| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
118 |
| Employees |
9,700 |
| Revenues (TTM) (Millions $) |
1,677 |
| Net Income (TTM) (Millions $) |
259 |
| Cash Flow (TTM) (Millions $) |
-1,015 |
| Capital Exp. (TTM) (Millions $) |
124 |
Business Description
CDK Global Inc is a technology company that provides innovative digital solutions and services to the automotive retail industry worldwide. It was previously known as ADP Dealer Services before changing its name in 2014. The company has its headquarters in Hoffman Estates, Illinois, USA.
CDK Global Inc offers a range of software solutions and services to automotive retailers, including dealership management systems (DMS), customer relationship management (CRM) software, and digital marketing solutions. The company's software solutions help dealerships manage inventory, finance and insurance, service, and parts operations. Additionally, CDK Global provides digital marketing services to help dealerships grow their online presence, drive more traffic to their websites, and increase leads and sales.
The company has a wide range of customers globally, including franchised automotive dealerships, independent dealerships, and manufacturers. CDK Global has sales channels in over 100 countries with a large customer base in the United States, Europe, and Asia.
Along with its software and services, CDK Global has established itself as an industry thought leader by providing insights, analysis, and research on the automotive industry's trends and opportunities. This information helps its customers make informed strategic decisions.
Like many technology companies, CDK Global has made significant investments in research and development to stay at the forefront of cutting-edge technologies. The company has considerable expertise in artificial intelligence, data analytics, and cloud computing, which are integral components of its software solutions.
In 2019, Silver Lake, a technology investor, announced that it would acquire a controlling stake in CDK Global, valuing the company at $8.8 billion. The acquisition provided CDK Global with the resources and expertise to accelerate its growth and expand its product offerings further.
Overall, CDK Global is a leading technology provider for the automotive retail industry, with an extensive range of software solutions and services, a broad customer base, and a strong presence globally.
Company Address: 1950 Hassell Road, Hoffman Estates, 60169 IL
Company Phone Number: 397-1700 Stock Exchange / Ticker: NASDAQ CDK
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