LAKE SUCCESS, N.Y. – DealerTrack Holdings last month reported its financial results for the first quarter 2006, and the results, said company Chairman and CEO Mark O'Neill, "exceeded our expectations."
"We are pleased with the continued growth in both transaction and subscription revenue. Transaction volume for the sub-prime market sector was unusually robust in the final weeks of the quarter, which we believe partly reflects the ongoing trend toward electronic filing of tax returns and the use of those refunds for vehicle purchases. With revenue stronger than forecast, we were able to produce excellent bottom-line results."
There were 21,794 active dealers in the DealerTrack network as of March 31, 2006, representing an 8% increase from a year earlier. The number of active financing sources in the DealerTrack network as of the end of the first quarter 2005 was 214 (including nine captives), up 95% from a year ago.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
