Last $43.40 USD
Change Today +0.34 / 0.79%
Volume 596.0K
TRAK On Other Exchanges
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As of 8:10 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

dealertrack technologies inc (TRAK) Snapshot

Open
$43.48
Previous Close
$43.06
Day High
$43.84
Day Low
$42.85
52 Week High
03/5/14 - $58.84
52 Week Low
04/22/13 - $26.28
Market Cap
1.9B
Average Volume 10 Days
541.1K
EPS TTM
$0.30
Shares Outstanding
44.2M
EX-Date
--
P/E TM
142.5x
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 Dealer Management solutions, which provide dealer management system featuring tools and real-time data access; Sales and F&I solutions that allow dealers to streamline the in-store and online sales, and financing processes; and Inventory solutions, which deliver vehicle inventory management and transportation offerings to help dealers accelerate used-vehicle turn rates and assisting with the facilitation of vehicle delivery. The company also offers Interactive solutions for delivering digital marketing and Website offerings to assist dealers in achieving higher lead conversion rates; Registration & Titling solutions that include online motor vehicle registration and cross-state 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. The company has strategic partnership with docSTAR. Dealertrack Technologies, Inc. was founded in 2001 and is headquartered in Lake Success, New York.

2,500 Employees
Last Reported Date: 02/21/14
Founded in 2001

dealertrack technologies inc (TRAK) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $545.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $307.1K
Senior Vice President of Sales
Total Annual Compensation: $262.3K
Chief Information Officer and Executive Vice ...
Total Annual Compensation: $295.8K
Executive Vice President of Dealer Solutions,...
Total Annual Compensation: $308.3K
Compensation as of Fiscal Year 2012.

dealertrack technologies inc (TRAK) Key Developments

Dealertrack Technologies Announces Plans for New Corporate Headquarters on Long Island

Dealertrack Technologies announced plans to maintain its corporate headquarters on Long Island and has signed a lease to move into a newly constructed 233,000 square foot corporate office building in the nearby Village of North Hills in early 2016. The new environmentally-friendly, LEED-certified building planned for 3400 New Hyde Park Road is approximately one mile from Dealertrack's current headquarters. Dealertrack expects to benefit from financial incentives being provided by the State of New York and Nassau County.

Dealertrack Technologies Announces Plans for New Corporate Headquarters on Long Island

Dealertrack Technologies, Inc. announced plans to maintain its corporate headquarters on Long Island and has signed a lease to move into a newly constructed 233,000 square foot corporate office building in the nearby Village of North Hills in early 2016. The new environmentally-friendly, LEED-certified building planned for 3400 New Hyde Park Road is approximately one mile from Dealertrack's current headquarters. Dealertrack expects to benefit from financial incentives being provided by the State of New York and Nassau County.

Dealertrack Technologies, Inc. and Dealertrack Canada, Inc. Enter into a Credit Agreement with JPMorgan Chase Bank, N.A

Dealertrack Technologies, Inc. and Dealertrack Canada, Inc. entered into a credit agreement with JPMorgan Chase Bank, N.A., as Administrative Agent, the several lenders from time to time party thereto and the other agents from time to time party thereto. The New Credit Agreement provides the Borrowers with credit facilities aggregating $800 million, including a $575 million term loan B facility and a $225 million revolving credit facility. The proceeds of the Term Facility were used to pay the cash consideration for the Merger to the Sellers, to effectuate the payment in full of any amounts due under that certain Credit Agreement dated as of April 20, 2011, by and among Dealertrack, the Canadian Borrower, the several lenders party thereto from time to time, JPMorgan Chase Bank, N.A., as administrative agent and the other agents from time to time party thereto to pay the fees and expenses related to the Merger and the refinancing of the 2011 Credit Agreement and for general corporate purposes of Dealertrack and its subsidiaries. The proceeds of the Revolving Facility may be used for general corporate purposes of Dealertrack and its subsidiaries. Up to $25 million of the Revolving Facility may be used to obtain letters of credit, up to $25 million of the Revolving Facility may be used to obtain swing line loans, and up to $35 million of the Revolving Facility may be used to obtain revolving loans and letters of credit in Canadian Dollars. The 2011 Credit Agreement was terminated on the Signing Date. The New Credit Agreement provides that, subject to certain conditions, Dealertrack may request, at any time and from time to time, the establishment of one or more additional term loan facilities and/or the Borrowers may request increases to the Revolving Facility in an aggregate principal amount not to exceed the sum of $200 million plus an additional amount if, after giving effect to such additional amount on a pro forma basis, Dealertrack’s consolidated first lien leverage ratio does not exceed 4.00 to 1.00. Interest on loans made under the New Credit Agreement’s Term Facility accrues, at Dealertrack’s option, at a rate per annum equal to the ABR plus a margin ranging from 1.50% to 1.75% depending upon Dealertrack’s consolidated first lien leverage ratio or LIBOR for an interest period to be selected by Dealertrack plus a margin ranging from 2.50% to 2.75% depending upon Dealertrack’s consolidated first lien leverage ratio. Interest on loans made under the New Credit Agreement’s Revolving Facility in U.S. Dollars accrues, at the Borrowers’ option, at a rate per annum equal to the ABR plus a margin ranging from 0.50% to 1.25% depending upon Dealertrack’s consolidated first lien leverage ratio or LIBOR for an interest period to be selected by Dealertrack plus a margin ranging from 1.50% to 2.25% depending upon Dealertrack’s consolidated first lien leverage ratio. Interest on loans made under the New Credit Agreement’s Revolving Facility in Canadian Dollars accrues at a rate per annum equal to the ABR plus a margin ranging from 0.50% to 1.25% depending upon Dealertrack’s consolidated first lien leverage ratio or the CDOR Rate for an interest period to be selected by Dealertrack plus a margin ranging from 2.50% to 2.75% depending upon Dealertrack’s consolidated first lien leverage ratio.

 

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TRAK

Industry Average

Valuation TRAK Industry Range
Price/Earnings 100.0x
Price/Sales 3.9x
Price/Book 3.2x
Price/Cash Flow 322.6x
TEV/Sales 3.3x
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