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KAR Auction Services
KAR Auction Services announces secondary offering
March 4, 2013
Associated PressKAR Auction Services Inc. said Monday that there will be a secondary offering of 13 million shares of its common stock.
MoreKAR Auction Services declares first dividend
November 30, 2012
Associated PressCarmel-based KAR Auction Services Inc. is declaring its first quarterly dividend since going public in December 2009.
MoreKAR stock falls after private-equity deal reported dead
November 13, 2012
Bloomberg NewsKAR Auction Services Inc. stock took its biggest daily drop in more than three months Tuesday after Reuters reported the provider
of wholesale vehicle auction services ended talks to sell itself to private-equity firm Clayton Dubilier & Rice LLC.
MorePROXY CORNER: KAR Auction Services Inc.
September 29, 2012
KAR Auction Services Inc. is the holding company for ADESA Inc., which operates used-vehicle auctions at 68 locations, Insurance
Auto Auctions Inc., which operates salvage auctions at 161 locations, and Automotive Finance Corp., which provides floorplan
financing at 104 locations.
MoreKAR Auction Services mum on leveraged buyout talk
August 24, 2012
Chris O'MalleyCarmel-based KAR Auction Services Inc. isn’t commenting on a report by Reuters that it is talking with private equity
firms about taking the company private for the third time in its 30-year history.
MoreLargest Indiana public companies mostly fared well in 2011
June 16, 2012
Performance varied widely as industries ebbed, flowed.
MoreKAR Auction revenue up, profit down
May 8, 2012
IBJ StaffCarmel-based KAR Auction Services Inc. saw revenue climb but profit shrink in the first quarter, the company said Monday.
MoreKAR Auction reports higher earnings, profit
February 27, 2012
Carmel-based KAR Auction Services Inc. on Monday said it doubled its profit in the fourth quarter compared to
the same quarter of the previous year.
MoreSlower sales curb results at Adesa parent
November 3, 2011
J.K. WallCarmel-based KAR Auction Services suffered a 16-percent decline in its adjusted profit, missing analyst expectations.
MorePROXY CORNER: KAR Auction Services Inc.
September 17, 2011
Carmel-based KAR Auction Services Inc. is the holding company for ADESA Inc., which operates used-vehicle auctions at 70 locations,
Insurance Auto Auctions Inc., which operates salvage auctions at 159 locations, and Automotive Finance Corp., which provides
floor-plan financing at 89 locations.
MoreAdesa to acquire online auction firm for $210M
August 16, 2011
Adesa said it plans to acquire Redwood City, Calif.-based OpenLane Inc. for $210 million in cash. OpenLane expects to sell
more than 300,000 vehicles to dealers this year and generate about $100 million in revenue.
MoreKAR Auctions reports $14M quarterly loss
August 9, 2011
Associated PressCarmel-based used and salvaged vehicle auctioneer KAR Auction Services, Inc. said it lost $14.3 million in the second quarter
due to the early payoff of debt.
MoreAuction services firm improves revenue, profit
May 4, 2011
IBJ StaffThe parent company of the Adesa auto auction firm more than quadrupled its first-quarter profit on revenue that increased
5 percent.
MoreKAR Auction plans to refinance with $1.5B term loan
April 26, 2011
Bloomberg NewsKAR Auction Services Inc., a provider of vehicle-auction services, is seeking to refinance existing debt with a $1.5 billion
senior secured term loan and a $250 million senior secured revolving credit facility.
MoreAuto auctioneer KAR sees quarterly profit surge
February 24, 2011
J.K. WallCarmel-based KAR Auction Services Inc. announced Wednesday that it pulled in profit of $7.3 million in the three months ended
Dec. 31, a 38-percent jump from the $5.3 million earned in the same quarter the prior year.
MoreKAR plans to add 249 jobs in Carmel expansion
November 15, 2010
IBJ StaffKAR Auction Services Inc. announced Monday night that it plans to expand its Carmel headquarters, creating up to 249 jobs
by 2015.
MoreKAR Auction reports higher profit, revenue
November 4, 2010
The auction company had revenue of $445.3 million in the quarter ended Sept. 30, a 4-percent increase from same quarter of
2009. Profit tripled, to $25.6 million.
MoreAdesa parent increases revenue, profit
May 6, 2010
IBJ StaffCarmel-based KAR Auction Services Inc. on Wednesday reported a first-quarter profit of $8.1 million, reversing a $3.5 million
loss in the same period last year.
MoreAdesa parent turns profit, beats expectations
February 26, 2010
Scott OlsonKAR Auction Services reported a profit of $5.3 million in the fourth quarter after sustaining a loss in the same period in
2008. The company's CEO attributed the turnaround to several factors, including the completion of an initial public offering.
MoreUPDATE: KAR Auction IPO raises less than hoped
December 10, 2009
Associated PressThe Carmel-based auctioneer had expected to raise $340.9 million through its IPO, but the company said it would sell 25 million
common shares at $12 each for total proceeds of $300 million.
MoreAdesa parent turns profit on lower revenue
November 10, 2009
Carmel-based KAR Auction Services Inc. on Monday said the company turned a profit in the third quarter, although revenue decreased
slightly.
MoreEx-execs return to Adesa
May 21, 2007
Chris O'MalleyLess than two years after being driven out of Adesa Inc. as unceremoniously as a Buick down its auction lanes, James Hallett
is back behind the wheel of the nation's No. 2 wholesale vehicle-auction company.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.