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DealerTrack Announces Plan for Initial Public Offering

July 28, 2005

LAKE SUCCESS, N.Y. -- DealerTrack Holdings Inc. has filed a registration statement with the U.S. Securities and Exchange Commission in connection with a proposed initial public offering of its common stock.

The shares are being offered by DealerTrack Holdings and certain selling stockholders. J.P. Morgan Securities Inc. and Lehman Brothers Inc. will act as joint book-running managers for the proposed offering. Wachovia Capital Markets LLC will act as co-lead manager.

The offering will be made only by means of a prospectus. Once available, a preliminary prospectus may be obtained from J.P. Morgan Securities Inc. or Lehman Brothers Inc. at the addresses below.

J.P. Morgan Securities Inc.

Prospectus Department

One Chase Manhattan Plaza

New York, NY 10081

(212) 552-5164

Lehman Brothers Inc.

Prospectus Department

745 Seventh Avenue

New York, NY 10019

(212) 526-7000

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