KAR Auction Services

KAR Auction Services, Inc. engages in the provision of used car auction services and salvage auction services in North America and the United Kingdom. It operates through the following segments: ADESA Auctions and Automotive Finance Corporation (AFC). The ADESA segment provides whole car auctions and related services to the vehicle remarketing industry in North America. The AFC segment provides floor plan financing to used vehicle dealers. The company was founded on November 9, 2006 and is headquartered in Carmel, IN.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

KAR Auction Services reports solid financial performance and digital growth

KAR Auction Services delivered strong financial performance in Q4 and full-year 2022, driven by revenue growth and strategic focus on digital channels. While facing challenges like lower conversion rates and cautious AFC growth, the company is well-positioned to capitalize on opportunities in the market.

KAR Auction Services excels in Q1, eyes digital growth opportunities

KAR Auction Services demonstrated strong financial performance in Q1, driven by revenue growth, improved gross profit, and cost management initiatives.
The company's focus on digital marketplace strategy, consolidation, and efficiency under the OPENLANE brand positions it for future growth.
Challenges include plateauing market pricing, scarce off-lease volumes, and the need for digital transformation in repo vehicle sales.
Opportunities lie in expanding market reach through digital platforms, improving conversion rates, and driving growth in both AFC and marketplace businesses.

KAR Auction Services reports strong Q2 performance and eyes future growth opportunities

KAR Auction Services' Q2 2023 earnings call reflects robust financial performance, progress in strategic initiatives, and a positive outlook for future growth.
While facing challenges such as one-time expenses and market dynamics, the company's strengths in innovation, cost management, and liquidity position it well for opportunities ahead.
With a focus on marketplace expansion, scalable operations, and leveraging industry trends, KAR Auction Services demonstrates resilience and readiness for future market developments.

KAR Auction Services reports solid Q3 results and eyes global expansion

OPENLANE's Q3 performance reflects growth in transaction volumes, revenue, and profitability. Strong dealer response, consolidation efforts, and positive industry outlook position KAR for continued success. Mitigating risks, optimizing unit economics, and leveraging digital models are key focus areas for sustained growth.

KAR Auction Services excels in Q4 2023 despite Canadian challenges

KAR Auction Services showcased robust financial performance and strategic advancements in Q4 2023, with a focus on innovation and customer experience.
While facing challenges in Canada and the Finance segment, the company is well-positioned to capitalize on growth opportunities in the marketplace business.
Overall, KAR Auction Services remains optimistic about its outlook, emphasizing the potential for improved performance and customer satisfaction.

KAR Auction Services excels in Q1 2024, eyes growth opportunities

KAR Auction Services demonstrated strong financial performance and strategic growth initiatives in Q1 2024, with a focus on customer experience and innovation.
Challenges in dealer volume growth and equity in off-lease vehicles were addressed through network expansion and customer-centric initiatives.
Opportunities lie in the rebounding leasing market, potential off-lease vehicle volumes, and continued focus on organic investments and shareholder returns.
The company's performance highlights its resilience and adaptability in navigating market challenges while capitalizing on growth opportunities.

KAR Auction Services reports resilient Q2 performance and growth opportunities

KAR Auction Services delivered a solid performance in Q2 2024, maintaining strong cash flow generation and focusing on market share growth.
Despite challenges in gross profit decline and revenue generation in certain segments, the company's strategic investments position it well for future growth.
Opportunities in leveraging marketplace growth, enhancing customer experience, and driving innovation highlight a positive outlook for KAR Auction Services.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

OPENLANE, Inc. provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. The company's end-to-end platform supports whole car, financing, logistics and other ancillary and related services. It operates through the following segments: Marketplace and Finance. The Marketplace segment serves a domestic and international customer base through digital marketplaces and vehicle logistics center locations across Canada. The Finance segment provides short-term, inventory-secured financing, known as floorplan financing, primarily to independent dealer customers throughout the United States and Canada. The company was founded on November 9, 2006 and is headquartered in Carmel, IN.

CARMEL, Ind., Aug. 23, 2021 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR) has signed a definitive agreement to acquire CARWAVE Holdings LLC ("CARWAVE") subject to certain regulatory approvals and other customary closing conditions.

KAR to Accelerate Dealer-to-Dealer Growth, Profitability Through Acquisition of CARWAVE

KAR Auction Services, Inc. (KAR) CEO Peter Kelly on Q2 2021 Results - Earnings Call Transcript

KAR Auction Services (KAR) delivered earnings and revenue surprises of -6.25% and -1.90%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

KAR Auction Services (KAR) Misses Q2 Earnings and Revenue Estimates

CARMEL, Ind., Aug. 3, 2021 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its second quarter financial results for the period ended June 30, 2021.

KAR Auction Services, Inc. Reports Second Quarter 2021 Financial Results

Long-time auto auction specialist Adesa underpins KAR stock. The shares are one way to play on the red-hot used car market that's only just getting started.

KAR Auction Services Has Morphed Into Vehicle Remarketing Powerhouse

KAR Auction Services (KAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

KAR Auction Services (KAR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

CARMEL, Ind., July 20, 2021 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE:KAR) will release its second quarter 2021 financial results after the market closes on Tuesday, August 3, 2021.

KAR Auction Services, Inc. to Announce Second Quarter 2021 Earnings

Coupa Software

Global X Millennials Thematic ETF

NCR Corporation

Proshares Online Retail ETF

Ping Identity Holding Corp

Pinterest

Tech stocks promise powerful upside potential. They can grow rapidly and transform a humble start-up into a golden goose.

7 Tech Stocks to Buy With Breakout Potential for the Second Half of the Year

CARMEL, Ind., May 25, 2021 /PRNewswire/ -- ADESA, a business unit of global wholesale used vehicle digital marketplace operator KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), announces the launch of its proprietary "% to Retail" functionality.

ADESA Empowers Buyers with "% to Retail" Feature

CARMEL, Ind., May 11, 2021 /PRNewswire/ -- ADESA, a business unit of global wholesale used vehicle digital marketplace operator KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), announces the launch of new condition report capabilities including the addition of high-definition vehicle undercarriage photos on all ADESA condition reports.

ADESA Bolsters Buyer Confidence with Enhanced Vehicle Undercarriage Imaging

KAR Auction Services, Inc. (KAR) CEO Peter Kelly on Q1 2021 Results - Earnings Call Transcript

The stock price of KAR Auction Services Inc (NYSE: KAR) increased from $14.51 to $17.26 (up 18.95%) intraday. This is why it happened.

KAR Stock: From $14.51 To $17.26 (18.95% Increase) Intraday Explanation

KAR Auction Services (KAR) delivered earnings and revenue surprises of 275.00% and 2.69%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

KAR Auction Services (KAR) Beats Q1 Earnings and Revenue Estimates

Shares of KAR Auction Services (NYSE:KAR) moved higher in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 400.00% year over year to $0.45, which beat the estimate of $0.12.

Recap: KAR Auction Services Q1 Earnings

CARMEL, Ind., May 4, 2021 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) today reported its first quarter financial results for the period ended March 31, 2021.

KAR Auction Services, Inc. Reports First Quarter 2021 Financial Results

CARMEL, Ind., May 4, 2021 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the acquisition of Auction Frontier, the pioneer of industry-leading, cloud-based auction simulcast solution Velocicast ®.

KAR Global Bolsters Digital Marketplaces With Acquisition of Auction Frontier

CARMEL, Ind., April 21, 2021 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) will release its first quarter 2021 financial results after the market closes on Tuesday, May 4, 2021.

KAR Auction Services, Inc. to Announce First Quarter 2021 Earnings

CARMEL, Ind., April 15, 2021 /PRNewswire/ -- ADESA, a leading provider of digital marketplaces for used vehicles, announces the launch of "Off-Lease Exclusive" on ADESA.com.

ADESA Launches "Off-Lease Exclusive" on ADESA.com

Kar Auction Services was hurt by the Covid-19 pandemic but stands to benefit as the economy reopens.

Why Kar Auction Services Is An Economic Reopening Stock

CARMEL, Ind., March 16, 2021 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces a strategic investment and North American commercial partnership with Ravin AI.

KAR Global Announces Strategic Investment in AI-Powered Vehicle Inspections Technology

CARMEL, Ind., March 2, 2021 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces that Peter Kelly will assume the role of Chief Executive Officer effective April 1, 2021. Kelly has served...

Peter Kelly to Lead KAR Global as Chief Executive Officer

CARMEL, Ind., Feb. 17, 2021 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, is combining the company's TradeRev and BacklotCars platforms into a single digital marketplace. U.S.-based dealers will...

BacklotCars and TradeRev Combine To Form Streamlined Dealer-to-Dealer Marketplace

KAR Auction Services, Inc. (KAR) CEO Jim Hallett on Q4 2020 Results - Earnings Call Transcript

The company reported earnings. Investors and analysts were clearly displeased.

Why KAR Auction Services Stock Tanked 25% at the Open Today

Shares of KAR Auction Services (NYSE:KAR) fell in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 105.26% year over year to ($0.01), which missed the estimate of $0.28.

News for KAR Auction Services Stock (KAR)