KAR Auction Services, Inc., through its subsidiaries, provides vehicle auction services in North America. It operates in three segments: ADESA Auctions, IAAI, and AFC. The ADESA Auctions encompasses wholesale auctions relates to used vehicle remarketing, including auction services, remarketing, or make ready services. It offers off-lease vehicles, repossessed vehicles, rental vehicles, and other program fleet vehicles. This segment also provides value-added ancillary services, such as inspections, storage, transportation, reconditioning and titling, and other administrative services. It serves commercial fleet operators, financial institutions, rental car companies, used vehicle dealers, vehicle manufacturers and their captive finance companies, and franchised and independent used vehicle dealers. 
The IAAI segment offers salvage vehicle auctions and related services. The salvage auctions facilitate the redistribution of damaged or low value vehicles designated as total losses by insurance companies and charity donation vehicles, as well as recovered stolen vehicles. This segment specializes in providing services, such as transportation, titling, salvage recovery, and claims settlement administrative services. 
The AFC segment offers short-term and inventory-secured financing, known as floorplan financing, to independent used vehicle dealers. 

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Type
Public
HQ
Carmel, US
Founded
2006
Size (employees)
17,400 (est)
KAR Auction Services was founded in 2006 and is headquartered in Carmel, US
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KAR Auction Services Office Locations

KAR Auction Services has an office in Carmel
Carmel, US (HQ)
13085 Hamilton Crossing Blvd
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KAR Auction Services Financials and Metrics

KAR Auction Services Financials

KAR Auction Services's revenue was reported to be $3.15 b in FY, 2016 which is a 19.3% increase from the previous period.
USD

Revenue (Q3, 2017)

843 m

Gross profit (Q3, 2017)

363.8 m

Gross profit margin (Q3, 2017), %

43.2%

Net income (Q3, 2017)

62.8 m

EBIT (Q3, 2017)

141.9 m

Market capitalization (20-Apr-2018)

7.2 b

Cash (30-Sep-2017)

432.1 m

EV

9.4 b
KAR Auction Services's current market capitalization is $7.2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.2 b2.4 b2.6 b3.2 b

Revenue growth, %

9%12%19%

Cost of goods sold

400.8 m488.3 m

Gross profit

2.2 b2.7 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

658.3 m666.7 m745 m771.8 m773.8 m866.6 m858 m843 m

Cost of goods sold

366.5 m378.1 m418.7 m430.9 m443.7 m501.2 m481.7 m479.2 m

Gross profit

291.8 m288.6 m326.3 m340.9 m330.1 m365.4 m376.3 m363.8 m

Gross profit Margin, %

44%43%44%44%43%42%44%43%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

191.6 m152.9 m155 m201.8 m

Current Assets

1.8 b2.1 b2.4 b2.8 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

196 m251.2 m285.3 m214.9 m178.4 m204.8 m125.3 m676.3 m314.7 m323.1 m188 m530.4 m432.1 m

Current Assets

1.8 b2 b2 b2.1 b2.2 b2.4 b2.4 b3.2 b2.9 b2.9 b2.9 b3.1 b3.2 b

Goodwill

1.7 b1.7 b1.7 b1.7 b1.7 b1.8 b1.8 b1.8 b2 b2 b2.1 b2.1 b2.1 b

Total Assets

5.1 b5.2 b5.3 b5.4 b5.5 b5.8 b5.7 b6.5 b6.6 b6.6 b6.6 b6.9 b6.9 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

67.7 m169.3 m214.6 m222.4 m

Depreciation and Amortization

194.4 m196.6 m212.8 m64.7 m

Accounts Payable

36.4 m60.5 m136.1 m31.5 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

85.3 m20.7 m71.5 m119 m54.5 m114 m166.3 m60.7 m122.5 m176.9 m69.2 m126.4 m189.2 m

Depreciation and Amortization

145.9 m48.1 m96.4 m145.3 m50.9 m102.7 m156.8 m56.4 m115.4 m175.9 m64.5 m129 m195.2 m

Accounts Payable

48.3 m92.8 m67.1 m104.3 m105.7 m117.3 m146.4 m88.7 m106 m73.7 m83.2 m64 m97.5 m

Cash From Operating Activities

318.4 m92.3 m231.4 m327.7 m86.1 m200.5 m315.4 m69.5 m158.9 m283.8 m142 m373.9 m487.9 m
USDY, 2017

EV/EBIT

66.5 x

EV/CFO

19.3 x

Revenue/Employee

48.4 k

Financial Leverage

4.9 x
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KAR Auction Services Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Auction Locations

65 66 66 66 66 66 76 76 77 77 77

Auction Sites

168 169 171 171 171 173 173 173 172 173 174

Transactions

1.45 m411.68 k381.68 k405.12 k1.61 m454 k422 k425.99 k1.72 m456 k416 k

Used Vehicles Sold

3.90 m4.40 m1.24 m1.27 m5.10 m1.41 m1.41 m
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KAR Auction Services Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
STRATIM (41)February 07, 2018
DRIVIN (61)April 19, 2017$43 m
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