FI showroom red and grey logo
MenuMENU
SearchSEARCH

DealerTrack Raises 2012 Guidance on Q3 Performance

Based on the first nine months of 2012, DealerTrack says it expects franchised dealers to end the year with 14.3 million new cars sold.

by Staff
November 13, 2012
2 min to read


LAKE SUCCESS, N.Y. — Based on what it saw during the first nine months, DealerTrack Technologies Inc. said in its third-quarter performance report that it expects franchised dealers to end the year with approximately 14.3 million and 14.5 million used and new vehicles sold, respectively.

The technology company, which acquired ClickMotive and Ford of Canada’s iConnect Direct DMS last month, reported a net loss of $2.9 million in the third quarter, compared to a net income of $5.4 million in the year-ago period. Revenue, however, grew from $95.8 million a year ago to $99.1 million during the quarter.

Ad Loading...

“Our healthy third-quarter performance allows us to remain squarely on track to achieve our full-year revenue expectation and our adjusted EBITDA (earnings before interest, tax, depreciation and amortization) margin target of approximately 25 percent, with revenue from recent acquisitions further contributing to our results," CEO Mark O'Neil stated in the company's third quarter earnings report.

Revenue for the first nine months of 2012 totaled $287.1 million, up from $262 million a year ago. Net income was $35.4 million for the period, up from $33.2 million a year ago. Based on those results, DealerTrack raised its 2012 guidance for revenue, but lowered its expectation for net income.

Based on its third quarter results and the acquisition of ClickMotive and iConnect Direct DMS, DealerTrack expects revenue for this year to be between $387 and $390 million, up from its prior guidance of between $381 and $385 million.

DealerTrack also expects to end the year with net income of between $21.5 million and $23 million, down from its prior guidance of between $24.5 million and $26.5 million.

The company also raised its expectation for year-end sales totals, with officials putting new-car sales by franchised dealers at approximately 14.3 million units vs. its previous assumption of 14.2 million units. As for used-car sales, the technology company raised its expectations from 14 million units to 14.5 million.

Ad Loading...

“In additional to organic growth in our transaction and subscription businesses in the quarter, we are excited to further broaden our market opportunity with the addition of ClickMotive to our digital retailing suite,” O’Neil added. “ClickMotive significantly strengthens DealerTrack’s existing eCarList digital retailing capabilities with an expanded website and digital marketing platform.

“More importantly, it gives DealerTrack access to a part of dealership advertising budget, in addition to their technology budgets,” he continued. “We believe investments we are making to both broaden and deepen our product portfolio are improving our market leadership and position us for long-term growth.”

 

 

More F&I

Assurant, Sell Value Build Trust, F&I Series, Expert Trainer Trent White
F&ISeptember 2, 2026

Sell Value, Build Trust

In this video, Trent White explains why selling on value, not fear, builds lasting customer trust, reduces cancellations, and drives long-term success.

Read More →
2026 StoneEagle summary
F&Iby Hannah MitchellAugust 31, 2026

F&I Sales Give Dealers First-Half Lift

Product business shored up total profits to avoid an overall revenue tanking as product penetrations held steady, StoneEagle reported.

Read More →
man with white hair and glasses delivering a speech standing next to a podium
F&Iby Lauren LawrenceAugust 31, 2026

Targeted Training Drives Results

Today’s technology, instead of threatening F&I managers, can actually make them better, according to an industry veteran who’s watched market setbacks roil the unprepared.

Read More →
Ad Loading...
Man's hand holding pen over a paper document
F&Iby Justin B. GasmanAugust 20, 2026

Double the Change, Double the Chance

When an F&I manager gets a customer refusal, it’s a wise move to tweak more than one thing in the product offering.

Read More →
Laptop computer, tablet, calculator and notebook on a desk
F&Iby John TabarAugust 20, 2026

Just Do It

F&I managers need training, but instead of resisting application or expecting perfection, they should improve by simply acting on what they learn.

Read More →
stacks of coins, a calculator, paperwork, and a pair of glasses in the background, text Lender Experience Drives Dealer Decisions, F&I and Showroom
Auto Financeby Lauren LawrenceAugust 12, 2026

Dealer Lender Preferences Revealed

When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.

Read More →
Ad Loading...
Leading with Purpose thumbnail. Trent white pictured in front of titled graphic.
F&IAugust 5, 2026

Leading with Purpose

In this video, Trent White explains how understanding your people’s 'why' is a key leadership responsibility of F&I professionals and how that mindset drives dealership engagement, trust and performance.

Read More →
Photo of a keyring with mltiple keys, including a car key fob, on a white surface
F&IJuly 15, 2026

Integrating Nontraditional F&I Products

The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.

Read More →
Photo of businessman's hands holding eyeglasses at a desk
F&Iby Rick McCormickJuly 7, 2026

Trust Is Personal

Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.

Read More →
Ad Loading...
Photo of executive in a sports coat and glasses
Industryby StaffJuly 2, 2026

Amplify 2026 Billed as Turning Innovation Into Results

Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.

Read More →