OverviewSuggest Edit

KAR Global (formerly KAR Auction Services) is a company providing vehicle auction and related vehicle remarketing services through offline, online, digital, and mobile auction marketplaces. It offers vehicle auction, financing, remarketing, portfolio management, platform, and service solutions via multiple brands, such as ADESA, AutoVIN, DRIVIN, AFC, STRATIM, TradeRev, etc. The company serves automotive manufacturers, financial institutions, insurance companies, and dealer groups.
TypePublic
Founded2006
HQCarmel, US
Websitekarglobal.com
Employee Ratings3

Latest Updates

Employees (est.) (Dec 2019)11,322(-22%)
Job Openings216
Revenue (FY, 2019)$2.8 B(-26%)
Share Price (Nov 2020)$17.3 (-2%)
Cybersecurity ratingAMore

Key People/Management at KAR Global

James Hallett

James Hallett

Chairman and CEO
Peter Kelly

Peter Kelly

President
Chuck Coleman

Chuck Coleman

SVP, General Counsel & Secretary
Mark Endras

Mark Endras

Co-Founder & President, TradeRev
Tom Fisher

Tom Fisher

EVP and Chief Digital Officer
John Hammer

John Hammer

President, ADESA
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KAR Global Office Locations

KAR Global has offices in Carmel and New York
Carmel, US (HQ)
11299 N Illinois St
Show all (24)

KAR Global Financials and Metrics

KAR Global Revenue

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KAR Global's revenue was reported to be $2.78 b in FY, 2019 which is a 26.2% decrease from the previous period.
USD

Revenue (Q3, 2020)

593.6m

Net income (Q3, 2020)

47.1m

EBIT (Q3, 2020)

86.4m

Market capitalization (20-Nov-2020)

2.3b

Closing stock price (20-Nov-2020)

17.3

Cash (30-Sept-2020)

1.3b

EV

3.3b
KAR Global's current market capitalization is $2.3 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

3.5b3.8b2.8b

Revenue growth, %

10%9%(26%)

Cost of goods sold

2.0b2.1b1.6b

Gross profit

1.5b1.6b1.2b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

950.5m956.6m933.5m1.0b719.1m701.9m645.5m593.6m

Cost of goods sold

535.0m531.3m533.2m612.3m417.4m410.9m

Gross profit

415.5m425.3m400.3m434.5m301.7m291.0m

Gross profit Margin, %

44%44%43%42%42%41%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

317.2m337.1m507.6m

Accounts Receivable

725.5m765.6m457.5m

Current Assets

3.1b3.3b3.2b

PP&E

908.2m976.2m609.0m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

362.0m328.0m92.4m

Depreciation and Amortization

264.6m269.9m188.7m

Accounts Payable

26.8m145.8m19.8m

Cash From Operating Activities

588.8m749.8m542.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

90.0m183.2m260.7m77.8m133.4m168.7m2.8m(29.5m)17.6m

Depreciation and Amortization

70.3m137.2m202.8m66.1m92.2m138.6m47.7m94.2m140.7m

Accounts Payable

225.3m172.4m216.5m136.2m127.4m51.0m(333.5m)265.3m228.8m

Cash From Operating Activities

152.3m386.7m585.8m93.7m161.7m291.1m(49.2m)268.9m431.9m
USDFY, 2017

EV/EBIT

16.2 x

EV/CFO

15.6 x

Revenue/Employee

256.6k

Debt/Equity

1.8 x

Debt/Assets

0.4 x

Financial Leverage

4.7 x

P/E Ratio

7.3
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KAR Global Operating Metrics

FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019

Auction Locations

77 77 77 75 75 75 75 75 75 75 74 74 74

Auction Sites

172 173 174 174 175 175 177 178 179 179

Transactions

1.72 m456 k416 k402 k1.69 m464 k435 k433 k1.76 m461 k437 k442 k1.78 m

Used Vehicles Sold

5.10 m1.41 m1.41 m5.50 m6 m
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KAR Global Acquisitions / Subsidiaries

Company NameDateDeal Size
CarsOnTheWebNovember 28, 2018€91 m
ClearplanNovember 13, 2018
STRATIMFebruary 07, 2018
TradeRevOctober 03, 2017
DRIVINApril 19, 2017$43 m
ADESA FlintNovember 15, 2016
GRS RemarketingJune 01, 2016
AutoniqJune 01, 2015
MobileTracJune 01, 2015
Preferred WarrantieJune 01, 2013
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KAR Global Revenue Breakdown

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KAR Global revenue breakdown by business segment: 12.7% from AFC and 87.3% from ADESA Auctions

KAR Global revenue breakdown by geographic segment: 18.5% from Foreign and 81.5% from US

KAR Global Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

SecurityScorecard logo

KAR Global Online and Social Media Presence

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KAR Global News and Updates

KAR Global Announces $550 Million Strategic Investment Led by Funds Advised by Apax Partners

CARMEL, Ind. , May 26, 2020 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced the placement of $550 million in newly issued perpetual convertible preferred stock of KAR Global ("KAR")....

KAR Auction Services, Inc. to Announce Second Quarter 2019 Earnings

CARMEL, Ind., July 23, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) announced today that it will be releasing its second quarter 2019 earnings on Tuesday, August 6, 2019. KAR Auction Services, Inc. will also be hosting an earnings conference call and webcast on Wednesday,...

KAR Auction Services, Inc. Reports First Quarter 2019 Financial Results

CARMEL, Ind., May 7, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its first quarter financial results for the period ended March 31, 2019. For the first quarter of 2019, the company reported revenue of $1,046.8 million as compared with revenue of $950.5...

Starboard takes new position in KAR Auction Services

Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm's founder Jeffrey Smith said at a conference on Tuesday.

UPDATE 2-Starboard takes new position in KAR Auction Services

Activist investment firm Starboard Value has taken a new position in KAR Auction Services , the firm's founder Jeffrey Smith said at a conference on Tuesday.

Starboard Value's Jeff Smith announces new stake in KAR Auction Services

Starboard Value CEO Jeffrey Smith spoke at 13D Monitor's 2019 Active-Passive Investor Summit in New York on Tuesday.
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KAR Global Blogs

KAR Global’s Mesa Office Donates Bikes to Local Military and Families in Need

The employees at the Mesa, Arizona, office of KAR Global collected bicycles for the children of military families at Luke Air Force Base and of local families in need through the Maag Toy Foundation. Now in its sixth year, the “My First Wheels” bicycle drive aims to provide 300 bikes to kids this ho…

3 Ways ADESA VirtuaLane Multisite Technology Is a Game Changer for the Auto Auction Industry

If you’ve ever been to a traditional used vehicle auction, you know it’s quite the sensory overload. Auction drivers simultaneously run vehicles for sale through several lanes one by one, as auctioneers and ring persons enthusiastically call attention to vehicle features and current bid prices — all…

ADESA’s Intelligent Vehicle Inspection (IVI) remarketing solution wins coveted GreenFleet Award for IT Innovation

ADESA UK won the prestigious IT Innovation Award at the 2019 GreenFleet Awards for its Intelligent Vehicle Inspection (IVI) solution, which helps to reduce carbon emissions during the remarketing of defleeted cars. The annual awards acknowledge and reward the pioneering contributions made by compani…

Mobility in an Uncertain Economy

At STRATIM, we spend a lot of time thinking about the mobility industry—the world of ride-sharing, car-sharing, scooters, bikes and self-driving cars. As part of the KAR Global family of companies, we have an even bigger-picture view of the world of automotive. In the mobility space over the past fe…

Recovery Database Network and Clearplan Launch Industry-Leading Geostamping Capability and Updates to Platforms

Powered by Data, Enhancements Add Transparency and Efficiency to Repossession Process Recovery Database Network (RDN) and Clearplan, two business units of global vehicle remarketing and technology solutions provider KAR Auction Services d/b/a KAR Global (NYSE: KAR), announce key platform enhancement…

Preferred Warranties Inc. Adds Ride-Share Coverage to Vehicle Protection Plans

Other Changes Include Expanded Terms, Coverage and New Underwriter Preferred Warranties Inc. (PWI), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services d/b/a KAR Global (NYSE: KAR), announces it has added ride-share coverage to its vehicle service con…
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KAR Global Frequently Asked Questions

  • When was KAR Global founded?

    KAR Global was founded in 2006.

  • Who are KAR Global key executives?

    KAR Global's key executives are James Hallett, Peter Kelly and Chuck Coleman.

  • How many employees does KAR Global have?

    KAR Global has 11,322 employees.

  • What is KAR Global revenue?

    Latest KAR Global annual revenue is $2.8 b.

  • What is KAR Global revenue per employee?

    Latest KAR Global revenue per employee is $245.7 k.

  • Who are KAR Global competitors?

    Competitors of KAR Global include Cox Enterprises, ACV Auctions and BacklotCars.

  • Where is KAR Global headquarters?

    KAR Global headquarters is located at 11299 N Illinois St, Carmel.

  • Where are KAR Global offices?

    KAR Global has offices in Carmel and New York.

  • How many offices does KAR Global have?

    KAR Global has 24 offices.