KAR Auction Services, Inc. (KAR)

NYSE: KAR · IEX Real-Time Price · USD
16.23
-0.19 (-1.16%)
Aug 18, 2022 4:00 PM EDT - Market closed

Company Description

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, inspection, title and repossession administration and remarketing, vehicle research, and analytical services, as well as data as a service.

This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. As of December 31, 2021, this segment had a network of approximately 70 vehicle logistics center locations in North America.

The AFC segment offers floorplan financing, a short-term inventory-secured financing to independent used vehicle dealers; and sells vehicle service contracts.

The company provides wheel repair and hail catastrophe response services. It serves vehicle manufacturers, vehicle rental companies, financial institutions, commercial fleets and fleet management companies, and dealer customers.

The company was formerly known as KAR Holdings, Inc. and changed its name to KAR Auction Services, Inc. in November 2009. KAR Auction Services, Inc. was incorporated in 2006 and is headquartered in Carmel, Indiana.

KAR Auction Services, Inc.
KAR Auction Services Logo
Country United States
Founded 2006
IPO Date Dec 11, 2009
Industry Commercial Services & Supplies
Sector Industrials
Employees 8,256
CEO James Hallett

Contact Details

Address:
11299 Illinois St
Carmel, Indiana 46032-8887
United States
Phone 800 923 3725
Website karauctionservices.com

Stock Details

Ticker Symbol KAR
Exchange NYSE
Fiscal Year January - December
Reporting Currency US Dollars
CIK Code 0001395942
CUSIP Number 48238T109
ISIN Number US48238T1097
Employer ID 20-8744739
SIC Code 5521

Key Executives

Name Position
James P. Hallett Executive Chairman
Peter J. Kelly Chief Executive Officer and Director
Eric M. Loughmiller Executive Vice President and Chief Financial Officer
James P. Coyle Executive Vice President and Chief Digital Officer
Justin T. Davis President of BacklotCars
Scott A. Anderson Vice President, Controller and Principal Accounting Officer
Michael Eliason Vice President of Investor Relations and Treasurer
Charles S. Coleman Executive Vice President, Chief Legal Officer and Secretary
Tobin Richer Senior Vice President of Marketing and Communications
Warren W. Byrd Executive Vice President of Corporate Development and Real Estate

Latest SEC Filings

Date Type Title
Aug 16, 2022 8-K Current Report
Aug 3, 2022 10-Q Quarterly Report
Aug 2, 2022 8-K Current Report
Jun 14, 2022 8-K Current Report
Jun 2, 2022 8-K Current Report
May 10, 2022 8-K Current Report
May 4, 2022 10-Q Quarterly Report
May 3, 2022 8-K Current Report
Apr 22, 2022 DEF 14A Other definitive proxy statements
Mar 11, 2022 8-K Current Report