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.

KAR Auction Services, Inc. (KAR) CEO Peter Kelly on Q4 2021 Results - Earnings Call Transcript

Losses aren't as bad as feared in Q4 2021, and continued cost-cutting holds promise for 2022.

Why Kar Auction Services Stock Popped 11% Today

KAR Auction Services (KAR) delivered earnings and revenue surprises of 120% and 5.31%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

KAR Auction Services (KAR) Surpasses Q4 Earnings and Revenue Estimates

CARMEL, Ind., Feb. 16, 2022 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its fourth quarter financial results for the period ended December 31, 2021.

KAR Auction Services, Inc. Reports 2021 Financial Results

CARMEL, Ind., Feb. 11, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its fourth quarter and full year 2021 financial results after the market closes on Wednesday, February 16, 2022.

KAR Auction Services, Inc. to Announce Fourth Quarter and Full Year 2021 Earnings

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: Should You Buy?

KAR Global Licenses Privacy and Security Training Program for Use by NAAA Member Auctions

ANI Pharma

Arlo Technologies Inc

Customers Bancorp

CommVault Systems

Endo International

Ranger Oil Corp

With 2021 coming to a close and a new year upon us, it's time to get a head start on some of the best small-cap stocks to buy. The post 7 of the Best Small-Cap Stocks to Buy Before 2022 appeared first on InvestorPlace.

7 of the Best Small-Cap Stocks to Buy Before 2022

CARMEL, Ind., Dec. 7, 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), and CoreKinect, the leader in scalable hardware design, announce the complete deployment of ADESA's fully automated vehicle tracking solution.

ADESA First in Industry to Fully Deploy Automated Vehicle Tracking Solution Across North America

Bruker

Cars.com

CNH Industrial NV

Meredith

Raven Industries

NEW YORK, Nov. 24, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Thursday, December 2: Bruker BioSciences Corp. (NASD:BRKR) will replace KAR Auction Services Inc. (NYSE:KAR) in the S&P MidCap 400, and KAR Auction Services will replace Meredith Corp. (NYSE:MDP) in the S&P SmallCap 600. Meredith is being acquired in a two-step transaction that is expected to be completed on or about December 1.

Bruker BioSciences Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600

KAR Auction Services, Inc. (KAR) CEO Peter Kelly on Q3 2021 Results - Earnings Call Transcript

KAR Auction Services (KAR) delivered earnings and revenue surprises of 14.29% and 5.58%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

KAR Auction Services (KAR) Q3 Earnings and Revenues Top Estimates

CARMEL, Ind., Nov. 2, 2021 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its third quarter financial results for the period ended September 30, 2021.

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

CARMEL, Ind., Oct. 28, 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), reveals a new tool to enhance the reconditioning process and optimize return on investment for sellers.

ADESA Launches New Tool to Drive Greater Wholesale Value

Analysts Estimate KAR Auction Services (KAR) to Report a Decline in Earnings: What to Look Out for

CARMEL, Ind., Oct. 25, 2021 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, today announced the company has hired James Coyle as Chief Digital Officer.

KAR Global Hires James Coyle as Chief Digital Officer

CARMEL, Ind., Oct. 19, 2021 /PRNewswire/ --   KAR Auction Services, Inc. (NYSE:KAR) will release its third quarter 2021 financial results after the market closes on Tuesday, November 2, 2021.

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

KAR Auction Services Inc (NYSE: KAR) has announced an expanded partnership with Black Book, a technology data company, to help franchise and independent car dealers, OEMs, and third-party providers deliver a faster, easier, and more digital experience to their retail consumers. By integrating Black Book's VIN decoding and pricing algorithms with KAR's digital capabilities, industry-related companies will be able to deliver instant, VIN-specific guaranteed trade-in values to consumers through their own website or mobile app.

KAR Auction Services Expands Partnership With Black Book

CARMEL, Ind., Oct. 18, 2021 /PRNewswire/ -- KAR Global and Black Book today announced an expanded relationship aimed at helping franchise and independent car dealers, OEMs, and third-party providers deliver a faster, easier and more digital experience to their retail consumers.

KAR Global Announces Black Book® Integration with BacklotCars

CARMEL, Ind., Oct. 14, 2021 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, has completed the acquisition of CARWAVE Holdings LLC ("CARWAVE") for $450 million in cash.

KAR Global Completes Acquisition of CARWAVE

CARMEL, Ind., Oct. 6, 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), was named a 2021 Automotive News PACE Award winner for its Simulcast+® technology.

ADESA Simulcast+® Continues to Earn Top Industry Awards

KAR's recent pre-announcement was disappointing on several fronts, with volumes falling short and the full-year guidance withdrawn. But with KAR successfully acquiring CARWAVE, the company remains on track to build out its D2D business.

KAR Auction Services: Longer-Term Growth Story Intact Despite Near-Term Headwinds

Wholesale used vehicle digital marketplace KAR Auction Services Inc (NYSE: KAR) has withdrawn its previously provided financial outlook for fiscal 2021, citing continued disruption caused by the chip shortage and the lack of visibility into used vehicle volumes in its marketplaces. The company expects Q3 Adjusted EBITDA of $95 million - $100 million.

KAR Auction Withdraws FY21 Guidance As Chip Shortage Bites

CARMEL, Ind., Sept. 20, 2021 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading global wholesale used vehicle digital marketplace operator, today announced that as a result of the continued disruption caused by the chip shortage and the corresponding lack of visibility into used vehicle volumes in its marketplaces, the company is withdrawing its previously provided financial outlook for fiscal 2021.

KAR Global to Host Financial Update Conference Call Monday, September 20th and Analyst Day Event on Tuesday, September 21st

CARMEL, Ind., Sept. 9, 2021 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading global wholesale used vehicle digital marketplace operator, will host a virtual Analyst Day on Tuesday, September 21, 2021, at 11:00 a.m.

News for KAR Auction Services Stock (KAR)