DealerTrack Announces Plan for IPO

LAKE SUCCESS, NY – DealerTrack Holdings, Inc. today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission in connection with a proposed initial public offering of its common stock. The shares are being offered by DealerTrack Holdings, Inc. and certain selling stockholders. J.P. Morgan Securities Inc. and Lehman Brothers Inc. will act as joint book-running managers for the proposed offering. Wachovia Capital Markets, LLC will act as co-lead manager.

The offering will be made only by means of a prospectus. Once available, a preliminary prospectus may be obtained from J.P. Morgan Securities Inc. or Lehman Brothers Inc. at the addresses set forth below. A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

J.P. Morgan Securities Inc.
Prospectus Department
One Chase Manhattan Plaza
New York, NY 10081
(212) 552-5164

Lehman Brothers Inc.
Prospectus Department
745 Seventh Avenue
New York, NY 10019
(212) 526-7000

About DealerTrack
DealerTrack is a leading provider of on-demand software and data solutions for the automotive retail industry in the United States. We utilize the Internet to link automotive dealers with banks, finance companies, credit unions and other financing sources, and other service and information providers such as the major credit reporting agencies. We have established a network of active relationships with over 20,000 automotive dealers, including over 80% of all franchised dealers; over 140 financing sources, including the 20 largest independent financing sources in the United States and eight captive financing sources; and a number of other service and information providers to the automotive retail industry. Our credit application processing product enables dealers to automate and accelerate the indirect automotive financing process by increasing the speed of communications between these dealers and their financing sources. Our integrated subscription-based software products and services enable our automotive dealer customers to receive valuable consumer leads, compare various financing and leasing options and programs, sell insurance and other aftermarket products, document compliance with certain laws and execute financing contracts electronically.