Key Developments: Dealertrack Technologies Inc (TRAK.OQ)
38.32USD
1 Aug 2013
$0.92 (+2.46%)
$37.40
$37.74
$38.36
$37.50
65,810
68,002
$38.61
$23.75
Latest Key Developments (Source: Significant Developments)
DealerTrack Technologies Inc Raises FY 2013 Guidance
DealerTrack Technologies Inc announced that for fiscal 2013, it expects revenue to be between $453.0 million and $462.0 million, an increase from prior guidance of between $447.0 million and $456.0 million, GAAP net income to be between $9.5 million and $12.5 million, a decrease from prior guidance of between $10.0 million and $13.0 million, diluted GAAP net income per share to be between $0.21 and $0.28, a decrease from prior guidance of between $0.22 and $0.29 per share, adjusted EBITDA to be between $112.5 million and $116.5 million, an increase from prior guidance of between $111.0 million and $115.0 million, adjusted net income to be between $55.0 million and $58.0 million, an increase from prior guidance of between $54.0 million and $57.0 million and diluted adjusted net income per share to be between $1.21 and $1.28, an increase from prior guidance of between $1.19 and $1.26. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $452.4 million, EBITDA of $114.0 million, net income of $55.8 million and EPS of $1.23 for fiscal 2013. Full Article
DealerTrack Technologies Inc Completes Acquisition of Casey & Casey NPS, Inc.
DealerTrack Technologies Inc announced that the Company has completed its acquisition of Casey & Casey NPS, Inc. (d/b/a Auto Title Express), Louisiana’s first electronic public license tag agency, and the provider of electronic vehicle registration, lien and title services, among other related services, in the state. The agreement to acquire Casey & Casey was announced on February 25, 2013. Full Article
Dealertrack Technologies Inc Issues FY 2013 Guidance; Earnings Guidance Below Analysts' Estimates
Dealertrack Holdings Inc announced that for fiscal 2013, it expects revenue to be between $447.0 million and $456.0 million, GAAP net income to be between $10.0 million and $13.0 million, Diluted GAAP net income per share to be between $0.22 and $0.29, Non-GAAP adjusted EBITDA to be between $111.0 million and $115.0 million, Non-GAAP adjusted net income to be between $54.0 million and $57.0 million and Non-GAAP Diluted adjusted net income per share to be between $1.19 and $1.26. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $451.6 million, EBITDA of $115.2 million, net income of $58.5 million and EPS of $1.30 for fiscal 2013. Full Article
DealerTrack Technologies Inc Announces Agreement to Acquire Louisiana-based Casey & Casey NPS, Inc
DealerTrack Technologies Inc announced that it has entered into an agreement to acquire Casey & Casey NPS, Inc. (d/b/a Auto Title Express), Louisiana`s electronic public license tag agency, and the largest provider of electronic vehicle registration, lien and title services, among other related services, in the state. Total consideration for the transaction is expected to be $21.2 million in cash, subject to standard purchase price adjustments. Upon the close of the acquisition, Casey & Casey will become part of Dealertrack`s Lender Solutions Group, a product suite that includes registration and titling, collateral management and digital document solutions. Dealertrack`s registration and titling solutions are being used in states that allow for electronic vehicle registration including California, Connecticut, Georgia, Illinois, Indiana, Maryland, Massachusetts, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Virginia and Wisconsin. Dealertrack also supports cross-state vehicle registration in all 50 states through the use of its web-based RegUSA tool, and is a provider offering the administration and management of electronic liens in each of the current 18 eligible states. The transaction is expected to close in the second quarter of 2013. Full Article
Dealertrack Holdings Inc Raises FY 2012 Revenue Guidance; Raises Low End Of Prior FY 2012 Earnings Guidance In Line With Analysts' Estimates
Dealertrack Holdings Inc announced that it expects revenue to be between $387.0-$390.0 million, GAAP net income to be between $21.5-$23.0 million and diluted GAAP net income per share to be between $0.49-$0.52. The Company expects non- GAAP adjusted EBITDA to be $96.5-$98.0 million, non-GAAP adjusted net income to be between $48.0-$49.5 million and diluted adjusted net income per share (EPS) to be $1.08-$1.12. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $384.3 million, EBITDA of $96.8 million, net income of $48.3 million and EPS of $1.09 for fiscal 2012. Full Article
Dealertrack Holdings Inc's DealerTrack Canada, Inc. Acquires Assets Of Ford Of Canada's DMS Business
Dealertrack Holdings Inc announced that DealerTrack Canada Inc will acquire the assets of Ford Motor Company of Canada, Limited's iCONNECT Direct DMS business. As part of the agreement, DealerTrack will assume control and own the administrative, sales, and support operations of Ford's iCONNECT Direct DMS in the Canadian provinces. Ford of Canada will continue to provide non-DMS-related help desk support, hardware procurement services, and infrastructure expertise to its dealers. The transaction is expected to close in the fourth quarter of this year, and is not expected to have a material impact on DealerTrack's recurring, monthly subscription revenue. Full Article
Dealertrack Holdings Inc And RouteOne LLC Settle Patent Infringement Lawsuit
Dealertrack Holdings Inc and RouteOne LLC announced that they have settled patent infringement litigation that DealerTrack, Inc., commenced against RouteOne in 2004. Under the terms of the settlement, DealerTrack and RouteOne will file a stipulation of dismissal today with Judge Andrew Guilford of the United States District Court for the Central District of California by which all claims raised by the parties in all cases brought by DealerTrack against RouteOne for alleged infringement of DealerTrack's U.S. Patents Nos. 5,878,403, 6,587,841 and 7,181,427 are to be dismissed. The consolidated case is entitled DealerTrack, Inc. v. RouteOne LLC et al., CV-06-2335 AG (FMOx). Full Article
Dealertrack Holdings Inc Announces Acquisition Of ClickMotive
Dealertrack Holdings Inc announced the acquisition of ClickMotive LP, a provider of interactive marketing solutions for the automotive retailing industry. Total consideration for the transaction is expected to be $48.9 million in cash, subject to a standard purchase price adjustment and net of certain expenses. Additionally, the sellers will be eligible to receive additional consideration of up to $7.65 million, payable in 2014, if ClickMotive achieves certain performance targets in 2013. Full Article
DealerTrack Holdings, Inc. Raises FY 2012 Guidance
DealerTrack Holdings, Inc. announced that for fiscal 2012, it expects revenue to be between $381.0-$385.0 million, GAAP net income to be between $24.5-$26.5 million and diluted GAAP net income per share to be between $0.55-$0.60. The Company expects non- GAAP adjusted EBITDA to be $96.0-$98.0 million, non-GAAP adjusted net income to be between $47.5-$49.5 million and diluted adjusted net income per share (EPS) to be $1.07-$1.12. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $380.1 million, EBITDA of $95.2 million, net income of $47.8 million and EPS of $1.07 for fiscal 2012. Full Article
DealerTrack Holdings, Inc. Completes Acquisition of 1st Auto Transport Directory, Inc.
DealerTrack Holdings, Inc. announced that the Company has completed its acquisition of 1st Auto Transport Directory, Inc., a web-based network for arranging vehicle transportation and shipping. The agreement to acquire 1st Auto Transport Directory was announced on July 19, 2012. Full Article

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