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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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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!