CDK - CDK STOCK NEWS

CDK Global has launched CDK CarSource, an online wholesale marketplace designed to streamline the used vehicle inventory process for dealers. This integration with CDK Drive automates inventory listings from a vast network of trusted sellers, promoting significant time and cost savings. Dealers can bid on vehicles at no cost and benefit from competitive transaction fees, especially if they are CDK customers. This initiative responds to the increasing demand for used vehicles and aims to enhance the purchasing experience across the automotive ecosystem.

Marchex (NASDAQ: MCHX) has introduced the Marchex Engage for Automotive, now integrated into the Fortellis Commerce Exchange Platform. This integration enhances the automotive dealer experience by automating data entry and syncing conversation events with the CDK Elead CRM. The new capabilities allow dealerships to better manage customer interactions, increase sales efficiency, and improve data hygiene. Key features include automatic updates of records, click-to-call functionality, and enhanced accountability for sales teams.

CDK Global (NASDAQ: CDK), a leader in retail automotive technology, will announce its financial results for the fiscal second quarter on February 3, 2022, after Nasdaq market close. The results will cover the quarter ending December 31, 2021. A conference call featuring key executives, including CEO Brian Krzanich, will take place at 4:00 p.m. CT the same day. CDK, generating approximately $2 billion in revenue, provides SaaS solutions to enhance the efficiency and profitability of auto dealers and manufacturers across over 15,000 North American locations.

CDK Global has announced a quarterly cash dividend of $0.15 per share, payable on March 30, 2022, to shareholders of record as of March 1, 2022. The company, which generates approximately $2 billion in revenues, is a leading provider of retail technology and SaaS solutions, serving over 15,000 retail locations across North America. The dividend declaration reflects the company's commitment to returning value to its shareholders while supporting its operational efficiency and profitability goals.

CDK Global has released a research report highlighting the positive impact of artificial intelligence (AI) on automotive dealerships. Approximately 68% of dealerships believe AI adoption has benefited their businesses. The report indicates that 75% of dealers are familiar with AI, with 40% feeling very familiar. The study, conducted among 243 dealership executives, shows strong optimism for AI's future role in enhancing customer satisfaction and financial outcomes. CDK Global serves nearly 15,000 retail locations in North America and reported approximately $2 billion in revenue.

CDK Global, Inc. (Nasdaq: CDK) announced a quarterly cash dividend of $0.15 per share, payable on December 30, 2021, to shareholders recorded by the close of business on December 1, 2021. This decision reflects the company's ongoing commitment to return value to its shareholders. CDK Global is a premier provider of integrated data and technology solutions across various industries, serving over 15,000 retail locations in North America. The firm focuses on enhancing omnichannel retail commerce through open technology solutions.

CDK Global's Inaugural Dealership Cybersecurity Report reveals a significant increase in automotive dealers' commitment to cybersecurity, with nearly half planning to boost investments in 2022, up from 24% in 2020. Despite the increased urgency for cybersecurity (85% of dealers), only 49% feel adequately protected against cyber threats. Major concerns include employee email phishing (66%) and ransomware (48%). The financial repercussions of cyberattacks include an average loss of 16 days of revenue. The report underscores the importance of modernizing security measures and employee training to safeguard dealership operations.

CDK Global, Inc. reported a robust 6% revenue growth for Q1 FY2022, totaling $440 million. The company achieved an 11th consecutive quarter of increased auto site count, with net earnings rising 29% to $71.7 million and GAAP diluted earnings per share reaching $0.59 (+28%). The fiscal year guidance remains unchanged, projecting revenues between $1.78 billion and $1.82 billion.

Management highlights continued investments in enhancing customer experiences and product offerings, reflecting a positive trajectory for the automotive industry transformation.

CDK Global, a leader in automotive retail technology, announced that board members Les Brun and Willie Deese have been recognized in Savoy Magazine's “2021 Most Influential Black Corporate Directors” list. This marks the second consecutive recognition for both executives since joining the board in 2014. CEO Brian Krzanich emphasized their significant contributions to CDK's strategic vision in automotive retail. Brun has extensive leadership experience with other major firms, while Deese has a strong background in healthcare and manufacturing sectors.