KAR misses quarterly profit forecast amid surge in revenue
KAR Auction Services Inc. missed Wall Street expectations with its fourth-quarter earnings despite revenue that exceeded predictions.
KAR Auction Services
Articles
Indy Fuel owners ready to take shot at new ice venues
Father-and-son duo Jim and Sean Hallett launched a minor-league hockey team—the Indy Fuel—in 2013, but the enterprise has expanded far beyond just an ECHL franchise.
Indy-based auto auction firm acquired by Dallas company
Currently operating in eight states, the firm was founded in 2000 by three executives who had previously worked at another local auto auctioneer, Carmel-based ADESA.
Carmel-based KAR Auction buys Michigan firm for $76M
The Flint business will become part of KAR’s Adesa unit, which offers wholesale used-vehicle auction services.
PROXY CORNER: KAR Auction Services Inc.
Carmel-based KAR Auction Services Inc. operates auto auctions and provides related services.
KAR Auction sees higher profit on big rise in revenue
The used and salvaged vehicle auctioneer posted revenue of $771.8 million in the second quarter, up 17 percent from a year ago.
For CEO, auction firm is ‘mission of passion’
Fired in 2005 as CEO of Adesa Inc., a vehicle-auction company based in Carmel, James Hallett later engineered a buyout that put him back in the driver’s seat of the company, now known as KAR Auction Services.
Justices rule Ed Martin Toyota can relocate to Hamilton County
Three central Indiana Toyota dealers lost their battle to stop a fourth from moving into their vicinity as the Indiana Supreme Court ruled Thursday they did not have standing to stop the move from happening.
KAR Auction’s quarterly results top analyst predictions
Shares in KAR Auction Services Inc. rose Wednesday morning after the company reported first-quarter earnings and revenue that exceeded analyst expectations.
KAR announces $283M acquisition, quarterly profit
KAR Auction Services Inc. on Wednesday reported slightly lower quarterly earnings that missed analyst expectations. It also said it plans to buy a group of eight auctions in Idaho, Oregon, Nevada, Utah and California.
2015 CFO of the Year: Eric Loughmiller
Eric Loughmiller said KAR Auction Services invests in the business and makes decisions aimed at building long-term shareholder value, a strategy that has helped swell the company's market value to more than $5 billion.
KAR reports jump in third-quarter profit, revenue
Carmel-based KAR Auction Services Inc.’s earnings fell slightly short of analyst expectations in the third period, but its revenue exceeded predictions.
KAR sees surge in quarterly revenue, earnings
KAR Auction Services Inc. reported big jumps in revenue and profit in the second quarter, topping analyst expectations.
KAR launches global push by acquiring English company
Carmel-based KAR Auction Services Inc. announced Monday that it has acquired Canvey Island, England-based HBC Vehicle Services, marking its first foray into a market outside of North America.
KAR Auction’s quarterly earnings meet expectations
Carmel-based KAR Auction Services Inc. met Wall Street expectations with its first quarter earnings report Tuesday despite bringing in slightly less revenue than predicted.
PROXY CORNER: KAR Auction Services Inc.
Carmel-based KAR Auction Services Inc. 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.
KAR CEO Hallett honored as E&Y entrepreneur of year
E&Y honored Hallett for transforming a traditional auto auction company that used technology into a technology company that runs auctions and provides other services to the auto industry.
KAR Auction Services makes $30M acquisition
Carmel-based KAR Auction Services Inc., which released a solid quarterly earnings report Tuesday, acquired a 50-percent stake in Toronto-based Nth Gen Software Inc., which makes the TradeRev automotive remarketing system.
INDIANA 100: Indiana public companies turned in contrasting performances
Profit shot up for some, while others fought setbacks.
KAR Auction’s profit sinks but exceeds expectations
Carmel-based KAR Auction Services Inc. saw profit drop 29 percent in the first quarter due to costs associated with refinancing debt, the company reported Monday afternoon.