KAR Auction Services

KAR Auction Services (NYSE: KAR), a FORTUNE 1000 company, operates used vehicle auction services for North American sellers and buyers worldwide. Based in Carmel, Ind., the KAR group of companies is comprised of ADESA (ADESA), Insurance Auto Auctions (IAA), Automotive Finance Corporation, Inc. (AFC), and additional business units, with nearly 12,000 employees across the globe. ADESA operates 65 wholesale used vehicle auctions and IAA has 165 salvage vehicle auctions. Both companies offer leading online auction platforms to provide greater access for customers. AFC provides inventory financing and comprehensive business services to primarily independent used vehicle dealers from its 105 locations. Together, KAR’s complementary businesses provide support, technology and logistics for the used vehicle industry.
Type
Public
HQ
Carmel, US
Size (employees)
17,400 (est)+21%
KAR Auction Services 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 Metrics

KAR Auction Services Financial Metrics

Revenue (2016)

$3.2 b

Revenue growth (2015-16), %

19%

Gross profit

$2.7 b

Gross profit margin (2016), %

84%

Net income (2016)

$222.4 m

Market capitalization (28-Apr-2017)

$6 b

Closing share price (28-Apr-2017)

$44.2

Cash (31-Dec-2016)

$201.8 m
KAR Auction Services's current market capitalization is $6 b.
KAR Auction Services's revenue was reported to be $3.2 b in FY, 2016 which is a 19% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$2.2 b$2.4 b$2.6 b$3.2 b

Revenue growth, %

9%12%19%

Cost of goods sold

$400.8 m$488.3 m

Gross profit

$2.2 b$2.7 b

Gross profit Margin, %

85%84%

Operating expense total

$585.3 m$701.8 m

EBIT

$256.7 m$377.7 m$427.3 m$111.9 m

EBIT margin, %

12%16%16%4%

Interest expense

$24.2 m$38 m

Pre tax profit

$75.2 m$72.2 m

Income tax expense

$26.9 m$26.7 m

Net Income

$67.7 m$169.3 m$214.6 m$222.4 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$191.6 m$152.9 m$155 m$201.8 m

Accounts Receivable

Inventories

Current Assets

$1.8 b$2.1 b$2.4 b$2.8 b

Goodwill

$1.7 b$1.7 b$1.8 b$2.1 b

Total Assets

$5.1 b$5.4 b$5.8 b$6.6 b

Accounts Payable

$435.5 m$471.7 m$608.4 m$648.5 m

Dividends Payable

$34.7 m$38.2 m$37.2 m$43.7 m

Current Liabilities

$1.4 b$1.6 b$2.2 b$2.3 b

Non-Current Liabilities

$2.2 b$2.2 b$2.2 b$2.8 b

Total Liabilities

$3.6 b$3.8 b$4.4 b$5.2 b

Additional Paid-in Capital

$1.5 b$1.6 b$1.4 b$1.4 b

Retained Earnings

($72.3 m)($46.4 m)$17.3 m$74.1 m

Total Equity

$1.5 b$1.5 b$1.4 b$1.4 b

Financial Leverage

3.5 x3.5 x4.2 x4.7 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$67.7 m$169.3 m$214.6 m$222.4 m

Depreciation and Amortization

$194.4 m$196.6 m$212.8 m$240.6 m

Accounts Receivable

Inventories

Accounts Payable

$36.4 m$60.5 m$136.1 m$31.5 m

Cash From Operating Activities

$434 m$431.3 m$475 m$360.8 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 m$453.2 m

Interest Paid

$89.8 m$75.9 m$79.7 m$124.5 m

KAR Auction Services Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
DRIVINApril 19, 2017$43 m

KAR Auction Services Market Value History

KAR Auction Services Company Life

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