Auto auctioneer invests big in tech as sales go online
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.
KAR Auction Services
Articles
KAR Auction Services riding the wave of auto recovery
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.
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.
KAR Auction Services announces secondary offering
KAR Auction Services Inc. said Monday that there will be a secondary offering of 13 million shares of its common stock.
KAR Auction Services declares first dividend
Carmel-based KAR Auction Services Inc. is declaring its first quarterly dividend since going public in December 2009.
KAR stock falls after private-equity deal reported dead
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.
PROXY CORNER: KAR Auction Services Inc.
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.
KAR Auction Services mum on leveraged buyout talk
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.
Largest Indiana public companies mostly fared well in 2011
Performance varied widely as industries ebbed, flowed.
KAR Auction revenue up, profit down
Carmel-based KAR Auction Services Inc. saw revenue climb but profit shrink in the first quarter, the company said Monday.
KAR Auction reports higher earnings, profit
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.
Slower sales curb results at Adesa parent
Carmel-based KAR Auction Services suffered a 16-percent decline in its adjusted profit, missing analyst expectations.
PROXY CORNER: KAR Auction Services Inc.
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.
Adesa to acquire online auction firm for $210M
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.
KAR Auctions reports $14M quarterly loss
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.
Auction services firm improves revenue, profit
The parent company of the Adesa auto auction firm more than quadrupled its first-quarter profit on revenue that increased 5 percent.
KAR Auction plans to refinance with $1.5B term loan
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.
Auto auctioneer KAR sees quarterly profit surge
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.
KAR plans to add 249 jobs in Carmel expansion
KAR Auction Services Inc. announced Monday night that it plans to expand its Carmel headquarters, creating up to 249 jobs by 2015.
KAR Auction reports higher profit, revenue
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.