CDK Global, Inc. (NasdaqGS:CDK) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares of its common stock. The company may purchase its common stock in the open market or in privately negotiated transactions.

The purpose of this authorization is to offset dilution from employee equity compensation plans and return capital to our shareholders. The actual timing, number and price of any shares to be repurchased will be determined at management's discretion and will depend on a number of factors, which may include the market price of the shares, general market and economic conditions, and other potential uses for free cash flow. This authorization will expire on January 19, 2018.