PROXY CORNER: KAR Auction Services Inc.

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KAR Auction Services Inc., 13085 Hamilton Crossing Blvd, Carmel 46032, (karauctionservices.com) is the holding company for ADESA Inc., which operates used-vehicle auctions at 65 locations, Insurance Auto Auctions Inc., which operates salvage auctions at 164 locations, and Automotive Finance Corp., which provides floorplan financing. In the nine months ended Sept. 30, 2014, KAR earned $119.0 million, or 84 cents per diluted share, on revenue of $1.8 billion. That compares with earnings of $85.3 million, or 61 cents per share, on $1.6 billion in revenue in the same period a year earlier. KAR shares trade on the New York Stock Exchange under the ticker KAR. Information for Proxy Corner came from Yahoo Finance and the company’s proxy statement dated April 29, 2014. View full Proxy Corner feature

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