OverviewSuggest Edit

Speedway Motorsports, Inc. is a leading marketer, promoter and sponsor of motorsports entertainment in the United States. The Company, through its subsidiaries, owns and operates the following premier facilities: Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Kentucky Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, Sonoma Raceway, and Texas Motor Speedway. The Company provides souvenir merchandising services through its SMI Properties subsidiaries; manufactures and distributes smaller-scale, modified racing cars and parts through its U.S. Legend Cars International subsidiary; and produces and broadcasts syndicated motorsports programming to radio stations nationwide though its Performance Racing Network subsidiary.
TypePublic
Founded1959
HQCharlotte, US
Websitespeedwaymotorsports.com
Employee Ratings4

Latest Updates

Employees (est.) (Dec 2018)748(+4%)
Job Openings5
Revenue (FY, 2018)$461.9 M(+259%)
Share Price (Sep 2019)$19.8

Speedway Motorsports Office Locations

Speedway Motorsports has an office in Charlotte
Charlotte, US (HQ)
5401 E Independence Blvd
Show all (1)

Speedway Motorsports Financials and Metrics

Speedway Motorsports Revenue

Speedway Motorsports's revenue was reported to be $461.91 m in FY, 2018
USD

Revenue (Q2, 2019)

141.9m

Net income (Q2, 2019)

17.4m

Market capitalization (17-Sep-2019)

808.1m

Closing stock price (17-Sep-2019)

19.8

Cash (30-Jun-2019)

104.7m

EV

902.0m
Speedway Motorsports's current market capitalization is $808.1 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

505.8m490.2m145.7m146.8m147.0m136.9m128.9m461.9m

Cost of goods sold

106.2m101.4m99.5m102.2m104.3m102.8m94.2m

Gross profit

399.6m388.8m46.2m44.7m42.7m34.1m34.7m

Gross profit Margin, %

79%79%32%30%29%25%27%
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

153.1m177.0m84.8m181.0m142.3m84.2m53.5m37.7m24.0m53.0m39.2m22.3m53.0m40.7m21.7m49.3m37.2m19.0m50.1m34.5m74.4m165.8m160.1m107.9m141.9m

Cost of goods sold

28.9m40.0m15.0m34.5m35.1m15.2m33.7m34.2m16.2m33.5m33.7m14.9m34.6m35.3m13.1m34.7m36.6m12.5m33.2m32.7m

Gross profit

124.1m136.9m69.8m146.5m107.2m69.0m19.8m3.6m7.8m19.5m5.5m7.4m18.4m5.5m8.7m14.6m650.0k6.5m16.8m1.7m

Gross profit Margin, %

81%77%82%81%75%82%37%9%33%37%14%33%35%13%40%30%2%34%34%5%
USDY, 2019

EV/CFO

17.9 x

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.5 x
Show all financial metrics

Speedway Motorsports Online and Social Media Presence

Embed Graph

Speedway Motorsports News and Updates

SPEEDWAY MOTORSPORTS INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Speedway Motorsports, Inc. - TRK

NEW ORLEANS, July 31, 2019 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Speedway Motorsports, Inc. (NYSE: TRK) to Sonic Financial Corporation. Under the terms of...

Speedway Motorsports, Inc. Schedules 2019 Second Quarter Earnings Conference Call

CONCORD, N.C., July 26, 2019 (GLOBE NEWSWIRE) --  Speedway Motorsports, Inc. (NYSE: TRK), a leading marketer, promoter and sponsor of motorsports entertainment, will host its quarterly conference call on Wednesday, July 31, 2019 at 10:00 a.m. (ET).

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Speedway Motorsports, Inc.

NEW YORK, July 25, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Speedway Motorsports, Inc. (NYSE: TRK) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by Sonic Financial Corporation. Stockholders...

SHAREHOLDER ALERT: WeissLaw LLP Investigates Speedway Motorsports, Inc.

NEW YORK, July 24, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Speedway Motorsports, Inc. ("TRK" or the "Company") (NYSE: TRK) in connection with the proposed acquisition of the Company by...

Wolf Popper LLP Investigates the Proposed Acquisition of Speedway Motorsports, Inc. by Its Controlling Shareholder, Sonic Financial Corporation

NEW YORK, July 24, 2019 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Speedway Motorsports, Inc. (NYSE: TRK) concerning the proposed acquisition of Speedway by its controlling shareholder, Sonic Financial Corporation. According to Carl Stine, a partner...

Speedway Motorsports Reports Results for First Quarter 2019 and Reaffirms Full Year 2019 Guidance

CONCORD, N.C., May 01, 2019 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (SMI) (NYSE: TRK) today reported first quarter 2019 total revenues of $107.9 million, net income of $8.6 million or $0.21 per diluted share, and adjusted non-GAAP net income of $8.8 million or $0.22 per diluted share. These…
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Speedway Motorsports Frequently Asked Questions

  • When was Speedway Motorsports founded?

    Speedway Motorsports was founded in 1959.

  • How many employees does Speedway Motorsports have?

    Speedway Motorsports has 748 employees.

  • What is Speedway Motorsports revenue?

    Latest Speedway Motorsports annual revenue is $461.9 m.

  • What is Speedway Motorsports revenue per employee?

    Latest Speedway Motorsports revenue per employee is $617.5 k.

  • Who are Speedway Motorsports competitors?

    Competitors of Speedway Motorsports include Smyle Creative, Upper Street Events and Catalyst Media Group.

  • Where is Speedway Motorsports headquarters?

    Speedway Motorsports headquarters is located at 5401 E Independence Blvd, Charlotte.

  • Where are Speedway Motorsports offices?

    Speedway Motorsports has an office in Charlotte.

  • How many offices does Speedway Motorsports have?

    Speedway Motorsports has 1 office.