1,491
  1,601
  1,718
  1,840
  1,970
  2,108
  2,253
  2,406
  2,568
  2,738
  2,919
  3,109
  3,310
  3,522
  3,745
  3,981
  4,230
  4,492
Change in working capital, $m
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
Cash from operations, $m
  581
  655
  713
  775
  841
  911
  985
  1,063
  1,146
  1,234
  1,292
  1,391
  1,495
  1,605
  1,722
  1,845
  1,975
  2,112
  2,257
  2,411
  2,573
  2,744
  2,925
  3,115
  3,316
  3,529
  3,752
  3,989
  4,238
  4,500
Maintenance CAPEX, $m
  -141
  -148
  -156
  -164
  -172
  -180
  -190
  -199
  -209
  -219
  -230
  -242
  -254
  -267
  -280
  -294
  -309
  -324
  -340
  -357
  -375
  -394
  -414
  -434
  -456
  -479
  -503
  -528
  -554
  -582
New CAPEX, $m
  -70
  -74
  -78
  -82
  -86
  -90
  -95
  -99
  -104
  -110
  -115
  -121
  -127
  -133
  -140
  -147
  -154
  -162
  -170
  -179
  -188
  -197
  -207
  -217
  -228
  -239
  -251
  -264
  -277
  -291
Cash from investing activities, $m
  -211
  -222
  -234
  -246
  -258
  -270
  -285
  -298
  -313
  -329
  -345
  -363
  -381
  -400
  -420
  -441
  -463
  -486
  -510
  -536
  -563
  -591
  -621
  -651
  -684
  -718
  -754
  -792
  -831
  -873
Free cash flow, $m
  369
  432
  479
  530
  583
  640
  700
  765
  833
  905
  947
  1,028
  1,114
  1,205
  1,302
  1,404
  1,512
  1,626
  1,747
  1,875
  2,010
  2,153
  2,304
  2,464
  2,632
  2,810
  2,998
  3,197
  3,406
  3,627
Issuance/(repayment) of debt, $m
  -349
  128
  134
  141
  148
  156
  163
  172
  180
  189
  199
  209
  219
  230
  242
  254
  266
  280
  294
  308
  324
  340
  357
  375
  393
  413
  434
  455
  478
  502
Issuance/(repurchase) of shares, $m
  184
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -165
  128
  134
  141
  148
  156
  163
  172
  180
  189
  199
  209
  219
  230
  242
  254
  266
  280
  294
  308
  324
  340
  357
  375
  393
  413
  434
  455
  478
  502
Total cash flow (excl. dividends), $m
  204
  560
  614
  671
  731
  796
  864
  936
  1,013
  1,094
  1,146
  1,237
  1,333
  1,435
  1,543
  1,657
  1,778
  1,906
  2,041
  2,183
  2,334
  2,493
  2,661
  2,838
  3,026
  3,223
  3,432
  3,652
  3,884
  4,129
Retained Cash Flow (-), $m
  -486
  -14
  -15
  -16
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -26
  -27
  -28
  -30
  -31
  -33
  -34
  -36
  -38
  -40
  -42
  -44
  -46
  -48
  -51
  -53
  -56
Prev. year cash balance distribution, $m
  127
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  56
  58
  61
  64
  67
  71
  74
  78
  82
  86
  90
  95
  100
  105
  110
  115
  121
  127
  134
  140
  147
  155
  162
  170
  179
  188
  197
  207
  218
  228
Cash available for distribution, $m
  -155
  546
  599
  655
  715
  778
  846
  917
  993
  1,073
  1,123
  1,213
  1,309
  1,410
  1,516
  1,629
  1,748
  1,875
  2,008
  2,149
  2,298
  2,455
  2,621
  2,797
  2,982
  3,177
  3,384
  3,601
  3,831
  4,074
Discount rate, %
  8.50
  8.93
  9.37
  9.84
  10.33
  10.85
  11.39
  11.96
  12.56
  13.19
  13.85
  14.54
  15.26
  16.03
  16.83
  17.67
  18.55
  19.48
  20.46
  21.48
  22.55
  23.68
  24.86
  26.11
  27.41
  28.78
  30.22
  31.73
  33.32
  34.99
PV of cash for distribution, $m
  -143
  460
  458
  450
  437
  420
  397
  371
  342
  311
  270
  238
  206
  176
  147
  121
  97
  76
  58
  44
  32
  23
  16
  11
  7
  4
  3
  2
  1
  1
Current shareholders' claim on cash, %
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

CDK Global, Inc. provides integrated information technology and digital marketing solutions. The Company's segments include Retail Solutions North America, Advertising North America and CDK International. Through its Retail Solutions North America segment, the Company provides technology-based solutions, including automotive Website platforms, that help automotive retailers, original equipment manufacturers (OEMs) and other industry participants manage the acquisition, sale, financing, insuring, parts supply, repair and maintenance of vehicles. Through its Advertising North America segment, the Company provides advertising solutions, including management of digital advertising spend, for OEMs and automotive retailers. As of June 30, 2016, through its CDK International segment, it provided technology-based solutions similar to the retail solutions provided in its Retail Solutions North America segment in approximately 100 countries outside of the United States and Canada.

FINANCIAL RATIOS  of  CDK Global (CDK)

Valuation Ratios
P/E Ratio 31.4
Price to Sales 4.2
Price to Book -125.6
Price to Tangible Book
Price to Cash Flow 21.6
Price to Free Cash Flow 27.6
Growth Rates
Sales Growth Rate 5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 46.9%
Cap. Spend. - 3 Yr. Gr. Rate 16.4%
Financial Strength
Quick Ratio 15
Current Ratio 0.3
LT Debt to Equity -2871.6%
Total Debt to Equity -2935.1%
Interest Coverage 10
Management Effectiveness
Return On Assets 12.6%
Ret/ On Assets - 3 Yr. Avg. 10.3%
Return On Total Capital 16.1%
Ret/ On T. Cap. - 3 Yr. Avg. 13.5%
Return On Equity 207%
Return On Equity - 3 Yr. Avg. 87.7%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 44.4%
Gross Margin - 3 Yr. Avg. 41.3%
EBITDA Margin 25%
EBITDA Margin - 3 Yr. Avg. 22.2%
Operating Margin 22%
Oper. Margin - 3 Yr. Avg. 18.9%
Pre-Tax Margin 19.6%
Pre-Tax Margin - 3 Yr. Avg. 17.2%
Net Profit Margin 13.3%
Net Profit Margin - 3 Yr. Avg. 11.1%
Effective Tax Rate 30.3%
Eff/ Tax Rate - 3 Yr. Avg. 33.8%
Payout Ratio 27.4%

CDK stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CDK stock intrinsic value calculation we used $2220 million for the last fiscal year's total revenue generated by CDK Global. The default revenue input number comes from 2017 income statement of CDK Global. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CDK stock valuation model: a) initial revenue growth rate of 5% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 8.5%, whose default value for CDK is calculated based on our internal credit rating of CDK Global, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of CDK Global.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CDK stock the variable cost ratio is equal to 17.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1362 million in the base year in the intrinsic value calculation for CDK stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for CDK Global.

Corporate tax rate of 27% is the nominal tax rate for CDK Global. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CDK stock is equal to 2.5%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CDK are equal to 63.7%.

Life of production assets of 10 years is the average useful life of capital assets used in CDK Global operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CDK is equal to -1.8%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $-74 million for CDK Global - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 147 million for CDK Global is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of CDK Global at the current share price and the inputted number of shares is $9.8 billion.

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COMPANY NEWS

▶ Wired News CDK Global to Buy ELEAD1ONE   [Jul-18-18 07:05AM  ACCESSWIRE]
▶ CDK Global to Acquire ELEAD1ONE   [Jul-16-18 07:00AM  Business Wire]
▶ Dan Flynn Joins Women in Automotive Advisory Board   [Jun-25-18 08:00AM  Business Wire]
▶ CDK Global Declares Regular Quarterly Cash Dividend   [Jun-07-18 05:15PM  GlobeNewswire]
▶ Does CDK Global Incs (NASDAQ:CDK) PE Ratio Warrant A Buy?   [Apr-26-18 10:02AM  Simply Wall St.]
▶ CDK Global: Fiscal 3Q Earnings Snapshot   [09:22AM  Associated Press]
▶ CDK Global Acquires Progressus Media   [Apr-17-18 08:00AM  Business Wire]
▶ CDK Global & Auto/Mate to Terminate Planned Transaction   [Mar-20-18 12:35PM  GlobeNewswire]
▶ CDK Partners with Nissan for US Dealer Website Program   [Mar-14-18 07:45AM  Business Wire]
▶ CDK Global Introduces Innovative Drive Flex DMSaaS Offering   [Mar-08-18 07:45AM  Business Wire]
▶ New Strong Buy Stocks for February 6th   [Feb-06-18 07:31AM  Zacks]
▶ CDK Global tops 2Q profit forecasts   [09:57AM  Associated Press]
▶ [$$] Canaccord Wants Qualcomm Independent   [Jan-20-18 12:01AM  Barrons.com]
▶ CDK Global Declares Regular Quarterly Cash Dividend   [Jan-16-18 04:55PM  GlobeNewswire]
▶ CDK Global Sees Relative Strength Rating Climb To 72   [03:00AM  Investor's Business Daily]
▶ John Griffin: A Former Tiger Cub"s Wavering Fortunes   [Dec-15-17 12:53PM  GuruFocus.com]
▶ CDK Global Earns IBD Rating Upgrade   [Dec-11-17 03:00AM  Investor's Business Daily]
▶ ETFs with exposure to CDK Global, Inc. : December 5, 2017   [Dec-05-17 12:30PM  Capital Cube]
▶ Is It The Right Time To Buy CDK Global Inc (CDK)?   [Nov-26-17 08:35AM  Simply Wall St.]
▶ CDK Global (CDK) Catches Eye: Stock Jumps 5.1%   [Nov-16-17 08:47AM  Zacks]
▶ CDK Global Increases Regular Quarterly Cash Dividend   [Nov-15-17 04:30PM  GlobeNewswire]
▶ ETFs with exposure to CDK Global, Inc. : November 9, 2017   [Nov-09-17 12:19PM  Capital Cube]
▶ Will CDK Global Incs (CDK) Earnings Grow In The Year Ahead?   [Oct-31-17 11:35AM  Simply Wall St.]
▶ CDK Global tops 1Q profit forecasts   [07:50AM  Associated Press]
▶ CDK Global Acquires Dashboard Dealership Enterprises   [Oct-26-17 05:00PM  Business Wire]
▶ ETFs with exposure to CDK Global, Inc. : August 21, 2017   [Aug-21-17 03:55PM  Capital Cube]
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