EX-99.2 3 v386441_ex99-2.htm EXHIBIT 99.2

Exhibit 99.2

©2014 Dealertrack, Inc. All rights reserved. 2 ▪ Statements in this press release regarding Dealertrack’s expected 2014 performance based on both GAAP and non - GAAP measures, the long - term outlook for its business, and all other statements in this release other than the recitation of historical facts are forward - looking statements (as defined in the Private Securities Litigation Reform Act of 1995 ) . These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of Dealertrack to be materially different from any future results, performance or achievements expressed or implied by these forward - looking statements . ▪ Factors that that could materially affect such forward - looking statements include : economic trends that affect the automotive retail industry or the indirect automotive financing industry including the number of new and used cars sold ; credit availability ; reductions in automotive dealerships ; increased competitive pressure from other industry participants, including ADP, AutoTrader, Open Dealer Exchange, Reynolds and Reynolds and RouteOne ; the impact of some vendors of software products for automotive dealers making it more difficult for Dealertrack’s customers to use Dealertrack’s solutions and services ; security breaches, interruptions, failures and/or other errors involving Dealertrack’s systems or networks ; the failure or inability to execute any element of Dealertrack’s business strategy, including selling additional products and services to existing and new customers ; Dealertrack’s success in implementing an ERP system ; the volatility of Dealertrack’s stock price ; new regulations or changes to existing regulations ; the integration of recent acquisitions and the expected benefits, as well as the integration and expected benefits of any future acquisitions that Dealertrack may pursue ; Dealertrack’s success in expanding its customer base and product and service offerings, the impact of recent economic trends, and difficulties and increased costs associated with raising additional capital ; the impairment of intangible assets, such as trademarks and goodwill ; the possibility that the expected benefits of our acquisition of Dealer . com may not materialize as expected ; failure to successfully integrate the business, infrastructure and employees of Dealer . com ; and other risks listed in Dealertrack’s reports filed with the Securities and Exchange Commission (SEC), including its most recent Annual Report on Form 10 - K . These filings can be found on Dealertrack’s website at www . dealertrack . com and the SEC’s website at www . sec . gov . Forward - looking statements included herein speak only as of August 11 , 2014 and Dealertrack disclaims any obligation to revise or update such statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances, except as required by law . Safe Harbor for Forward - Looking Statements

©2014 Dealertrack, Inc. All rights reserved. 3 ▪ Founded in 2001, IPO in 2005 ▪ Headquartered in Lake Success, New York ▪ ~3,600 employees ▪ 2014 Estimated Revenue: $836 million (mid - point of guidance) ▪ 2014 Estimated Adjusted EBITDA: $188 million (mid - point of guidance ) Business Description: ▪ Dealertrack’s web - based software solutions and services enhance efficiency and profitability for all major segments of the automotive retail industry, including dealers, lenders, OEMs, third - party retailers, aftermarket providers and other service procedures ▪ Operates the largest online credit application networks in the United States and Canada Dealertrack Overview

©2014 Dealertrack, Inc. All rights reserved. 4 ▪ Leading provider of web - based software solutions and services that enhance the efficiency and profitability for all major segments of the automotive retail industry ▪ Ability to integrate and leverage Dealer.com’s innovative digital marketing solutions with Dealertrack’s in - store solutions ▪ Most comprehensive suite of solutions in industry ▪ Attractive ~ $4 billion SaaS and transaction market size provides opportunity for long - term growth ▪ ~$10 billion digital market opportunity anticipated to double by end of 2018 ▪ Consistent track record of growth and profitability ▪ Double - digit revenue growth driven through both organic growth and acquisitions ▪ Predictable business model with highly visible recurring revenue ▪ Seasoned management team with extensive industry experience Investment Highlights

©2014 Dealertrack, Inc. All rights reserved. 5 Our Vision Deliver the market leading suite of integrated technologies capable of transforming automotive retailing . 2001 2007 2014 Revolutionize automotive credit. End - to - end tools to drive efficiency. Provide our clients with the power to transform automotive retail. 1999 Elevate the role of digital in car buying.

©2014 Dealertrack, Inc. All rights reserved. 6 Dealertrack’s Network Aftermarket providers, accessory providers, OEMs and OpenTrack partners Third Party Integrations Other Information and Service Providers Lenders 1,468 U.S. lenders connected to credit application network Credit bureaus, used car value guides, identity verification services Dealers 20,670 active U.S. auto dealers on Dealertrack’s network 23,876 dealers with Dealertrack subscriptions (U.S. & Canada) Reflects business as of June 30, 2014.

©2014 Dealertrack, Inc. All rights reserved. 8 We Believe Technology Is Transforming The Auto Industry SELF DIRECTED Personalized Shopping Experience TEDIOUS 3 to 4 Hours in the Dealership FAST Process is Measured in Minutes not Hours RIGID / PROTIFABLE Limited Options FLEXIBLE / PROFITABLE Transparent and Predictable UNCOMFORTABLE Unpleasant Interactions and Negotiation ENJOYABLE Building & Strengthening Relationships TODAY TRANSFORMED CONTROLLED Dealerships Driving the Process

©2014 Dealertrack, Inc. All rights reserved. 9 *Based on Q2 2014 Reported Company Earnings and estimates. 3,640 Team members across North America 20,700 Dealerships 94%+ of franchise dealers 20+ OEMs 1,400+ Lenders 45% of all U.S. cars financed via dealertrack.com 100m+ Transactions Annually Generating $800m+ In Expected 2014 Revenue Connecting with supporting and Over 60m+ Unique visitors / month on 11,000 Dealer Websites “Touching” 3 of 4 Cars sold in North America and hosting “Insight into” 1 out of 4 Buy/Sell Lists & 5m Inventory Listings and and Managing 45% of all Financed Titles We Have Unique Capabilities To Achieve Change

©2014 Dealertrack, Inc. All rights reserved. 10 Subscription - Based Solutions Dealer Management Solutions DMS accounting system for dealers that provides easy - to - use tools and data to enhance efficiency. Digital Marketing Solutions Digital marketing and digital retailing solutions enabling dealers to move more of the in - store sales process online. F&I Solutions Streamlines the entire vehicle sales and purchase process, while helping dealers meet legal and regulatory requirements. Inventory Solutions Desktop and mobile tools to help manage and merchandise inventory to achieve faster turns and higher profits.

©2014 Dealertrack, Inc. All rights reserved. 11 0 5,000 10,000 15,000 20,000 25,000 30,000 Digital Marketing - Websites Sales and F&I** CRM Digital Marketing - Advertising Inventory ASR Pro DMS* Compliance Market Opportunity Current Clients Significant Opportunity For Further Market Penetration * Top franchise groups not included in DMS market opportunity. ** Sales and F&I include Desking, eContracting, Menu, Deal Transfer and Bookout. Addressable franchise and independent dealers

©2014 Dealertrack, Inc. All rights reserved. 12 Market Opportunity Has Increased Over Time 2006 Compliance eContracting Menu Desking Bookout Deal Transfer 2008 Inventory DMS 2014 Dealer.com ASR Pro CRM / CFM Digital Retailing 2010 Central Dispatch AAX 2012 eCarlist ClickMotive $1,700 $3,400 $4,500 $6,000 $13,000 Dealer monthly subscription revenue opportunity per rooftop

©2014 Dealertrack, Inc. All rights reserved. 13 ▪ Average dealership revenue and profitability is at its highest level in over 15 years ▪ Dealership optimism index is at its highest level since 1994 ▪ High - readiness to invest in marketing and productivity solutions Source: NADA Industry Analysis Division. EBT represents Earnings before tax. Record Dealership Sales and Profitability Encourages Investment in Technology - enabled Solutions Dealership Financial Performance 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% $15 $20 $25 $30 $35 $40 $45 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Sales ($mm) EBT% ( $ in millions)

©2014 Dealertrack, Inc. All rights reserved. 14 $415 $474 $550 $678 $749 $690 $708 $767 $757 $1,218 $0 $400 $800 $1,200 $1,600 2006 2007 2008 2009 2010 2011 2012 2013 2Q'13 2Q'14 10,722 13,209 14,342 13,852 13,996 16,003 17,619 18,464 18,076 23,876 0 6,000 12,000 18,000 24,000 2006 2007 2008 2009 2010 2011 2012 2013 2Q'13 2Q'14 The Power of Dealertrack’s Subscription Solutions Note: All numbers represent end of period . 1. Excludes impact of ALG and Chrome. 2. Excludes impact of ALG, Chrome and CentralDispatch. 3. Excludes impact of CentralDispatch. Number of Dealers with a Dealertrack Subscription Solution Average Monthly Dealership Spend (as of Last Month in Period) (1) (2) (3) (3) (3) (1) (2) (3) (3) (3)

©2014 Dealertrack, Inc. All rights reserved. 15 Transaction - Based Solutions F&I Solutions Largest online credit application processing networks in the U.S. and Canada Processing Solutions Electronic motor vehicle registration, lien and titling, and digital document services

©2014 Dealertrack, Inc. All rights reserved. 16 Growing Number of Transactions in Car Buying Process Processing an increasing number of transactions on a single car sale through Dealertrack’s network * Verification services can either be transaction or subscription revenue. ** Additional contract related transactions can occur based on lenders’ participation in digital document services . Note: Not all cars sold are processed through the Dealertrack’s network . Dollar amounts are illustrative of US pricing and may not reflect actual pricing. Dealer Dealer Lender Lender Lender Verify ID* and pull credit bureau Submit credit application Process contract** Vehicle registration Title and lien administration ~1 to 2 transactions ~2 to 4 transactions ~1 to 2 transactions ~1 transaction ~1 to 2 transactions $0.05 to $1.00 $1.50 to $5.00 $2.50 to $5.00 $2.00 to $20.00 $1.50 to $5.00

©2014 Dealertrack, Inc. All rights reserved. 17 How Transaction Revenue Grows Faster Than Car Sales 7.8% 3.1% 3.9% 2.0% 5.1% Q2 13 vs. Q2 14 10.6% 1.0% 2.4% 2.1% 10.8% Q1 13 vs. Q1 14 Acquired Revenue Car Sales Higher % of Vehicles Financed Improving Credit Increased Market Share Drivers of Market Share: ▪ Adding new lenders and dealers to the network ▪ Driving higher utilization of products from existing participants ▪ Expanding RTS opportunities by adding additional states

©2014 Dealertrack, Inc. All rights reserved. 18 0.60 0.65 0.70 0.75 0.80 0.85 0.90 0.95 1.00 Jan - 08 Apr - 08 Jul - 08 Oct - 08 Jan - 09 Apr - 09 Jul - 09 Oct - 09 Jan - 10 Apr - 10 Jul - 10 Oct - 10 Jan - 11 Apr - 11 Jul - 11 Sep - 11 Dec - 11 Mar - 12 Jun - 12 Sep - 12 Dec - 12 Mar - 13 Jun - 13 Sep - 13 Dec - 13 Mar - 14 Jun - 14 Submissions per unique applicant have been rising back to 2008 levels. Source : New car sales – Automotive News . Used car sales – CNW Research . Today: 0.88 Trough, July 2009: 0.67 Transaction Revenue Drivers Increasing Application Submissions Monthly Submissions per Applicant for New and Used Cars

©2014 Dealertrack, Inc. All rights reserved. 19 ELT & Electronic Markets and Dealertrack Footprints Dealertrack ELT Dealertrack Electronic Registrations Both ELT and Electronic Registrations (Market ) Electronic Registrations Only (Market) ELT Only (Market) NM CO UT NV OR MT ND WY KS OK AR MO LA MS AL TN KY MN WI MI IL IN OH CA AR AZ TX WA ID SD NE IA FL GA SC NC VA WV PA NY ME NH VT HI MD DE NJ CT RI MA √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √

©2014 Dealertrack, Inc. All rights reserved. 20 Transaction Revenue Drivers: Car Sales Continue to Improve New Car Sales by Franchised Dealers Used Car Sales by Franchised Dealers (units in millions) TRAK Guidance (units in millions) Two primary drivers of Dealertrack’s transaction revenue are car sales and consumer credit availability. TRAK Guidance Source: New car sales – Automotive News. Used car sales – CNW Research. 16.9 17.0 16.5 16.2 13.2 10.4 11.6 12.8 14.5 15.6 16.2 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014E 16.0 16.5 14.3 14.3 13.2 12.8 12.8 13.8 14.9 15.7 15.9 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014E 2014 car sales (new + used) from franchise dealers are trending to 32.1 million units based on historical seasonality and YTD sales as of 6/30/14

©2014 Dealertrack, Inc. All rights reserved. 21 0.5 22.5 25.0 27.5 30.0 32.5 35.0 $5.50 123.8 137.5 151.3 165.0 178.8 192.5 $6.00 135.0 150.0 165.0 180.0 195.0 210.0 $6.50 146.3 162.5 178.8 195.0 211.3 227.5 $7.00 157.5 175.0 192.5 210.0 227.5 245.0 $7.50 168.8 187.5 206.3 225.0 243.8 262.5 $8.00 180.0 200.0 220.0 240.0 260.0 280.0 Predictable Transaction Revenue with Baseline Revenue Approaching $200 Million Annually North American Cars by Franchise Dealers (units in millions) Source: New car sales – Automotive News. Used car sales – CNW Research, Canada New – Desrosiers, Canada Used – DT Est. Average Transaction Revenue per Car Sold Approx. Exclusivity: Credit Apps 20%, Contracting 30%, CMS 25% Baseline car sales of 25.0 to 27.5 million annually and revenue generated per car sold of $7.00 to $7.50 equates to minimum annual recurring transaction revenue of $175 million to $206 million . * Increase reflects addition of RTS and CMS solutions. ** Increase reflects addition of Casey & Casey and VINtek solutions. 33.9 33.5 29.7 26.5 27.7 29.5 32.9 34.8 35.3 0.0 10.0 20.0 30.0 40.0 2006 2007 2008 2009 2010 2011 2012 2013 2014E $4.43 $5.62 $5.98 $5.44 $5.50 $6.61 $6.95 $8.08 $9.70 $0.0 $3.0 $6.0 $9.0 $12.0 2006 2007 2008 2009 2010 2011* 2012 2013** YTD Jun '14**

©2014 Dealertrack, Inc. All rights reserved. 22 Transaction Revenue Drivers: Used Car Supply Will Grow Used Car Supply: Industry History and Trends 23.0 23.6 23.8 23.8 24.0 24.0 24.1 23.7 22.9 22.1 20.8 18.8 18.3 18.0 18.5 19.2 20.6 21.8 0.0 5.0 10.0 15.0 20.0 25.0 30.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013E 2014E 2015E 2016E 2017E 2018E (units in millions) Source: ALG TrueCar. Data represents used market vehicles aged seven years or less.

©2014 Dealertrack, Inc. All rights reserved. 23 Digital Marketing Solutions Dealer Website Seamless Websites ensure an optimal experience from every device - desktop, mobile or tablet Digital Retailing Connecting Dealer and Consumers to transact on - line Digital Advertising Advertising across the channels most relevant to auto shoppers: retargeting, paid search, display, and social media

©2014 Dealertrack, Inc. All rights reserved. 24 Source: *Polk ”How the Internet is changing the vehicle shopping process.” August 2013. **Statista “Breakdown of U.S. car dealers’ advertising spending from 2002 to 2013 by medium.” Current Car Shopping Data

©2014 Dealertrack, Inc. All rights reserved. 26 26 Advertising Channels Our combination of paid search, network and premium display, and social provides complete coverage across all digital ad opportunities. Unified Advertising Dashboard Connects cross - channel campaign results with market intelligence, providing performance transparency and forecasting, and precise customization of ad spending. Media Consultants Align campaigns with your strategy and leverage Real Time Bidding technology to maximize every campaign’s effectiveness. 99 The Dealer.com UAX covers o f the Web % Dealer.com Advertising Overview

©2014 Dealertrack, Inc. All rights reserved. 29 Dealertrack’s Core Growth Strategy • New lender relationships • New subscribing dealer relationships Additional Market Share Gains • Providing a comprehensive suite of solutions makes marketing and cross - selling easier • Increases stickiness of customer relationships • Better facilitates end - to - end workflow solutions Greater Wallet Share of Existing Customers • Innovate new features, functions and integration for products • Add value to subscription products to improve dealership efficiency and profitability • Enhance core credit application functionality New Products and Services • Acquire complementary technologies and services to increase operating leverage • Leverage Dealertrack’s networks for distribution of new products and services Strategic Acquisitions

©2014 Dealertrack, Inc. All rights reserved. 30 M&A Complements Organic Growth 2013 2014 - Credit App 1.0 - Desking - PaymentTrack - eContracting - NADA BookOut - Website Plus - WebAlg - CreditConnection - dealerAccess - LeaseLink - IPO - Launch eMenu - DealWatch - Desking - SalesMaker - InventoryPro - GoBig Menu - ALG (sold 10/1/11) - Chrome (JV 1/1/12) - DealerWire - DealerWare - GlobalFax - OpenTrack - Inventory 3.0 - iOS - Price Driver - Canada DMS - SmartFind - PaymentDriver - FinanceDriver - eMenu for iPad - Inventory+ - DMS 2.0 - DT 2.0 (Honda) - TradeDriver - Arkona - Curomax - ASM - AAX - TradeTracker - Polk AIC - triVIN - CentralDispatch - ClickMotive - iCONNECT - eCarlist - Casey & Casey - CFM - VINtek - Nexteppe Vision: Deliver the market leading suite of integrated technologies capable of transforming auto retailing - Dealer.com - ASR Pro

©2014 Dealertrack, Inc. All rights reserved. 31 ▪ Eighteen consecutive quarters of year - over - year revenue growth ▪ Diversified transaction revenue outpacing car sales growth ▪ Advertising revenue now a significant contributor to our overall business ▪ Over 60% of revenue from recurring subscription services and highly predictable advertising revenue ▪ Strong subscription renewal rates ▪ Operating leverage drives long - term margin potential ▪ Proven acquisition strategy complements healthy organic growth Financial Highlights

©2014 Dealertrack, Inc. All rights reserved. 32 Strong Revenue Growth Annual Revenue Quarterly Revenue $53.4 $75.1 $94.7 $114.9 $123.5 $146.6 $145.1 $181.7 $112.7 $147.3 $132.4 $94.4 $102.0 $184.9 $225.0 $276.9 $7.2 $11.4 $15.6 $16.3 $18.3 $21.8 $18.7 $22.9 71.5 90.9 79.7 51.4 49.4 74.5 87.8 101.9 0 60 120 180 240 $0.0 $100.0 $200.0 $300.0 $400.0 $500.0 2006 2007 2008 2009 2010 2011 2012 2013 Advertising & Other Revenue Transaction Revenue Subscription Revenue # Transactions $173.3 $233.8 $242.7 $225.6 $243.8 $353.3 $ 388.8 $33.9 $35.7 $42.2 $42.8 $44.6 $45.3 $49.1 $62.0 $91.5 $57.5 $58.8 $54.6 $61.4 $71.6 $73.5 $70.3 $77.7 $87.4 $5.0 $4.6 $5.0 $4.9 $5.5 $5.8 $6.7 $19.1 $45.9 22.6 22.7 20.8 24.1 26.2 27.2 24.5 28.6 30.7 0.0 10.0 20.0 30.0 40.0 50.0 60.0 $0.0 $50.0 $100.0 $150.0 $200.0 $250.0 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 3Q'13 4Q'13 1Q'14 2Q'14 Advertising & Other Revenue Transaction Revenue Subscription Revenue # Transactions $101.8 $109.1 $ 96.4 $ 99.1 $121.8 ($ and transactions in millions) ($ and transactions in millions) Note: Numbers may not add due to rounding. $124.6 $481.5 $126.1 $158.8 $224.8

©2014 Dealertrack, Inc. All rights reserved. 33 $77 $62 $48 $53 $86 $97 $118 33% 26% 21% 22% 24% 25% 24% 0% 10% 20% 30% 40% 50% $0 $25 $50 $75 $100 $125 2007 2008 2009 2010 2011 2012 2013 Adj. EBITDA Adj. EBITDA Margin $25 $27 $26 $24 $33 $33 $28 $31 $50 26% 27% 25% 22% 27% 26% 22% 19% 22% 0% 15% 30% 45% 60% $0 $15 $30 $45 $60 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 3Q'13 4Q'13 1Q'14 2Q'14 Adj. EBITDA Adj. EBITDA Margin $57 $62 $46 $34 $65 $71 $82 24% 25% 20% 14% 18% 18% 17% 0% 10% 20% 30% 40% 50% $0 $20 $40 $60 $80 $100 2007 2008 2009 2010 2011 2012 2013 Cash Flow from Operations Operating Cash Flow Margin $44 $35 $20 $22 $43 $49 $59 $0 $15 $30 $45 $60 2007 2008 2009 2010 2011 2012 2013 ($ in millions) ($ in millions) Annual Adj. EBITDA and Margin Annual Cash Flow from Operations Quarterly Adj. EBITDA and Margin Annual Adjusted Net Income ($ in millions) ($ in millions) Strong Adj. EBITDA and Cash Flow Trends

©2014 Dealertrack, Inc. All rights reserved. 35 Other niche players ( Compliance / Menu / Desking) Other niche players Note: Selected list may not include all competitors. DMS / Sales Subscription Products Credit Application Network Vehicle Registration / Title Management Inventory Management Solutions Digital Marketing Solutions (Websites & Advertising) Selected Competitive Landscape

©2014 Dealertrack, Inc. All rights reserved. 36 22,147 22,043 19,652 16,690 16,829 17,543 19,067 20,046 20,205 20,670 370 536 733 823 970 1,120 1,261 1,410 1,355 1,468 0 200 400 600 800 1,000 1,200 1,400 1,600 0 5,000 10,000 15,000 20,000 25,000 2006 2007 2008 2009 2010 2011 2012 2013 2Q'13 2Q'14 Active Dealers Lenders Active Dealers and Lenders in Dealertrack’s U.S. Network Note: Numbers represent end of period. Number of Transactions (in millions) 71.5 90.9 79.7 51.4 49.4 74.5 87.8 101.9 26.2 30.7 0.0 30.0 60.0 90.0 120.0 2006 2007 2008 2009 2010 2011 2012 2013 2Q'13 2Q'14 The Power of Dealertrack’s Network Growth in Dealers, Lenders and Number of Transactions

©2014 Dealertrack, Inc. All rights reserved. 37 Rising Interest Rates: Limited Risk? Impact of changing interest rates will be offset by larger payment terms. Monthly Payments Total Car Loan 3 Years 5 Years 7 Years 10 Years 3 Years 5 Years 7 Years 10 Years 2.5% $866 $532 $390 $283 2.5% $31,170 $31,945 $32,733 $33,937 3.0% $872 $539 $396 $290 3.0% $31,408 $32,344 $33,298 $34,762 3.5% $879 $546 $403 $297 3.5% $31,646 $32,745 $33,868 $35,599 4.0% $886 $552 $410 $304 4.0% $31,886 $33,150 $34,445 $36,448 4.5% $892 $559 $417 $311 4.5% $32,127 $33,557 $35,028 $37,310 Tables Based On A $30,000 Car Loan

©2014 Dealertrack, Inc. All rights reserved. 38 During the credit crisis, the number of LDRs* declined significantly due to dealership closure / consolidation and lenders exiting indirect auto lending. This metric has risen as credit has improved, dealership closures have abated and lenders have deployed more capital into auto lending . 1. Each lender to dealer relationship (LDR) represents a pair between an active U.S. lender and an active U.S. dealer on the Dealertrack’s network. 2. Active lenders per dealer defined as LDRs divided by active U.S. dealers. Transaction Revenue Drivers: Lender to Dealer Relationships Growing Dealertrack Technologies U.S. Lender to Dealer Relationships (in 000s) (1) (2) 224 199 179 158 134 124 120 118 130 138 139 140 152 158 161 165 172 178 179 175 182 184 192 191 203 201 578 1,468 10.0 9.2 8.5 8.0 7.1 6.9 7.0 7.1 7.6 8.1 8.2 8.3 8.8 8.9 9.2 9.4 9.4 9.5 9.4 9.2 9.1 9.1 9.5 9.5 9.8 9.7 - 2 4 6 8 10 12 14 16 - 50 100 150 200 250 300 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q 10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 LDRs Lenders Avg # of lenders per dealer

©2014 Dealertrack, Inc. All rights reserved. 39 $100 $1,000 $10,000 $100,000 $1,000,000 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Auto Credit Cards Home Equity ($ in millions) Auto loan asset - backed securities (ABS) issuance is at its highest level since 2007 and continues to improve. Source: SIFMA US Asset - Backed Securities Issuance. Transaction Revenue Drivers: Auto ABS Issuance is Strengthening Consumer Credit Trends

©2014 Dealertrack, Inc. All rights reserved. 40 ($ in millions) Wages Growth Driving Financed Used Car Sales Wages and % of Used Units Financed 0.0% 12.0% 24.0% 36.0% 48.0% 60.0% $0.0 $2.0 $4.0 $6.0 $8.0 $10.0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Aggregate Wages Used Units Financed as % of Totals Used Sales Source: Social Security Administration. 2013 data not available.

©2014 Dealertrack, Inc. All rights reserved. 41 Used Car Sales Used Car Sales Source: CNW Marketing Research. 0.0% 12.0% 24.0% 36.0% 48.0% 60.0% 0 9 18 27 36 45 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Total Used Car Sales Total Used Financed Cars % of Total Used Car Sales

©2014 Dealertrack, Inc. All rights reserved. 42 New and Used Car Sales 2014 Growth 1Q13 2Q13 3Q13 4Q13 1Q14 Apr-14 May-14 Jun-14 2Q14 Y/Y Q/Q SAAR 1 15,297 15,517 15,710 15,710 15,650 16,064 16,735 16,918 16,572 6.8% 5.9% Actual Units 1 3,689 4,132 3,952 3,809 3,741 1,391 1,610 1,422 4,423 7.0% 18.2% Fleet 2 790 803 557 601 783 272 289 317 878 9.2% 12.1% Retail 2,898 3,329 3,396 3,208 2,958 1,120 1,321 1,105 3,545 6.5% 19.8% Financed 3 2,433 2,820 2,920 2,714 2,446 971 1,164 925 3,060 8.5% 25.1% Cash 4 465 508 475 493 513 149 158 179 486 (4.4%) (5.2%) Actual Units 5 2,665 4,633 4,733 3,682 2,677 1,411 1,610 1,641 4,662 0.6% 74.1% USED Financed 5 1,774 3,096 3,352 2,677 1,904 1,011 1,154 1,174 3,339 7.8% 75.3% Cash 5 890 1,536 1,381 1,006 773 400 456 467 1,323 (13.9%) 71.2% Actual Units 6,353 8,765 8,686 7,491 6,418 2,803 3,219 3,063 9,085 3.7% 41.6% Retail Units 5,563 7,961 8,129 6,890 5,635 2,531 2,931 2,746 8,207 3.1% 45.6% TOTAL Fleet 790 803 557 601 783 272 289 317 878 9.2% 12.1% Financed 4,208 5,917 6,273 5,391 4,350 1,982 2,317 2,099 6,398 8.1% 47.1% Cash 1,356 2,044 1,856 1,499 1,286 549 613 646 1,809 (11.5%) 40.7% NEW (1) Source: Automotive News. (2) Source: JD Power. (3) Estimated. (4) Source: AutoCount. (5) Source: CNW Marketing Research. U.S. - New and Used Car Sales (in 000s) Note: Numbers may not add due to rounding.

©2014 Dealertrack, Inc. All rights reserved. 43 The recession and OEM bankruptcies resulted in franchised dealership closures and consolidation. We believe the level of U.S. auto dealerships has stabilized after decreasing from 2007 to 2012. 21,725 21,650 21,640 21,495 21,200 20,770 20,010 18,460 17,700 17,540 17,635 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: NADA. Number of dealerships as of January 1 each year. Number of U.S. Franchised Auto Dealerships Number of U.S. Franchised Auto Dealerships

©2014 Dealertrack, Inc. All rights reserved. 44 Reconciliation of GAAP Net Income to Non - GAAP Financial Measures by Income Statement Category GAAP Non-GAAP As Reported Adjusted 2014 Ref 2013 Three Months Ended June 30, 2014 Net Loss Ref Adjustments Net Income Ref GAAP net (loss) income (1,375)$ 3,839$ Net revenue 224,767$ A 1,375 226,142$ Adjustments: Cost of revenue 119,461 B (24,752) 94,709 Interest expense - non-cash (not tax-impacted) 3,640 E 2,364 Research and development 27,136 C (1,056) 26,080 Amortization of acquired identifiable intangibles 20,940 1 7,759 Selling, general and administrative 74,637 D (4,881) 69,756 Stock-based compensation 4,293 2 3,855 Total operating expenses 221,234 (30,689) 190,545 Contra-revenue 1,375 A 1,381 Income from operations 3,533 32,064 35,597 Acquisition-related and other professional fees 900 D 573 Interest expense, net (9,737) E 3,640 (6,097) J Acquisition-related contingent consideration changes and compensation expense, net 1,014 3 594 Other income, net 129 - 129 Integration and other related costs 3,542 4 1,810 Earnings from equity method investment, net 1,907 F 547 2,454 Rebranding expense - D 265 Loss before benefit from income taxes, net (4,168) 36,251 32,083 Amortization of equity method investment basis difference 547 F 706 Benefit from income taxes, net 2,793 G (12,449) (9,656) K Tax impact of adjustments (12,449) G (6,444) Net loss (1,375)$ 23,802$ 22,427$ Adjusted net income (non-GAAP) 22,427$ 16,702$ EBITDA Adjustments: Additional classification details: Depreciation and amortization 11,941$ H Amortization of acquired identifiable intangibles 20,940$ 1 7,759$ Interest expense, net 6,097 J Revenue - A 13 Benefit from income taxes, net 9,656 K Cost of revenue 20,940 B 7,746 Adjusted EBITDA 50,121$ Stock-based compensation 4,293$ 2 3,855$ Cost of revenue 249 B 319 GAAP Non-GAAP Research and development 753 C 662 As Reported Adjusted Selling, general and administrative 3,291 D 2,874 Three Months Ended June 30, 2013 Net Loss Ref Adjustments Net Income Ref Acquisition-related contingent consideration changes and compensation expense, net 1,014$ 3 594$ Net revenue 121,782$ A 1,394 123,176$ Cost of revenue 977 B 73 Cost of revenue 51,997 B (9,215) 42,782 Research and development (11) C 19 Research and development 18,269 C (720) 17,549 Selling, general and administrative 48 D 502 Selling, general and administrative 43,887 D (4,908) 38,979 Total operating expenses 114,153 (14,843) 99,310 Integration and other related costs 3,542$ 4 1,810$ Income from operations 7,629 16,237 23,866 Cost of revenue 2,586 B 1,077 Interest expense, net (3,228) E 2,364 (864) J Research and development 314 C 39 Other income, net 62 - 62 Selling, general and administrative 642 D 694 Earnings from equity method investment, net 1,279 F 706 1,985 Income before provision for income taxes, net 5,742 19,307 25,049 Depreciation and amortization 11,941$ H 6,922$ Provision for income taxes, net (1,903) G (6,444) (8,347) K Cost of revenue 8,452 5,534 Net income 3,839$ 12,863$ 16,702$ Research and development 1,026 140 Selling, general and administrative 2,463 1,491 EBITDA Adjustments: Fixed asset accelerated amortization/depreciation (243) Depreciation and amortization 6,922$ H Interest expense, net 864 J Provision for income taxes, net 8,347 K Adjusted EBITDA 32,835$ (Unaudited) (Unaudited) Three Months Ended June 30, DEALERTRACK TECHNOLOGIES, INC. DEALERTRACK TECHNOLOGIES, INC. Reconciliation of GAAP Net (Loss) Income to Non-GAAP Adjusted Net Income Proforma Reconciliation of GAAP Net (Loss) Income to Non-GAAP Measures (Dollars in thousands) (Dollars in thousands)

©2014 Dealertrack, Inc. All rights reserved. 45 Operating Expense Reclassification Operating Expenses: Cost of revenue $ 67,587 $ (15,590) $ 51,997 $ 130,775 $ (30,568) $ 100,207 Product development 4,064 (4,064) — 7,694 (7,694) — Research and development — 18,269 18,269 — 35,899 35,899 Selling, general and administrative 42,502 1,385 43,887 83,992 2,363 86,355 Total operating expenses $ 114,153 $ — $ 114,153 $ 222,461 $ — $ 222,461 Operating Expenses: Cost of revenue $ 70,199 $ (16,341) $ 53,858 $ 200,974 $ (46,909) $ 154,065 Product development 3,952 (3,952) — 11,646 (11,646) — Research and development — 18,447 18,447 — 54,346 54,346 Selling, general and administrative 43,519 1,846 45,365 127,511 4,209 131,720 Total operating expenses $ 117,670 $ — $ 117,670 $ 340,131 $ — $ 340,131 Operating Expenses: Cost of revenue $ 76,606 $ (20,745) $ 55,861 $ 277,580 $ (67,654) $ 209,926 Product development 3,555 (3,555) — 15,201 (15,201) — Research and development — 21,912 21,912 — 76,258 76,258 Selling, general and administrative 50,188 2,388 52,576 177,699 6,597 184,296 Total operating expenses $ 130,349 $ — $ 130,349 $ 470,480 $ — $ 470,480 Operating Expenses: Cost of revenue $ 220,695 $ (45,223) $ 175,472 Product development 11,732 (11,732) — Research and development — 53,616 53,616 Selling, general and administrative 142,518 3,339 145,857 Total operating expenses $ 374,945 $ — $ 374,945 Adjusted Three Months Ended June 30, 2013 Six Months Ended June 30, 2013 Historic Adjustment Adjusted Historic Adjustment Three Months Ended September 30, 2013 Nine Months Ended September 30, 2013 Historic Adjustment Adjusted Historic Adjustment Adjusted Year Ended December 31, 2012 Historic Adjustment Adjusted Three Months Ended December 31, 2013 Year Ended December 31, 2013 Historic Adjustment Adjusted Historic Adjustment Adjusted

©2014 Dealertrack, Inc. All rights reserved. 46 Revenue Adjusted for Acquisitions 1. Adjustments for VINtek, CFM and Dealer.com acquisitions. 2. Subscription and advertising revenue was a djusted for pro forma revenue as if acquisitions of Dealer.com and CFM were included in prior results. ($ in millions) Year over Year Comparison Acquisitions Acquisitions Acquisitions Y/Y Comparison As Reported Adj'ments (2) Adjusted As Reported Adj'ments (1) Adjusted Transaction Revenue $72 $0 $72 $87 ($6) $82 Subscription Revenue 45 $35 $80 91 $0 91 Other Revenue 6 $24 $30 46 $0 46 Total Revenue $122 $59 $181 $225 ($6) $219 As Reported '13 As Reported vs vs Organic Growth, Y/Y Adjusted '12 As Reported Growth Transaction Revenue 22% 22% 14% Subscription Revenue 14% 105% 14% Other Revenue 56% 733% 56% Total Revenue 24% 85% 21% Sequential Quarterly Comparison Acquisitions Acquisitions AcquiSitionS Q/Q Comparison As Reported Adj'ments (2) Adjusted As Reported Adj'ments Adjusted Transaction Revenue $78 $0 $78 $87 $0 $87 Subscription Revenue 62 $25 86 91 0 91 Other Revenue 19 $23 42 46 0 46 Total Revenue $159 $47 $206 $225 $0 $225 As Reported '14 As Reported vs vs Organic Growth, Q/Q Adjusted '14 As Reported Growth Transaction Revenue 12% 12% 12% Subscription Revenue 6% 48% 6% Other Revenue 10% 140% 10% Total Revenue 9% 42% 9% 3 Months Ended June 30, 2013 3 Months Ended March 31, 2014 3 Months Ended June 30, 2014 3 Months Ended June 30, 2014

©2014 Dealertrack, Inc. All rights reserved. 47 2014E Full Year Earnings Guidance and Assumptions New Car Sales by Franchise Dealers 16.2 million units Used Car Sales by Franchise Dealers 15.9 million units Weighted Average Shares Outstanding (Diluted) 55 million (Non - GAAP) 53 million (GAAP) Additional potential impact of dilution from combination of convertible debt above warrant trigger and change in current stock price is not included in share count Costs Addbacks for Non - GAAP Measures $28 million Includes certain acquisition related costs, including integration costs, professional fees and other related costs, and acquisition related compensation expense. Effective Tax Rate on Add - backs for Non - GAAP Measures 37% Reflects change from 36% due to ASR Pro transaction. Effective Tax Rate on Add - backs for GAAP Net Income 35% Reflects change from 36% due to ASR Pro transaction. Revenue $829 - $843 million Net of $5 million contra revenue. GAAP Net Loss $(12) - $(7) million GAAP Net Loss per Share (Diluted) $(0.23) - $(0.13) Adjusted EBITDA $186 - $190 million Adjusted Net Income (ANI) $81 - $86 million ANI per Share (Diluted) $1.47 - $1.56 Capital Expenditures $86 - $88 million Reflects impact of, CFM, VINtek, Nexteppe, Dealer.com and ASR Pro acquisitions Guidance Measure Range Comments Guidance Assumption Assumption Comments