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: https://www.karglobal.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
James E. Money
President of AFC
Thomas J. Fisher
Executive Vice President, Chief Information Officer
Lisa Ann Price
Executive Vice President, Chief People Officer
Benjamin Skuy
Executive Vice President - International Markets and Strategic Initiatives
Charles S. Coleman
Senior Vice President, General Counsel, Secretary
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 six months ended 30 June 2020, KAR Auction Services Inc revenues decreased 24% to $1.06B. Net loss applicable to common stockholders excluding extraordinary items totaled $31.6M vs. income of $42.7M. Revenues reflect ADESA Auctions segment decrease of 25% to $929.2M, AFC segment decrease of 23% to $135.3M, United States segment decrease of 25% to $865.4M, Other Foreign segment decrease of 20% to $199.1M.
Employees: 15,300 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $3,404M as of Jun 30, 2020
Annual revenue (TTM): $2,438M as of Jun 30, 2020
EBITDA (TTM): $415.50M as of Jun 30, 2020
Net annual income (TTM): $18.10M as of Jun 30, 2020
Free cash flow (TTM): $290.00M as of Jun 30, 2020
Net Debt Last Fiscal Year: $915.30M as of Jun 30, 2020
Shares outstanding: 129,227,519 as of Jul 31, 2020
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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