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CDK Global is the dominant U.S. dealer management system (DMS) provider, serving roughly 15,000 automotive dealerships with software covering sales, F&I, fixed operations, parts, CRM, and digital retail. CDK was spun out of ADP in 2014 and acquired by Brookfield Business Partners in July 2022 for $8.3B (taken private).
CarMax (NYSE: KMX) is the largest retailer of used cars in the United States, operating an omnichannel business that spans brick-and-mortar stores, carmax.com online purchasing, home delivery, financing, appraisals, and trade-ins.