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

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Earnings data Q2 2023

Earnings data Q3 2023

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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.

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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 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.

Recap: KAR Auction Services Q4 Earnings

CARMEL, Ind., Feb. 16, 2021 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its fourth quarter financial results for the period ended December 31, 2020. For the fourth quarter of 2020, the company reported revenue of $529.6 million as compared with revenue of $671.3...

KAR Auction Services, Inc. Reports 2020 Financial Results

KAR Auction Services (KAR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why KAR Auction Services (KAR) Might Surprise This Earnings Season

CARMEL, Ind., Feb. 3, 2021 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE:KAR) will release its fourth quarter and full year 2020 financial results after the market closes on Tuesday, February 16, 2021. KAR will also be hosting an earnings conference call and webcast on Wednesday,...

KAR Auction Services, Inc. to Announce Fourth Quarter and Full Year 2020 Earnings

KAR Auction Services planned to go 100% digital in the next three years, but ended up making it happen virtually overnight, CEO Jim Hallett said.

Car auction company KAR goes 100% digital years ahead of schedule amid pandemic

KAR Auction Services (KAR) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Why KAR Auction Services (KAR) Stock Might be a Great Pick

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CARMEL, Ind., Nov. 12, 2020 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR) has completed the acquisition of BacklotCars, Inc. The addition of BacklotCars supplements the company's suite of leading digital marketplaces, including TradeRev, ADESA.com and OPENLANE,...

KAR Completes Acquisition of BacklotCars

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Is KAR Auction Services (KAR) a great pick from the value investor's perspective right now? Read on to know more.

Can Value Investors Pick KAR Auction Services (KAR) Stock?

KAR Auction Services, Inc. (KAR) CEO Jim Hallett on Q3 2020 Results - Earnings Call Transcript

KAR Auction Services (KAR) delivered earnings and revenue surprises of 60.71% and -5.82%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

KAR Auction Services (KAR) Beats Q3 Earnings Estimates

CARMEL, Ind., Nov. 3, 2020 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its third quarter financial results for the period ended September 30, 2020. For the third quarter of 2020, the company reported revenue of $593.6 million as compared with revenue of $701.9...

KAR Auction Services, Inc. Reports Third Quarter 2020 Financial Results

Why Earnings Season Could Be Great for KAR Auction Services (KAR)

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing KAR Auction Services (KAR) Right Now?

KAR Auction Services: Permanent Cost Cuts Make This A Cash Cow

Is KAR Auction Services (KAR) a Great Value Stock Right Now?

CARMEL, Ind., Sept. 8, 2020 /PRNewswire/ -- KAR Auction Services, Inc.

KAR to Deepen Digital Capabilities With Acquisition of BacklotCars

Is KAR Auction Services (KAR) Stock Undervalued Right Now?

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