Adesa parent increases revenue, profit
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.
KAR Auction Services
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Adesa parent turns profit, beats expectations
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.
UPDATE: KAR Auction IPO raises less than hoped
The 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.
Adesa parent turns profit on lower revenue
Carmel-based KAR Auction Services Inc. on Monday said the company turned a profit in the third quarter, although revenue decreased
slightly.
Ex-execs return to Adesa
Less 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.