Keeley Teton Comments on CDK Global

CDK Global (

CDK, Financial) is the leading provider of IT systems used by automobile dealers to manage theirbusiness. The company reported calendar second quarter earnings that were a little shy of expectations across the board. More concerning to the Street is that the company continues to spend heavily on growth initiatives, even though the previous spending does not seem to be generating the hoped-for results. With a good market position, attractive returns, and a cheap valuation, we are willing to give this experienced management team a little more time to hit its stride.

From Keeley Mid Cap Dividend Value Fund’s third-quarter 2021 commentary.

Also check out:

Leave a Reply

Your email address will not be published.

scroll to top