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. 

Company Growth (employees)
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

KAR Auction Services Office Locations

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

KAR Auction Services Financials and Metrics

KAR Auction Services Financials

KAR Auction Services's revenue was reported to be $866.6 m in Q1, 2017
USD

Revenue (Q1, 2017)

866.6 m

Gross profit (Q1, 2017)

365.4 m

Gross profit margin (Q1, 2017), %

42%

Net income (Q1, 2017)

69.2 m

EBIT (Q1, 2017)

143.5 m

Market capitalization (19-Oct-2017)

6.6 b

Cash (31-Mar-2017)

188 m
KAR Auction Services's current market capitalization is $6.6 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

44%43%44%44%43%42%
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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

285.3 m214.9 m178.4 m204.8 m125.3 m676.3 m314.7 m323.1 m188 m

Current Assets

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

Goodwill

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

Total Assets

5.3 b5.4 b5.5 b5.8 b5.7 b6.5 b6.6 b6.6 b6.6 b
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

Cash From Operating Activities

434 m431.3 m475 m360.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

71.5 m119 m54.5 m114 m166.3 m60.7 m122.5 m176.9 m69.2 m

Depreciation and Amortization

96.4 m145.3 m50.9 m102.7 m156.8 m56.4 m115.4 m175.9 m64.5 m

Accounts Payable

67.1 m104.3 m105.7 m117.3 m146.4 m88.7 m106 m73.7 m83.2 m

Cash From Operating Activities

231.4 m327.7 m86.1 m200.5 m315.4 m69.5 m158.9 m283.8 m142 m
USDY, 2017

Revenue/Employee

49.8 k

Financial Leverage

4.6 x
Show all financial metrics

KAR Auction Services Operating Metrics

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

Used Vehicles Sold

3.9 m4.4 m1.24 m1.27 m5.1 m1.41 m1.41 m

Auction Locations

6566666666667676777777

Auction Sites

168169171171171173173173172173174

Transactions

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

KAR Auction Services Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
DRIVINApril 19, 2017$43 m

KAR Auction Services Market Value History

KAR Auction Services Revenue Breakdown

Traffic Overview of KAR Auction Services

KAR Auction Services Company Life and Culture

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