DealerTrack reports loss in 2009
DealerTrack Holdings Inc.,Lake SuccessSoftware maker for car dealers and automotive retailers
Net income: Loss of
$4.3 million for the year ended Dec. 31, compared with profit of $1.7 million in 2008.
Net revenue: $225.6 million; 2008 saw $242.7 million.
Outlook: "We are extremely well positioned to benefit from a pickup in auto sales, as well as continued growth in our subscription business,'' chief executive Mark O'Neil said Tuesday in a government filing. He said the company's recently announced strategic agreement with GMAC "will have substantial long-term benefits."
Company statement: "While revenues were below our expectations for the quarter, primarily due to the strength of captive lenders not on our network, we are pleased with our ability to contain costs to achieve solid results."
SHARE PRICE: Up 76 cents yesterday to $14.95.
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Memorial Day 2026: NewsdayTV honors those we've lost A brave young patriot receives a burial 83 years after being lost in war. Volunteers restore a Revolutionary War cemetery. A Gold Star mom makes it her mission to honor her son's sacrifice. NewsdayTV's Virginia Huie shares three stories in honor of Memorial Day.
