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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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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.