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CDK Global, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2022 10-Q, filed May 5, 2022. Its latest SEC filing is a SC 13G/A from Aug 2, 2022.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Provides integrated software and technology for automotive retailers and vehicle manufacturers, helping manage dealership operations; also serves retailers and manufacturers in truck, equipment and recreational-vehicle markets.

How Did They Make Money?

Dealers and manufacturers mainly pay for software subscriptions, which run over contract terms and are invoiced under customer billing schedules. Separate charges apply when on-site software is installed, while transaction services are priced per transaction.

revenue

Who Were Their Customers?

Automotive retailers and vehicle manufacturers, along with retailers and manufacturers in heavy-truck, equipment and recreational-vehicle markets, buy CDK's software and services.

Did Revenues Turn Into Profits?

Yes. It kept 62 cents of every revenue dollar as net income in .

Operating income,
25% of revenue
▼ −15% vs ($499.7M, 30%)
Net income,
62% of revenue
▲ +398% vs ($207.5M, 13%)

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q3 FY2022, the three months to Mar 31, 2022
Revenue
▲ +6%
vs $433.1M in Q3 FY2021
Net income
▼ −92%
vs $860.9M in Q3 FY2021
  • Jul 12, 2022 CEO resigns; acting CEO appointed The company also announced the CFO's departure.
  • Jul 6, 2022 CDK completes merger and becomes a wholly owned subsidiary CDK became a wholly owned subsidiary of Central Parent Inc.

Held flat. Revenue was $1.7B in , about the same as the $1.7B of .

A narrower North American focus The older report described automotive services across international markets; the latest reports the sale of the International Business and describes CDK as focused on North American automotive retailers. It also reports the sale of the Digital Marketing Business.

Who Did They Compete With?

Competes with Reynolds and Reynolds, Dealertrack, Cox Automotive, Auto/Mate, AutoSoft, Tekion, and PBS Systems

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