LAKE SUCCESS, N.Y. — What dealers have known as DealerTrack
Holdings not only reported its third-quarter financial results this week, but
the company 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."