DealerTrack Holdings, Inc. expected to Report Q1 2010 Results on May 3, 2010. This event was calculated by Capital IQ (Created on February 23, 2010).

DealerTrack Holdings, Inc. reported unaudited consolidated financial results for the fourth quarter and year ended December 31, 2009. For the quarter, the company's revenue was $53.2 million, as compared to $54.7 million for the fourth quarter of 2008. GAAP net loss was $0.7 million, as compared to GAAP net loss of $1.1 million for the fourth quarter of 2008. GAAP net loss per share was $0.02, as compared to GAAP net loss of $0.03 per share for the fourth quarter of 2008. Adjusted EBITDA was $8.2 million, as compared to $7.8 million for the fourth quarter of 2008. Adjusted net income was $4.8 million, as compared to $6.3 million for the fourth quarter of 2008. Diluted adjusted net income per share was $0.12, as compared to $0.15 per share for the fourth quarter of 2008. Loss from operations was $2.6 million compared to $3.03 million a year ago. Loss before benefit for income taxes was $1.72 million compared to $2.43 million a year ago. For the full year, the company's revenue was $225.6 million, as compared to $242.7 million for 2008. GAAP net loss was $4.3 million, as compared to GAAP net income of $1.7 million for 2008. GAAP net loss per share was $0.11, as compared to GAAP diluted net income of $0.04 per share for 2008. Adjusted EBITDA was $34.4 million, as compared to $47.9 million for 2008. Adjusted net income was $20.0 million, as compared to $34.7 million for 2008. Diluted adjusted net income per share was $0.49, as compared to $0.82 per share for 2008. Loss from operations was $11 million compared to income from operations of $7.1 million a year ago. Loss before benefit for income taxes was $7.9 million compared to income before benefit for income taxes of $5.7 million a year ago. Net cash provided by operating activities was $45.5 million compared to $61.5 million a year ago. Capital expenditures were $5.4 million compared to $6.5 million a year ago. The company reiterates earnings guidance for the full year 2010. For the full year 2010, the company announced that revenue is expected to be between $240.0 million and $246.0 million, net of approximately $1.5 to $2.0 million of contra-revenue related to the GMAC agreement, GAAP net income is expected to be between $2.0 million and $4.0 million, GAAP net income per share for the year is expected to be between $0.05 and $0.09, adjusted EBITDA for the year is expected to be between $41.0 million and $45.0 million, adjusted net income for the year is expected to be between $21.5 million and $24.0 million and diluted adjusted net income per share for the year is expected to be between $0.51 and $0.57 The guidance assumes that for 2010 new car sales will be 11.5 million units and used car sales will be 13.5 million units. The guidance also includes the expected ongoing impact of the Chrysler and General Motors bankruptcies and related franchise terminations, including the Saturn wind down. Also included in guidance is the strategic agreement that recently announced with GMAC.

DealerTrack Systems, Inc. announced that Jaguar Land Rover North America LLC intends to integrate its dealer communications platform with the DealerTrack Dealer Management System (DMS) during 2010. Following the planned integration, dealers using the DealerTrack DMS with the new factory communication interface will be able to expedite critical transaction processes and eliminate many potential data errors. Information will transfer seamlessly from one system to another without having to be re-keyed. Dealers will be able to electronically transfer or receive a wide variety of communications, including financial statements, parts orders, warranty claims and reconciliations, and labor time guides.

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