OverviewSuggest Edit

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. 

TypePublic
Founded2006
HQCarmel, US
Websitekarauctionservices.com
Employee Ratings2.8

Latest Updates

Employees (est.) (Dec 2018)18,400(+6%)
Job Openings1,184
Revenue (FY, 2017)$3.5 B(+47%)
Share Price (Mar 2019)$49

Key People/Management at KAR Auction Services

Tom Caruso

Tom Caruso

EVP and Chief Client Officer KAR Auction Services, Inc.
Tom Fisher

Tom Fisher

EVP and Chief Information Officer KAR Auction Services, Inc.
Kayne Grau

Kayne Grau

President of Data as a Service KAR Auction Services, Inc.
John Kett

John Kett

Chief Executive Officer and President Insurance Auto Auctions
Jim Money

Jim Money

President Automotive Finance Corporation
David Vignes

David Vignes

President of Remarketing Services
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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 Revenue

KAR Auction Services's revenue was reported to be $3.46 b in FY, 2017
USD

Net income (FY, 2018)

328.0m

Market capitalization (15-Mar-2019)

6.5b

Closing stock price (15-Mar-2019)

49.0
KAR Auction Services's current market capitalization is $6.5 b.
Annual
USDFY, 2013FY, 2014FY, 2017FY, 2018

Revenue

2.2b2.4b3.5b

Revenue growth, %

9%

Operating expense total

2.9b

EBIT

256.7m377.7m566.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q1, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

658.3m745.0m773.8m866.6m858.0m843.0m

Cost of goods sold

366.5m443.7m501.2m535.0m

Gross profit

291.8m330.1m365.4m

Gross profit Margin, %

44%43%42%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

152.9m155.0m201.8m

Accounts Receivable

Inventories

Current Assets

2.1b2.8b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

196.0m285.3m178.4m676.3m323.1m188.0m

Current Assets

2.0b2.2b3.2b2.9b

Goodwill

1.7b1.7b1.8b1.8b2.0b2.0b2.2b

Total Assets

5.1b5.2b5.3b5.5b6.5b6.6b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

169.3m222.4m362.0m328.0m

Depreciation and Amortization

196.6m64.7m

Inventories

Accounts Payable

60.5m31.5m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018

Net Income

85.3m20.7m119.0m54.5m114.0m60.7m90.0m

Depreciation and Amortization

145.9m48.1m50.9m56.4m129.0m

Accounts Payable

48.3m92.8m105.7m88.7m106.0m64.0m

Cash From Operating Activities

318.4m92.3m86.1m69.5m142.0m
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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
CarsOnTheWebNovember 28, 2018€91 m
STRATIMFebruary 07, 2018
DRIVINApril 19, 2017$43 m

KAR Auction Services Revenue Breakdown

Embed Graph

KAR Auction Services revenue breakdown by business segment: 9.1% from AFC, 34.9% from IAA and 56.0% from ADESA Auctions

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KAR Auction Services News and Updates

KAR Auction Services, Inc. Reports Third Quarter 2018 Financial Results

CARMEL, Ind., Nov. 6, 2018 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its third quarter financial results for the period ended September 30, 2018. For the third quarter of 2018, the company reported revenue of $933.5 million as compared with revenue of $843.0...

KAR Auction Services, Inc. to Announce Third Quarter 2018 Earnings

CARMEL, Ind., Oct. 23, 2018 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) announced today that it will be releasing its third quarter 2018 earnings on Tuesday, November 6, 2018. KAR Auction Services, Inc. will also be hosting an earnings conference call and webcast on Wednesday,...

KAR Auction Services Partners with Jefferson Awards Foundation

CARMEL, Ind., Aug. 30, 2018 /PRNewswire/ -- KAR Auction Services (NYSE: KAR), a global vehicle remarketing and technology solutions provider, announces its partnership with the Jefferson Awards Foundation. The Jefferson Awards Foundation is one of the most prestigious and longest-standing ...

KAR Auction Services Announces Participation in Upcoming Investor Conference

CARMEL, Ind., Aug. 1, 2018 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference: - J.P. Morgan Auto Conference - Mike Eliason, treasurer and vice...
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KAR Auction Services Blogs

ADESA Announces Auction Leadership Changes Aimed at Enhancing Customer Experience and Continued Growth

New Regional Vice President-West Region and General Manager Changes in Las Vegas, Birmingham, Little Rock, Orlando and Tulsa ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announces Lawrence Cubitt has been named regiona…

ADESA Launches VirtuaLane Auctions at 20 North American Locations

Key Customer Partnerships Create a More Technologically Advanced and Safe Auction Experience ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announces the launch of VirtuaLaneSM auctions. VirtuaLane is a live in-lane auct…

ADESA Announces New Leader of Product Development

Organizational Update Aimed at Developing and Delivering Industry-Leading Products and Services ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announces Kurt Madvig has been named vice president of product development. M…

KAR Fortifies Leading Asset Recovery Capabilities with Acquisition of Clearplan

Digital Platform to Enhance Current Service Offerings Through Real-Time, Cloud-Based Data Delivery and Reporting    KAR Auction Services, Inc. (NYSE: KAR), a global automotive remarketing and technology services provider announced the acquisition of Reno, Nevada-based Clearplan. Clearplan’s digital …

PAR Sets New Industry Standard with Launch of Platinum Compliance Portal

New Platform Raises Due Diligence Requirements to Most Extensive in the Industry PAR North America (PAR) launches its new web-based self-service portal with real-time access to PAR’s compliance data and the compliance data of more than 600 vehicle recovery vendors across the U.S. PAR is a leading pr…

TradeRev Unveils New MOVE METAL® Service Options and TradeReady Seller Protection

Customized Service Levels and No Arbitration Guarantee Help Dealers Save Time and Money TradeRev, North America’s leading dealer-to-dealer digital auction platform, announced the release of the company’s new MOVE METAL® service options for sellers. The offering includes three customized tiers rangin…
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KAR Auction Services Frequently Asked Questions

  • When was KAR Auction Services founded?

    KAR Auction Services was founded in 2006.

  • Who are KAR Auction Services key executives?

    KAR Auction Services's key executives are Tom Caruso, Tom Fisher and Kayne Grau.

  • How many employees does KAR Auction Services have?

    KAR Auction Services has 18,400 employees.

  • Who are KAR Auction Services competitors?

    Competitors of KAR Auction Services include America's Car-Mart, Mike Naughton Leasing and Cars45.

  • Where is KAR Auction Services headquarters?

    KAR Auction Services headquarters is located at 13085 Hamilton Crossing Blvd, Carmel.

  • Where are KAR Auction Services offices?

    KAR Auction Services has an office in Carmel.

  • How many offices does KAR Auction Services have?

    KAR Auction Services has 1 office.