KAR Auction Services, Inc. (KAR)

NYSE: KAR · IEX Real-Time Price · USD
15.41
+0.40 (2.66%)
Jun 2, 2023, 4:00 PM EDT - Market closed
2.66%
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]

IPO Date Dec 11, 2009
Employees 3,960
Stock Exchange NYSE
Ticker Symbol KAR
Full Company Profile

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 Statements

Analyst 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.

Price Target
$19.25
(24.92% upside)
Analyst Consensus: Hold
Stock Forecasts

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...

10 hours ago - PRNewsWire

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...

1 month ago - PRNewsWire

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 ...

1 month ago - PRNewsWire
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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...

1 month ago - PRNewsWire

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...

1 month ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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...

4 months ago - PRNewsWire
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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...

4 months ago - PRNewsWire

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...

7 months ago - PRNewsWire

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Other symbols: AMDCHGGCRUSHURN
7 months ago - CNBC

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...

7 months ago - PRNewsWire

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...

8 months ago - PRNewsWire
}

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 ...

10 months ago - PRNewsWire

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...

10 months ago - PRNewsWire

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...

10 months ago - PRNewsWire

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 ...

11 months ago - PRNewsWire

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...

1 year ago - PRNewsWire

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...

Other symbols: TWKS
1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

Carvana Acquires ADESA U.S.'s Physical Auction Business

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

Other symbols: CVNA
1 year ago - Business Wire

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...

1 year ago - PRNewsWire

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 ...

1 year ago - PRNewsWire

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

Other symbols: CVNA
1 year ago - Business Wire

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...

1 year ago - PRNewsWire