DealerTrack Technologies company logo

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dealertrack.com

Founded Year

2001

Stage

Acquired | Acquired

Total Raised

$30M

Valuation

$0000 

About DealerTrack Technologies

DealerTrack is North America's primary web-based auto finance platform that automates and accelerates the entire auto dealer-to-lender relationship, from financing to daily information sharing. The DealerTrack platform enables application processing, credit bureau access, electronic contracting and lease comparisons-all in one easy-to-use, integrated solution. More than 85% of U.S. franchised auto dealers subscribe to the Company's platform. GRP is the only financial investor in DealerTrack with the remaining investors comprising six of the largest banks in the United States.

DealerTrack Technologies Headquarter Location

1111 Marcus Avenue Suite M04

Lake Success, New York, 11042,

United States

516-734-3600

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Expert Collections containing DealerTrack Technologies

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

DealerTrack Technologies is included in 1 Expert Collection, including Fintech.

F

Fintech

7,344 items

US-based companies

DealerTrack Technologies Patents

DealerTrack Technologies has filed 7 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/31/2004

6/28/2016

Structured finance, Banking technology, Business law, Credit, Information technology management

Grant

Application Date

7/31/2004

Grant Date

6/28/2016

Title

Related Topics

Structured finance, Banking technology, Business law, Credit, Information technology management

Status

Grant

Latest DealerTrack Technologies News

E Automotive set to start trading Wednesday after raising IPO deal size Subscriber content

Nov 3, 2021

E Automotive set to start trading Wednesday after raising IPO deal size Online car-selling company E Automotive Inc. is set to debut on the Toronto Stock Exchange Wednesday after increasing the size of its initial public offering and pricing the deal at the top end of its proposed range marketed to investors. The company said late Tuesday it had would sell 5.9 million common shares at a price of $23 apiece, raising gross proceeds of $135.7-million. The company last month said it intended to raise $125-million worth of shares, originally setting a price range of $19 to $23 per share. The offering is being led by Canaccord Genuity, CIBC World Markets and National Bank Financial. Other underwriters include Scotia Capital, Eight Capital, ATB Capital Markets and Laurentian Bank Securities. The underwriters have the right to buy another 885,000 shares at the offering price in the 30 days after the deal officially closes on Nov. 10. Wednesday will be a busy day for new Canadian technology issues as shares in D2L Corp., which cut back the size and pricing of its offering last week, are also set to start trading. With their two debuts, an unprecedented 19 technology companies will have gone public on the TSX since July, 2020, compared with just 12 in the 11 years ended December, 2019. While some of the 17 have soared in value, the performance over all has been uneven. Many newly public Canadian tech companies now trade well below their issue prices. E Automotive Inc., an acquisitive, Toronto-based fast-growing digital automobile auction platform for dealers that operates as E Inc., is controlled by Toronto merchant bank Intercap Equity Inc., which also took Docebo Inc. public two years ago. Intercap, which invested four years ago, owns 26.2 million shares, about two-thirds of the company’s pre-IPO equity. This gives it the right to appoint a majority of directors as long as its stake exceeds 50 per cent of the equity (it can still appoint a set share of the board, based on a sliding scale, as its holdings decrease). Four of E Inc.’s eight directors are Intercap appointees, including Jason Chapnik, the chief executive officer of the merchant bank, who chairs E Inc. E Inc. has mushroomed in size in part from three acquisitions in the past year, and through a shift to online commerce during the COVID-19 pandemic. Demand for used vehicles has been helped by government stimulus cheques to individuals and a global chip shortage that has hampered availability of new vehicles. E Inc. is making a big push to expand in the United States, in part through more acquisitions. The money-losing company generated revenue of US$37.2-million in the first half of this year, more than triple the amount in the same period a year earlier. E Inc. generates US$362 in fees per vehicle sold through its wholesale platform, and it has more than 1,000 dealer customers who pay US$609 a month to subscribe for additional features. The platform handled 115,000 transactions in the 12 months ended June 30. The total gross value of transactions on the platform in the first half of 2021 was US$949-million, up nearly fourfold year over year. One of the offering’s selling features is the track record of the team behind E Inc. Mr. Chapnik once chaired Dealer.com , which sold online tools for automobile dealerships. It was bought in 2014 by Nasdaq-listed Dealertrack Technologies in a deal valuing Dealer.com at US$1.1-billion. He joined the board of Dealertrack, a web-based software provider to the auto industry; Dealertrack was sold to Cox Automotive in 2016 for US$4.5-billion. In its prospectus, E Inc. notes three of its C-suite executives worked at Dealer.com and/or Dealertrack, while Dealer.com co-founders Michael Lane and Richard Gibbs serve as directors with Mr. Chapnik. They have “the relationships and experience to provide similar success to E Inc.,” the prospectus states. E Inc. comes to market during a busy fall for Canadian tech IPOs on the TSX. Copperleaf Technologies Inc., a Vancouver decision analytics software maker, soared in its debut this month . Financial technology provider Propel Holdings Inc. and investor relations software provider Q4 Inc., both of Toronto, have gone public in recent weeks. Montreal-based online advertising exchange Sharethrough Inc. also filed to go public last month, and Vancouver-based social-media management company Hootsuite has been testing the waters with investors in recent days for a potential $200-million offering. Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Sign up today .

  • When was DealerTrack Technologies founded?

    DealerTrack Technologies was founded in 2001.

  • Where is DealerTrack Technologies's headquarters?

    DealerTrack Technologies's headquarters is located at 1111 Marcus Avenue, Lake Success.

  • What is DealerTrack Technologies's latest funding round?

    DealerTrack Technologies's latest funding round is Acquired.

  • How much did DealerTrack Technologies raise?

    DealerTrack Technologies raised a total of $30M.

  • Who are the investors of DealerTrack Technologies?

    Investors of DealerTrack Technologies include Cox Automotive, J.P. Morgan Chase & Co., Upfront Ventures, Capital One, ALG and 5 more.

  • Who are DealerTrack Technologies's competitors?

    Competitors of DealerTrack Technologies include Xtime and 2 more.

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