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LAKE SUCCESS, N.Y. — Fueled by across-the-board gains during
the second quarter along with its recent acquisition, DealerTrack Holdings
raised its financial performance guidance for the remainder of 2012.

Looking first at GAAP results for the second quarter,
DealerTrack's revenue moved up to $96.4 million from $89.1 million a year
earlier.

As a result, the company's second-quarter GAAP net income came
in at $5.9 million, marking a rise from $2.2 million generated in the year-ago
period.

Furthermore, diluted GAAP net income per share for the
quarter was $0.13 as compared to $0.05 for the second quarter of 2011.

DealerTrack mentioned its GAAP net income includes a $3.5
million or $0.08 per share gain (net of taxes) from the sale of certain Chrome
branded assets that were not contributed to its Chrome Data joint venture.

Moving over to second quarter non-GAAP results, the company
determined its adjusted EBITDA settled at $25.0 million, an uptick from $24.3
million a year earlier.

DealerTrack's adjusted net income for the quarter was $13.7
million as compared to $10.8 million for the second quarter of 2011.

Executives added their diluted adjusted net income per share
for the quarter was $0.31, as compared to $0.25 in the year-ago time frame.

Financial Performance Through Six Months

DealerTrack revealed its financial statement through the
first half of the year, beginning first with GAAP results and comparing them to
the first six months of 2011:

—Revenue was $188.0 million as compared to $166.2 million.

—GAAP net income was $22.9 million as compared to $26.9
million. 

—Diluted GAAP net income per share was $0.52 as compared to
$0.64. 

Executives noted GAAP net income included a $3.5 million, or
$0.08 per share, gain (net of taxes) from the sale of certain Chrome branded
assets that were not contributed to their Chrome Data joint venture. They added
GAAP net income for 2011 was positively impacted by a $23.5 million, or $0.56
per share, non-cash reduction in the valuation allowance against the company's
net U.S. deferred tax assets. 

DealerTrack then went on to highlight its non-GAAP results
for the first six months of 2012, again comparing them to the year-ago span:

—Adjusted EBITDA was $44.5 million as compared to $39.8
million.

—Adjusted net income was $23.2 million as compared to $18.3
million.

—Diluted adjusted net income per share was $0.53 as compared
to $0.43.

Updated Guidance for 2012

DealerTrack updated its annual guidance based on second
quarter results and the acquisition of 1st Auto Directory Transport as follows,
starting with expected GAAP results:

—Revenue for the year is expected to be between $381.0
million and $385.0 million, an increase from prior guidance of between $375.0
million and $382.0 million.

—GAAP net income for the year is expected to be between
$24.5 million and $26.5 million, a decrease from prior guidance of between
$27.0 million and $30.0 million.

—Diluted GAAP net income per share for the year is expected
to be between $0.55 and $0.60, a decrease from prior guidance of between $0.61
and $0.68 per share.

As far as expected non-GAAP results, DealerTrack projected
the following:

—Adjusted EBITDA for the year is expected to be between
$96.0 million and $98.0 million, an increase from prior guidance of between
$94.0 million and $97.0 million.

—Adjusted net income for the year is expected to be between
$47.5 million and $49.5 million, an increase from prior guidance of between
$46.0 million and $49.0 million.

—Diluted adjusted net income per share for the year is
expected to be between $1.07 and $1.12, an increase from prior guidance of
between $1.04 and $1.11.

DealerTrack emphasized its updated guidance assumes no
change in its SAAR expectations for the full year.

The company believes new-vehicle sales by franchised dealers
are expected to be approximately 14.2 million units and used-vehicle sales by
franchised stores are projected to be approximately 14.0 million units for
2012. 

Executives pointed out their 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 went on to mention their updated guidance assumes an
effective tax rate of 39 to 40 percent for the full year, an increase from
prior guidance of 37 to 38 percent.

DealerTrack chairman and chief executive officer Mark O'Neil
stated, "We are pleased with the results we achieved in the second quarter. 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 1st Auto Transport Directory.

"We believe this acquisition will enable us to drive further
increases in monthly subscription fees from dealerships while helping dealers
improve their overall efficiency and profitability," O'Neil continued. "We are
increasing our revenue guidance and non-GAAP earnings guidance in 2012 to
reflect the acquisition of 1st Auto Transport Directory."