KAR Auction Services

KAR Auction Services makes $30M acquisition

August 6, 2014
 IBJ Staff
Carmel-based KAR Auction Services Inc., which released a solid quarterly earnings report Tuesday, acquired a 50-percent stake in Toronto-based Nth Gen Software Inc., which makes the TradeRev automotive remarketing system.
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INDIANA 100: Indiana public companies turned in contrasting performancesRestricted Content

June 21, 2014
Kathleen McLaughlin, Chris O'Malley, Scott Olson, Anthony Schoettle
Profit shot up for some, while others fought setbacks.
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KAR Auction's profit sinks but exceeds expectations

May 5, 2014
 IBJ Staff
Carmel-based KAR Auction Services  Inc. saw profit drop 29 percent in the first quarter due to costs associated with refinancing debt, the company reported Monday afternoon.
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Auto auctioneer invests big in tech as sales go online

March 6, 2014
Dan Human
KAR Auction Services Inc. expects to spend as much as $125 million on technology this year as its focus continues to shift to the Web and apps.
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KAR Auction Services riding the wave of auto recoveryRestricted Content

October 5, 2013
Greg Andrews
Early investors in KAR Auction Services are looking savvy. Since November 2012, KAR shares have marched steadily higher, rising from $12.25 to nearly $29.
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PROXY CORNER: KAR Auction Services Inc.Restricted Content

September 28, 2013
 IBJ Staff
KAR Auction Services Inc., 13085 Hamilton Crossing Blvd., Carmel 46032, is the holding company for ADESA Inc., which operates used-vehicle auctions at 67 locations; Insurance Auto Auctions Inc., which operates salvage auctions at 163 locations; and Automotive Finance Corp., which provides floorplan financing at 104 locations.
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KAR Auction Services announces secondary offering

March 4, 2013
Associated Press
KAR Auction Services Inc. said Monday that there will be a secondary offering of 13 million shares of its common stock.
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KAR Auction Services declares first dividend

November 30, 2012
Associated Press
Carmel-based KAR Auction Services Inc. is declaring its first quarterly dividend since going public in December 2009.
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KAR stock falls after private-equity deal reported dead

November 13, 2012
Bloomberg News
KAR 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.
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PROXY CORNER: KAR Auction Services Inc.Restricted Content

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.
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KAR Auction Services mum on leveraged buyout talk

August 24, 2012
Chris O'Malley
Carmel-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.
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Largest Indiana public companies mostly fared well in 2011Restricted Content

June 16, 2012
Performance varied widely as industries ebbed, flowed.
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KAR Auction revenue up, profit down

May 8, 2012
 IBJ Staff
Carmel-based KAR Auction Services Inc. saw revenue climb but profit shrink in the first quarter, the company said Monday.
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KAR 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.
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Slower sales curb results at Adesa parent

November 3, 2011
J.K. Wall
Carmel-based KAR Auction Services suffered a 16-percent decline in its adjusted profit, missing analyst expectations.
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PROXY CORNER: KAR Auction Services Inc.Restricted Content

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.
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Adesa 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.
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KAR Auctions reports $14M quarterly loss

August 9, 2011
Associated Press
Carmel-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.
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Auction services firm improves revenue, profit

May 4, 2011
 IBJ Staff
The parent company of the Adesa auto auction firm more than quadrupled its first-quarter profit on revenue that increased 5 percent.
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KAR Auction plans to refinance with $1.5B term loan

April 26, 2011
Bloomberg News
KAR 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.
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Auto auctioneer KAR sees quarterly profit surge

February 24, 2011
J.K. Wall
Carmel-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.
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KAR plans to add 249 jobs in Carmel expansion

November 15, 2010
 IBJ Staff
KAR Auction Services Inc. announced Monday night that it plans to expand its Carmel headquarters, creating up to 249 jobs by 2015.
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KAR 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.
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Adesa parent increases revenue, profit

May 6, 2010
 IBJ Staff
Carmel-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.
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Adesa parent turns profit, beats expectations

February 26, 2010
Scott Olson
KAR 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.
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  1. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  2. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

  3. Good try, Mr. Irwin, but I think we all know the primary motivation for pursuing legal action against the BMV is the HUGE FEES you and your firm expect to receive from the same people you claim to be helping ~ taxpayers! Almost all class action lawsuits end up with the victim receiving a pittance and the lawyers receiving a windfall.

  4. Fix the home life. We're not paying for your child to color, learn letters, numbers and possible self control. YOU raise your children...figure it out! We did. Then they'll do fine in elementary school. Weed out the idiots in public schools, send them well behaved kids (no one expects perfection) and watch what happens! Oh, and pray. A mom.

  5. To clarify, the system Cincinnati building is just a streetcar line which is the cheapest option for rail when you consider light rail (Denver, Portland, and Seattle.) The system (streetcar) that Cincy is building is for a downtown, not a city wide thing. With that said, I think the bus plan make sense and something I shouted to the rooftops about. Most cities with low density and low finances will opt for BRT as it makes more financial and logistical sense. If that route grows and finances are in place, then converting the line to a light rail system is easy as you already have the protected lanes in place. I do think however that Indy should build a streetcar system to connect different areas of downtown. This is the same thing that Tucson, Cincy, Kenosha WI, Portland, and Seattle have done. This allows for easy connections to downtown POI, and allows for more dense growth. Connecting the stadiums to the zoo, convention center, future transit center, and the mall would be one streetcar line that makes sense.

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