KAR Auction Services Inc (N:KAR)

Sector:  Consumer Cyclicals Industry:  Auto Vehicles, Parts & Service Retailers
See Regulatory Filings on SEC
Company Contact
Address: 11299 Illinois St
CARMEL IN 46032-8887
Tel: 1-317-2494559
Website: karauctionservices.com
IR: See website
Key People
James P. Hallett
Chairman of the Board, Chief Executive Officer
Michelle Bray
Chief Privacy Officer
Peter J. Kelly
Eric M. Loughmiller
Chief Financial Officer, Executive Vice President
John C. Hammer
President of ADESA
John W. Kett
Chief Executive Officer and President of Insurance Auto Auctions, Inc
James E. Money
President of AFC
Lisa Ann Price
Chief People Officer
Thomas J. Fisher
Executive Vice President, Chief Information Officer
Benjamin Skuy
Executive Vice President - International Markets and Strategic Initiatives
Business Overview
KAR Auction Services, Inc. is a provider of whole car auction services in North America. The Company operates through two segments: ADESA, Inc. (ADESA Auctions or ADESA) and Automotive Finance Corporation (AFC). The ADESA segment is a provider of whole car auctions and related services to the vehicle remarketing industry in North America. It serves its customer base through online auctions and auction facilities that are developed and located to draw professional sellers and buyers together, and allow the buyers to inspect and compare vehicles remotely or in person. The AFC segment provides floorplan financing to independent used vehicle dealers. Its online service offerings include ADESA.com, LiveBlock and DealerBlock that allows users to offer vehicles for sale from any location.
Financial Overview
For the fiscal year ended 31 December 2019, KAR Auction Services Inc revenues increased 14% to $2.78B. Net income before extraordinary items decreased 21% to $92.4M. Revenues reflect Purchased vehicle sales increase from $116.8M to $295.5M, Auction fees and services revenue increase of 7% to $2.13B, Finance-related revenue increase of 4% to $352.9M. Net income was offset by Selling, General and Administrative increase of 9% to $662M (expense).
Employees: 18,400 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $4,358M as of Dec 31, 2019
Annual revenue (TTM): $2,782M as of Dec 31, 2019
EBITDA (TTM): $524.60M as of Dec 31, 2019
Net annual income (TTM): $92.40M as of Dec 31, 2019
Free cash flow (TTM): $216.10M as of Dec 31, 2019
Net Debt Last Fiscal Year: $1,383M as of Dec 31, 2019
Shares outstanding: 128,863,820 as of Feb 14, 2020
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization