There's not much to like about the U.S. auto industry right now. But, there are still some success stories. An example is DealerTrack Holdings Inc. (NASDAQ: TRAK), which provides a variety of web-based systems to help auto dealers improve their performance.

The fact remains that the environment is still tough for the company, which reported its Q4 numbers. Revenues came in at $54.7 million, which was down from $60.7 million. There was a net loss of $1.1 million, which compares to a net gain of $4.1 million in the same period a year ago. Then again, the company was able to generate cash net income of $6.2 million in Q4.

MOST NOTEWORTHY: Ford, DealerTrack and Omnicare were today's noteworthy downgrades:

• Citigroup downgraded shares of Ford (NYSE: F) to Sell from Hold, as they see a number of rising headwinds in the company's turnaround, including a low likelihood of Ford's relatively older product lineup holding U.S. share in the first half of 2008.
• Lehman downgraded DealerTrack (NASDAQ: TRAK) to Equal Weight from Overweight citing near-term headwinds from economic uncertainty, declining auto sales, declining growth, and non-prime transaction risk.
  
• Oppenheimer downgraded shares of Omnicare (NYSE: OCR) to Perform from Outperform to reflect concerns over the timing and pace of a potential recovery.

OTHER DOWNGRADES:

• Banco Bilbao Vizcaya Argentaria (NYSE: BBV) was lowered to Hold from Buy at Deutsche Bank.
  
• Mediaset SpA (OTC: MDIUY) was downgraded to Sell from Neutral at UBS.
  
• Western Digital (NYSE: WDC) was cut to Underweight from Neutral at JP Morgan.

Here are a few highlights from this past week's earnings coverage from BloggingStocks:

• Amkor Technology Inc. (NASDAQ: AMKR) easily beat estimates and raised its guidance.
• Crocs Inc. (NASDAQ: CROX) posted solid fourth-quarter results on strong overseas sales.
• DealerTrack Holdings (NASDAQ: TRAK) fourth-quarter revenue rose, but the credit crunch hurt results.
• Garmin Ltd. (NASDAQ: GRMN) fourth-quarter earnings soared on strong holiday sales.
• Gilat Satellite Networks Ltd. (NASDAQ: GILT) posted strong quarterly and full-year results.
• HJ Heinz Co. (NYSE: HNZ) raised its guidance productivity gains and favorable exchange rates.
• JAKKS Pacific Inc. (NASDAQ: JAKK) posted solid results, lifted by Hannah Montana and Disney toys.
• Marvel Entertaiment Inc. (NYSE: MVL) earnings doubled despite investment in films not yet released.
• Newmont Mining Corp. (NYSE: NEM) swung to a fourth-quarter loss despite rising gold prices.
• Safeway Stores Inc. (NYSE: SWY) met fourth-quarter earnings estimates, ending its best year since 2001.
• Wal-Mart Stores Inc. (NYSE: WMT) posted its first $100 billion quarter but lowered its forecast.

Also, Jim Cramer sees Hewlett-Packard as a market bellwether, and Ted Allrich looks at some other bellwether stocks. Sheldon Liber gets a sense of deja vu from Exxon Mobil's (NYSE: XOM) big profits and its tussle with Chavez.

Upcoming results to watch for include Nordstom Inc. (NYSE: JWN), Macy's Inc. (NYSE: M), Washington Post Co. (NYSE: WPO), Dell Inc. (NASDAQ: DELL), Sprint-Nextel Corp. (NYSE: S), and Sears Holdings Corp. (NASDAQ: SHLD).

Visit AOL Money & Finance for more earnings coverage.

Since the dot-com implosion, the business-to-business sector has come under much criticism. But that hasn't stopped DealerTrack (NASDAQ: TRAK), which has built a sophisticated lending platform for the automotive retail industry. It deals with more than 22,000 auto dealers and 465 financing sources.

Well, this week the company announced its Q4 results. Revenues spiked 33% to $60.7 million and net income was $4.1 million, or $0.10 per share.

Unfortunately, it looks like the company is decelerating somewhat. No doubt, the credit crunch is putting pressure on dealers, who are having more difficulties in securing financing for car purchases.