KAR Auction Services

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. 

Type
Public
HQ
Carmel, US
Founded
2006
Size (employees)
17,400 (est)+21%
KAR Auction Services was founded in 2006 and is headquartered in Carmel, US

KAR Auction Services Office Locations

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

KAR Auction Services Data and Metrics

KAR Auction Services Financial Metrics

KAR Auction Services's revenue was reported to be $3.2 b in FY, 2016 which is a 19% increase from the previous period.
USD

Revenue (FY, 2016)

3.2 b

Revenue growth (FY, 2015 - FY, 2016), %

19%

Gross profit (FY, 2016)

2.7 b

Gross profit margin (FY, 2016), %

84%

Net income (FY, 2016)

222.4 m

EBIT (FY, 2016)

111.9 m

Market capitalization (23-Jun-2017)

5.8 b

Closing share price (23-Jun-2017)

41.7

Cash (31-Dec-2016)

201.8 m
KAR Auction Services's current market capitalization is $5.8 b.
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

Gross profit Margin, %

85%84%

Operating expense total

585.3 m701.8 m

EBIT

256.7 m377.7 m427.3 m111.9 m

EBIT margin, %

12%16%16%4%

Interest expense

24.2 m38 m

Pre tax profit

75.2 m72.2 m

Income tax expense

26.9 m26.7 m

Net Income

67.7 m169.3 m214.6 m222.4 m
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

Goodwill

1.7 b1.7 b1.8 b2.1 b

Total Assets

5.1 b5.4 b5.8 b6.6 b

Accounts Payable

435.5 m471.7 m608.4 m648.5 m

Dividends Payable

34.7 m38.2 m37.2 m43.7 m

Current Liabilities

1.4 b1.6 b2.2 b2.3 b

Non-Current Liabilities

2.2 b2.2 b2.2 b2.8 b

Total Liabilities

3.6 b3.8 b4.4 b5.2 b

Additional Paid-in Capital

1.5 b1.6 b1.4 b1.4 b

Retained Earnings

(72.3 m)(46.4 m)17.3 m74.1 m

Total Equity

1.5 b1.5 b1.4 b1.4 b

Financial Leverage

3.5 x3.5 x4.2 x4.7 x
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 m240.6 m

Accounts Payable

36.4 m60.5 m136.1 m31.5 m

Cash From Operating Activities

434 m431.3 m475 m360.8 m

Cash From Investing Activities

(267.9 m)(412.8 m)(547.6 m)(765.3 m)

Long-term Borrowings

(52.7 m)(1.8 b)(21.5 m)(662.6 m)

Cash From Financing Activities

(76.6 m)(48.5 m)94.5 m453.2 m

Interest Paid

89.8 m75.9 m79.7 m124.5 m
USDY, 2016

Revenue/Employee

218.8 k

Financial Leverage

4.7 x

KAR Auction Services Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
DRIVINApril 19, 2017$43 m

KAR Auction Services Market Value History

KAR Auction Services Company Life and Culture

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