PROXY CORNER: KAR Auction Services Inc.

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. In the six months ended June 30, 2013, KAR (karauctionservices.com) earned $62.5 million, or 45 cents per share, on revenue of $1.1 billion. That compares with earnings of $49.9 million, or 36 cents per share, on $994.8 million in revenue in the period a year earler. KAR shares trade on the New York Stock Exchange under the ticker KAR. Information for Proxy Corner came from Yahoo Finance and the company’s proxy statement dated April 30, 2013.

View full Proxy Corner feature

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.

{{ articles_remaining }}
Free {{ article_text }} Remaining
{{ articles_remaining }}
Free {{ article_text }} Remaining Article limit resets on
{{ count_down }}