KAR Auction Services, Inc. (KAR)
Market Cap | 1.68B |
Revenue (ttm) | 1.57B |
Net Income (ttm) | 254.20M |
Shares Out | 109.21M |
EPS (ttm) | 1.33 |
PE Ratio | 11.59 |
Forward PE | 20.24 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 1,588,556 |
Open | 15.25 |
Previous Close | 15.01 |
Day's Range | 15.11 - 15.53 |
52-Week Range | 11.15 - 17.66 |
Beta | 1.24 |
Analysts | Hold |
Price Target | 19.25 (+24.92%) |
Earnings Date | May 2, 2023 |
About KAR
KAR Auction Services, Inc., together with its subsidiaries, provides used vehicle auctions and related vehicle remarketing services for the automotive industry in the United States, Europe, Canada, Mexico, and the United Kingdom. The company operates through two segments, ADESA Auctions and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities. It also provides value-added services, such as auction related, transportation, reconditioning,... [Read more]
Financial Performance
In 2022, KAR's revenue was $1.52 billion, an increase of 4.74% compared to the previous year's $1.45 billion. Earnings were $241.20 million, an increase of 262.71%.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for KAR stock is "Hold." The 12-month stock price forecast is $19.25, which is an increase of 24.92% from the latest price.
News

OPENLANE Announces Results of Offer to Purchase Certain of its Outstanding 5.125% Senior Notes due 2025
CARMEL, Ind. , June 2, 2023 /PRNewswire/ -- OPENLANE, Inc. (f/k/a KAR Auction Services, Inc.) (NYSE: KAR) (the "Company"), today announced the results of its previously announced offer to purchase (th...

KAR Global Commences Offer to Purchase Certain of Its Outstanding 5.125% Senior Notes Due 2025
CARMEL, Ind. , May 3, 2023 /PRNewswire/ -- KAR Auction Services, Inc. (to be renamed OPENLANE, Inc.), d/b/a KAR Global (NYSE: KAR) (the "Company"), today announced that it has commenced an offer to pu...

KAR Global to Rebrand as OPENLANE
New Brand to Unite Marketplace Brands and Simplify Customer Experience CARMEL, Ind. , May 2, 2023 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR) announces it is rebranding to ...

KAR Auction Services, Inc. Reports First Quarter 2023 Financial Results
Total revenue increased 14% year-over-year Significant increases in operating profit and income from continuing operations Adjusted EBITDA increased 20% year-over-year CARMEL, Ind. , May 2, 2023 /PRNe...

KAR Auction Services, Inc. to Announce First Quarter 2023 Earnings
CARMEL, Ind. , April 19, 2023 /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 first qu...

KAR Global Announces Retirement of Executive Chairman Jim Hallett
Peter Kelly to Continue as CEO, Michael Kestner Named Chairman of the Board CARMEL, Ind. , March 31, 2023 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of...

KAR Auction Services, Inc. Reports 2022 Financial Results
Total revenue and gross profit increased for the quarter and year Cost actions completed on schedule and contributed to a reduction in fourth quarter selling, general and administrative expenses Compl...

KAR Auction Services, Inc. to Announce Fourth Quarter and Full Year 2022 Earnings
CARMEL, Ind. , Feb. 8, 2023 /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 qua...

Integration of BacklotCars and CARWAVE Provides Dealers the Best of Both Offerings
CARMEL, Ind. , Jan. 23, 2023 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a/ KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the integration...

KAR Global Announces Participation in Upcoming Investor Conference
CARMEL, Ind. , Nov. 10, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, today announced its parti...

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KAR Auction Services, Inc. Reports Third Quarter 2022 Financial Results
Revenue, gross profit per vehicle sold, income from continuing operations and Adjusted EBITDA increased for the quarter despite a decrease in volumes Repurchased $600 million principal amount of senio...

KAR Auction Services, Inc. to Announce Third Quarter 2022 Earnings
CARMEL, Ind. , Oct. 18, 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 third qu...

KAR Global Announces Early Results for Cash Tender Offer for Notes
CARMEL, Ind. , Aug. 16, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a KAR Global (NYSE: KAR) (the "Company"), today announced early results of its previously announced cash tender offer (the ...

KAR Global Announces Cash Tender Offer for Notes
CARMEL, Ind. , Aug. 2, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a KAR Global (NYSE: KAR) (the "Company"), today announced that it commenced a cash tender offer (the "Tender Offer") to purc...

KAR Auction Services, Inc. Reports Second Quarter 2022 Financial Results
KAR completed the sale of its ADESA U.S. physical auction business to Carvana and is using the proceeds to reduce debt The company has over $800 million of available cash as of June 30, 2022 The compa...

KAR Auction Services, Inc. to Announce Second Quarter 2022 Earnings
CARMEL, Ind. , July 20, 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 second ...

KAR Auction Services, Inc. to Host Investor Update Call
CARMEL, Ind., May 26, 2022 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will host an Investor Update...

KAR Global Launches Enhanced Condition Reports for BacklotCars
Collaboration with Thoughtworks Expands Capabilities, Accuracy and Transparency CARMEL, Ind. and CHICAGO , May 24, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a lea...

KAR Global Completes Sale of ADESA US Physical Auction Business to Carvana
CARMEL, Ind. , May 10, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading provider of digital marketplace solutions for used vehicles, successfully completed its...

Carvana Acquires ADESA U.S.'s Physical Auction Business
PHOENIX--(BUSINESS WIRE)--Carvana acquires ADESA U.S.'s physical auction business

KAR Auction Services, Inc. Reports First Quarter 2022 Financial Results
KAR expects to close the transaction selling its ADESA U.S. physical auction business to Carvana, with the proceeds expected to reduce debt KAR reported consistent revenue from continuing operations F...

KAR Auction Services, Inc. to Announce First Quarter 2022 Earnings
CARMEL, Ind. , April 19, 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 first ...

Carvana to Accelerate Growth Through Acquiring ADESA U.S. Physical Auction Business from KAR Global
PHOENIX--(BUSINESS WIRE)--Carvana Acquires ADESA U.S. Physical Auction Business

KAR Global Agrees to $2.2 Billion Sale of ADESA US Physical Auction Business to Carvana
CARMEL, Ind., Feb. 24, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading digital marketplace platform for wholesale used vehicles, has reached a definitive agre...