LAKE SUCCESS, N.Y. -

What dealers have known as DealerTrack Holdings not only reported its third-quarter financial results last week, but the company also changed its name.

Going forward, the company is now known as Dealertrack Technologies.

As far as its third-quarter performance for the span that ended Sept. 30, the company first reported its GAAP results, which included:

—Revenue for the quarter was $99.1 million as compared to $95.8 million for the third quarter of 2011.

—GAAP net loss for the quarter was $2.9 million as compared to GAAP net income of $5.4 million for the third quarter of 2011.

—Diluted GAAP net loss per share for the quarter was $0.07 as compared to GAAP net income per share of $0.13 for the third quarter of 2011.

Officials said GAAP net loss for the quarter includes a $3.3 million or $0.08 per share, non-cash charge (net of taxes) from an adjustment to fair value relating to a warrant.

Next, Dealertrack Technologies shared its non-GAAP results for the third quarter, which were:

—Adjusted EBITDA for the quarter was $27.0 million as compared to $25.8 million for the third quarter of 2011.

—Adjusted net income for the quarter was $12.5 million as compared to $14.7 million for the third quarter of 2011.

—Diluted adjusted net income per share for the quarter was $0.28, as compared to $0.34 for the third quarter of 2011.

"As a result of updating the company's full year expected effective tax rate, a tax benefit that was realized in the prior quarter was reversed in the third quarter, negatively impacting diluted adjusted net income per share by $0.02." company officials said.

"Adjusted net income per share for the third quarter would have been $0.30 without the impact of this reversal," they continued.

Next, Dealertrack Technologies delved into the figures for the first nine months of the year, beginning with GAAP results:

—Revenue for the nine months was $287.1 million, as compared to $262.0 million for the same period in 2011.

—GAAP net income for the nine months was $20.0 million, as compared to $32.3 million for the same period in 2011.

—Diluted GAAP net income per share for the nine months was $0.45, as compared to $0.76 for the same period in 2011.

The company noted GAAP net income for that nine-month span included several factors:

—A $15.9 million, or $0.36 per share, gain (net of taxes) for the contribution of the net assets of Chrome to the Chrome Data Solutions joint venture.

—A $3.4 million, or $0.08 per share, gain (net of taxes) from the sale of certain Chrome branded assets that were not contributed to our Chrome Data joint venture

—A $3.9 million, or $0.09 per share, non-cash charge (net of taxes) from an adjustment to fair value relating to a warrant.

Dealertrack Technologies indicated GAAP net income for the first nine months of last year was positively impacted by a $22.4 million, or $0.53 per share, non-cash reduction in the valuation allowance against the company's net U.S. deferred tax assets.

Moving along, the company's non-GAAP results for the first nine months of this year included:

—Adjusted EBITDA for the nine months was $71.5 million as compared to $65.6 million for the same period in 2011.

—Adjusted net income for the nine months was $35.4 million as compared to $33.2 million for the same period in 2011.

—Diluted adjusted net income per share for the nine months was $0.81 as compared to $0.78 for the same period in 2011.

Dealertrack Technologies chairman and chief executive officer Mark O'Neil commented on the company performance as well as other developments that occurred during the quarter.

"Our healthy third-quarter performance allows us to remain squarely on track to achieve our full-year revenue expectations and our adjusted EBITDA margin target of approximately 25 percent with revenue from recent acquisitions further contributing to our results," O'Neil said.

"In addition 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," he continued.

"ClickMotive significantly strengthens Dealertrack's existing eCarList digital retailing capabilities with an expanded website and digital marketing platform," O'Neil went on to say. "Importantly, it gives Dealertrack access to a part of dealership advertising budgets, in addition to their technology budgets. 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."

Updated Guidance for 2012

Dealertrack Technologies updated its 2012 annual guidance based on its third quarter results and for the acquisitions of ClickMotive and the assets of Ford Motor Company of Canada's iCONNECT Direct DMS business.

The expected GAAP results are as follows:

—Revenue for the year is expected to be between $387.0 million and $390.0 million, an increase from prior guidance of between $381.0 million and $385.0 million.

—GAAP net income for the year is expected to be between $21.5 million and $23.0 million, a decrease from prior guidance of between $24.5 million and $26.5 million.

—Diluted GAAP net income per share for the year is expected to be between $0.49 and $0.52, a decrease from prior guidance of between $0.55 and $0.60 per share.

The projected non-GAAP results include:

—Adjusted EBITDA for the year is expected to be between $96.5 million and $98.0 million, an increase from prior guidance of between $96.0 million and $98.0 million.

—Adjusted net income for the year is expected to be between $48.0 million and $49.5 million, an increase from prior guidance of between $47.5 million and $49.5 million.

—Diluted adjusted net income per share for the year is expected to be between $1.08 and $1.12, an increase from prior guidance of between $1.07 and $1.12.

"The updated guidance assumes car sales will be generally consistent with what we have seen during the first nine months of 2012 with new-car sales by franchised dealers of approximately 14.3 million units and used car sales by franchised dealers of approximately 14.5 million units for 2012, an increase from our previous assumptions of 14.2 million units and 14.0 million units, respectively," Dealertrack Technologies officials said.

"Diluted GAAP net income and adjusted net income per share guidance for the year continue to be based on an estimated 44.3 million diluted weighted average shares outstanding," they continued. "The updated guidance assumes an effective tax rate of 39 percent for the full year, a decrease from prior guidance of 39.5 percent at the mid-point."