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Last $38.62 USD
Change Today +0.18 / 0.47%
Volume 308.0K
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

dealertrack technologies inc (TRAK) Snapshot

Open
$38.45
Previous Close
$38.44
Day High
$38.95
Day Low
$37.99
52 Week High
12/4/14 - $50.59
52 Week Low
08/4/14 - $36.43
Market Cap
2.1B
Average Volume 10 Days
489.2K
EPS TTM
$-0.10
Shares Outstanding
54.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DEALERTRACK TECHNOLOGIES INC (TRAK)

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dealertrack technologies inc (TRAK) Details

Dealertrack Technologies, Inc. provides Web-based software solutions and services to the automotive retail industry in the United States and Canada. It offers digital marketing solutions, which provide Websites, digital advertising, and other digital marketing offerings to assist dealers in achieving higher lead conversion rates that help to optimize various shoppers to their Websites; dealer management solutions, which provide dealer management system featuring tools and real-time data access; and F&I solutions that allow dealers to streamline the in-store and online sales, as well as financing processes. The company also provides inventory solutions, which provide vehicle inventory management and transportation offerings to help dealers accelerate used-vehicle turn rates and assisting with the facilitation of vehicle delivery; registration and titling solutions that include online motor vehicle registration services; and collateral management solutions, which comprise electronic lien and titling applications, title and collateral administration, and digital contracting processing services. It primarily serves automotive dealers and lenders, aftermarket providers, OEMs, third party retailers, and other service and information providers to the automotive retail industry. Dealertrack Technologies, Inc. was founded in 2001 and is headquartered in Lake Success, New York.

3,900 Employees
Last Reported Date: 02/25/15
Founded in 2001

dealertrack technologies inc (TRAK) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $591.7K
Co-President
Total Annual Compensation: $322.5K
Chief Financial & Administrative Officer, Pri...
Total Annual Compensation: $322.3K
Executive Vice President of Lender Solutions
Total Annual Compensation: $265.2K
Chief Information Officer and Executive Vice ...
Total Annual Compensation: $315.0K
Compensation as of Fiscal Year 2013.

dealertrack technologies inc (TRAK) Key Developments

Dealertrack Technologies, Inc. Unveils New Inventory Management Tools

Dealertrack Technologies, Inc. introduced New Car Pricing and Multiplatform Listing tools for its Inventory+ solution to help dealers better manage new vehicle and wholesale inventory. Dealertrack’s Inventory+ New Car Pricing tool enables dealers to more efficiently price new vehicles using all of the latest manufacturers’ incentives and rebates, as well as competitive market data. In addition, this tool supports making pricing changes in bulk down to the vehicle’s model and trim levels, reducing the typical repricing process by days. New car pricing updates can also be instantly synchronized with the dealer’s website inventory listings. The new Multiplatform Listing tool allows dealers to launch wholesale vehicles on all major online auctions – at the same time – from one platform. When a vehicle is sold on one of the auction sites, the Dealertrack tool works seamlessly to remove the car from all auction platforms, protecting dealers from double selling inventory and incurring associated fines and penalties. This tool also delivers integrated access to wholesale books and transactional values to assist in pricing vehicles to a specific market and maximizing profitability.

Dealertrack Technologies Introduces New Inventory+ Mobile App

Dealertrack Technologies introduced its new Inventory+ Mobile app, an innovative and comprehensive inventory management solution that delivers a 360 view of data insight and analytics with rich mobile and workflow capabilities for dealers. This next generation of mobile inventory management app replaces Dealertrack's existing TrueTarget Mobile app, and features upgraded functionality and design. In addition to being powered by robust analytics, appraising, pricing, and merchandising functionality, the new mobile app has been redesigned for an even better user workflow and offers new capabilities for sourcing and trading vehicles, including better usability for dealer groups to access multiple stores. Dealertrack Inventory+ is an innovative and comprehensive inventory management desktop and mobile solution that delivers 360 view of data insight and analytics with intuitive and efficient workflow capabilities for dealers.

Dealertrack Technologies, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Fiscal Year 2015

Dealertrack Technologies, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, Revenue was $237.3 million, as compared to $126.1 million for 2013. GAAP net loss was $6.4 million, as compared to $3.7 million for 2013. Diluted GAAP net loss per share for the quarter was $0.12, as compared to $0.08 for 2013. Adjusted EBITDA was $54.7 million, as compared to $28.1 million for 2013. Adjusted net income was $23.0 million, as compared to $12.4 million for 2013. Diluted adjusted net income per share was $0.42, as compared to $0.27 for 2013. Strong revenue and non-GAAP earnings growth reflects the positive momentum the company is gaining with expanded platform of connected technologies and services that are driving the convergence of online to in-store automotive retailing. Loss from operations was $2,212,000 against $4,238,000 a year ago. Income before provision for income taxes was $10,581,000 against $5,788,000 a year ago. Capital expenditures in the fourth quarter of 2014 were approximately $24 million. Capital expenditures included $12 million of internally developed software. For the year, revenue was $854.4 million, as compared to $481.5 million for 2013. GAAP net loss was $17.3 million, as compared to GAAP net income of $5.9 million for 2013. Diluted GAAP net loss per share was $0.33, as compared to diluted GAAP net income per share of $0.13 for 2013. GAAP net loss was negatively impacted by a $7.5 million, or $0.14 per share, non-cash charge (net of taxes) relating to certain changes in expected asset use as the company integrated acquired solutions, and was positively impacted by a $6.8 million, or $0.13 per share, gain (net of taxes) on the sale of the company’s s investment in TrueCar, Inc. Adjusted EBITDA was $192.6 million, as compared to $117.7 million for 2013. Adjusted net income was $82.3 million, as compared to $59.1 million for 2013. Diluted adjusted net income per share was $1.53, as compared to $1.30 for 2013. Loss from operations was $12,177,000 against profit from operations of $11,054,000 a year ago. Loss before provision for income taxes was $28,658,000 against income before provision for income taxes of $4,567,000 a year ago. Net cash provided by operating activities was $30,390,000 against $82,385,000 a year ago. Capital expenditure was $93 million. The company provided earnings guidance for the year 2015. On GAAP basis, the company expects revenue to be between $1,080 million and $1,100 million, an increase of 26% to 29% from 2014. Net loss is expected to be between $20.0 million and $17.0 million. Diluted net loss per share is expected to be between $0.34 and $0.29. On non-GAAP basis, adjusted EBITDA is expected to be between $220.0 million and $225.0 million. Adjusted net income is expected to be between $80.0 million and $85.0 million. Diluted adjusted net income per share is expected to be between $1.39 and $1.48. The guidance assumes that in 2015 new and used car sales by franchised dealers will increase between 2% to 3%. With regard to capital expenditures, total capital expenditures for the full year are expected to be between $96 million and $100 million, inclusive of incadea, of which approximately half will likely be internally developed software. With reduced capital expenditures as a percentage of revenue, the company will focus on generating improved cash flow and lowering overall net debt leverage ratio in the future. The company's guidance for the full year also assumes an effective tax rate of approximately 35% for GAAP results.

 

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Industry Analysis

TRAK

Industry Average

Valuation TRAK Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.4x
Price/Book 1.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.0x
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