Overview Key strengths Key risks Leading market position and relationship with large auto dealers and automakers. Operations in narrow and highly competitive auto dealership industry. Sound liquidity supported by no meaningful near-term debt maturities and moderate business investments. Elevated debt with financial sponsor ownership. believe CDK Global II Inc.'s performance should continue to improve from top-line growth and cost-saving initiatives. Growth in dealer sites, application add-ons, price increases, and better operating leverage will drive the EBITDA margin improvement we anticipate for the next year. We think the company's plan of $185 million in EBITDA improvement is achievable, more than two-thirds of which will be realized over the next 12 months. We believe the company will reinvest some of the savings
