CDK’s Acquisition of AutoMate – Bold Move for Investors; for Dealers, Jury is Still Out

CDK’s Acquisition of AutoMate – Bold Move for Investors; for Dealers, Jury is Still Out

June 4, 2017 — CDK Global’s pending acquisition of competitor Auto/Mate is a brilliant deal that should make investors happy. With only 1,300 or so dealerships in play and a price tag that won’t dent the bottom line (although Auto/Mate will get a nice multiple) it isn’t that big of a deal on the surface.…

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Experian Automotive Acquires Data Firm String Automotive

Experian Automotive Acquires Data Firm String Automotive

May 23, 2017 — We’re still waiting the official announcement, but sources have confirmed Experian Automotive will announce in the near future that it has acquired String Automotive, a 12 year-old data analytics firm based in Newton, MA. The acquisition cements a relationship that began in 2014 when Experian Automotive’s Auto Market DNA℠ demographic and behavioral information’s… Continue Reading

Authenticom Asks for Preliminary Injunction; Lands Big Time Expert Witness in Antitrust Suit Against Reynolds, CDK

Authenticom Asks for Preliminary Injunction; Lands Big Time Expert Witness in Antitrust Suit Against Reynolds, CDK

May 19, 2017 — Late yesterday afternoon, data services provider Authenticom filed a motion in its antitrust lawsuit against Reynolds and Reynolds and CDK Global, seeking a preliminary injunction. TBR wrote about the pending request last week. The lawsuit alleges the dealer management system providers conspired in 2015 to force Authenticom and other data integration competitors out of… Continue Reading

Cars.com Spin-off Slated for May 31

Cars.com Spin-off Slated for May 31

May 3, 2017 — TEGNA’s board today approved of the spin-off of Cars.com slated to be completed on May 31. Trading is set to begin on June 1 on the New York Stock Exchange with the ticker symbol CARS. TEGNA stockholders of record at the close of business on May 18 will receive one share… Continue Reading

A Second Antitrust Lawsuit Filed Against CDK & Reynolds

A Second Antitrust Lawsuit Filed Against CDK & Reynolds

May 2, 2017 — Authenticom, a firm providing data integration services to car dealers, filed a lawsuit late yesterday against CDK Global and Reynolds and Reynolds alleging the two companies engaged in antitrust practices. The suit could have far-reaching implications — not only on the companies involved, but also on the entire automotive retail space. It’s another chapter… Continue Reading

Auto Retail Vendors Missing Out on Hot M&A Party – TBR 2017 1st Quarter Report

Auto Retail Vendors Missing Out on Hot M&A Party – TBR 2017 1st Quarter Report

April 6, 2017 — (UPDATE — SEE BELOW)  Acquisition activity among automotive retail vendors has ground to a halt in the the first quarter this year, according to data compiled by The Banks Report. Other than Solera Holding’s purchase of the British-based Autodata the first week of January, there have been no investments, IPOs or acquisitions…

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