KAR Auction Services Inc (N:KAR)

Nov 14, 2019 06:57 am ET
Preferred Warranties Inc. Adds Ride-Share Coverage to Vehicle Protection Plans
CARMEL, Ind., Nov. 14, 2019 /PRNewswire/ -- Preferred Warranties Inc. (PWI), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services d/b/a KAR Global (NYSE: KAR), announces it has added ride-share coverage to its vehicle service contract offerings. These new ride-share options support consumers participating in the burgeoning mobility market. The additional offering and other enhancements to plan coverage and terms align with the introduction of a new underwriter for PWI — Assurant. Rated an "A" by AM Best Ratings, the Assurant partnership brings ...
Nov 12, 2019 07:00 am ET
ADESA VirtuaLane® Multisite Support Integrated into Marketplace Mobile App
CARMEL, Ind., Nov. 12, 2019 /PRNewswire/ -- https://www.traderev.com/en/ ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, d/b/a KAR Global (NYSE: KAR), announces the full integration of ADESA VirtuaLane® multisite capabilities in ADESA's Marketplace mobile app. Marketplace users can now view and bid on all vehicles offered on VirtuaLane multisite events from all 26 ADESA auction sites that host these virtual-only sales across North America. ADESA sellers are exposed to a broader buyer base and buyers have access to expanded inventor...
Nov 07, 2019 03:30 pm ET
KAR Global Announces Participation in Upcoming Investor Conference
CARMEL, Ind., Nov. 7, 2019 /PRNewswire/ -- KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference:...
Nov 05, 2019 03:18 pm ET
KAR Auction Services, Inc. Reports Third Quarter 2019 Financial Results
CARMEL, Ind., Nov. 5, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its third quarter financial results for the period ended September 30, 2019. For the third quarter of 2019, the company reported revenue from continuing operations of $701.9 million as compared with revenue from continuing operations of $612.4 million for the third quarter of 2018, an increase of 15%. Net income from continuing operations for the third quarter of 2019 increased 11% to $34.4 million, or $0.26 per diluted share, as compared with net income from continuing operations of $30.9 milli...
Oct 22, 2019 04:15 pm ET
KAR Global to Announce Third Quarter 2019 Earnings
CARMEL, Ind., Oct. 22, 2019 /PRNewswire/ -- KAR Global (NYSE: KAR) announced today that it will be releasing its third quarter 2019 earnings on Tuesday, November 5, 2019.  ...
Oct 21, 2019 04:15 pm ET
KAR Global Announces Board of Director Additions That Include Leaders in the Automotive, Financial and Technology Industries
CARMEL, Ind., Oct. 21, 2019 /PRNewswire/ -- KAR Auction Services Inc. d/b/a KAR Global (NYSE: KAR) announces three additions to its board of directors — expanding board diversity and cross-industry expertise. Stefan Jacoby has more than 30 years of automotive industry experience, most recently in mobility ventures. Over his 20-year career, David DiDomenico has managed investment portfolios at various financial firms. Mary Ellen Smith brings extensive knowledge of global operations and digital transformation from her 20 years at Microsoft and Hewlett-Packard....
Sep 30, 2019 08:15 am ET
KAR Auction Services Rebrands as KAR Global
CARMEL, Ind., Sept. 30, 2019 /PRNewswire/ -- KAR Auction Services Inc. (NYSE: KAR) announces that it has rebranded and will begin doing business as "KAR Global." The move comes after several years of rapid geographic expansion across North America and Europe and the company's acquisition and development of new technology and data-driven products, services and capabilities. Headquartered in the heart of the Midwest's innovation and technology corridor, KAR Global has more than 200 operating locations in ten countries and customers in over 75 countries. KAR Global will continue to trade on the...
Sep 06, 2019 06:00 pm ET
S&P Dow Jones Indices Announces Nine Companies Set to Join S&P MidCap 400; Ten Companies to Join S&P SmallCap 600
NEW YORK, Sept. 6, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following index adjustments to the S&P MidCap 400 and S&P SmallCap 600 to ensure each index more appropriately represents its market capitalization range. The changes will be effective prior to the open of trading on Monday, September 23 to coincide with the September rebalance. ...
Aug 28, 2019 04:15 pm ET
KAR Auction Services Announces Participation in Upcoming Investor Conference
CARMEL, Ind., Aug. 28, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference:...
Aug 27, 2019 09:00 am ET
ADESA Launches Industry-Leading Recommendations Carousel on ADESA.com
CARMEL, Ind., Aug. 27, 2019 /PRNewswire/ -- ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services Inc. (NYSE: KAR), announces the launch of the industry's first personalized vehicle Recommendations carousel for used-vehicle dealers. Available to eligible subscribing customers on ADESA.com, the Recommendations carousel provides unique, real-time buying recommendations tailored for each individual dealer directly on their ADESA.com home page. This new capability was developed over the past several years by DRIVIN, KAR's data science subsidi...
Aug 07, 2019 04:15 pm ET
KAR Auction Services Announces Participation in Upcoming Investor Conference
CARMEL, Ind., Aug. 7, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference:...
Aug 06, 2019 04:15 pm ET
KAR Auction Services, Inc. Reports Second Quarter 2019 Financial Results
CARMEL, Ind., Aug. 6, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its second quarter financial results for the period ended June 30, 2019. For the second quarter of 2019, the company reported revenue from continuing operations of $719.1 million as compared with revenue from continuing operations of $623.4 million for the second quarter of 2018, an increase of 15%. Net income from continuing operations for the second quarter of 2019 decreased 27% to $27.4 million, or $0.20 per diluted share, as compared with net income from continuing operations of $37.4 millio...
Jul 23, 2019 04:15 pm ET
KAR Auction Services, Inc. to Announce Second Quarter 2019 Earnings
CARMEL, Ind., July 23, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) announced today that it will be releasing its second quarter 2019 earnings on Tuesday, August 6, 2019.  ...
Jul 10, 2019 09:20 am ET
TradeRev Integrates "Buy Now" and "Third Party Inspected" Features, Further Improves Dealer In-App End-to-End Experience
CARMEL, Ind., July 10, 2019 /PRNewswire/ -- TradeRev, a digital platform that facilitates live, dealer-to-dealer vehicle auctions, has integrated two new in-app features, Buy Now and Third Party Inspected, and launched key performance and usability enhancements. TradeRev, a business unit of global remarketing and technology solutions provider KAR Auction Services Inc. (NYSE: KAR), activated the enhancements to enable greater access to trades, increase buyer confidence and improve the dealer experience end-to-end....
Jun 28, 2019 10:03 am ET
IAA Completes Separation From KAR Auction Services
IAA, Inc. (NYSE: IAA) (“IAA”) today announced the successful completion of its separation from KAR Auction Services, Inc. (NYSE: KAR) (“KAR”). IAA’s common stock will begin trading “regular-way” today on the New York Stock Exchange under the symbol “IAA.”
May 22, 2019 02:51 pm ET
IAA Announces Pricing and Upsizing of Senior Notes Offering
CARMEL, Ind., May 22, 2019 /PRNewswire/ -- IAA Spinco Inc. (to be renamed IAA, Inc.) ("IAA") announced today that it has priced its previously announced offering of 5.500% senior notes due 2027 (the "notes"), in connection with the previously announced spin-off of IAA from KAR Auction Services, Inc. (NYSE: KAR) ("KAR"). The size of the offering has been increased from $400 million to $500 million....
May 21, 2019 09:00 am ET
Recovery Database Network Launches Industry-First All-in-One Solution for Tracking Repossession Status
CARMEL, Ind., May 21, 2019 /PRNewswire/ -- Recovery Database Network (RDN), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announces the launch of an industry-first, all-in-one solution that enables recovery agents and automotive lenders to seamlessly track — in real-time — the repossession status of a vehicle in a single environment. RDN's new On-Hook Status feature fully integrates Clearplan data, enabling lenders to be notified instantly that the repossession is complete, at no additional cost to lenders or recovery ...
May 20, 2019 07:47 am ET
IAA Announces Proposed Senior Notes Offering
CARMEL, Ind., May 20, 2019 /PRNewswire/ -- IAA Spinco Inc. (to be renamed IAA, Inc.) ("IAA") announced today that it plans to offer, subject to market conditions, $400 million aggregate principal amount of senior notes due 2027 (the "notes"), in connection with the previously announced spin-off of IAA from KAR Auction Services, Inc. (NYSE: KAR) ("KAR"). ...
May 14, 2019 09:12 am ET
OPENLANE® Celebrates Two Decades of Pioneering Upstream Remarketing
CARMEL, Ind., May 14, 2019 /PRNewswire/ -- KAR Auction Services, Inc., announces the 20-year anniversary of OPENLANE®, the world's largest, most trusted and most utilized upstream remarketing platform for OEM, captive finance, financial institution and fleet customers. OPENLANE provides data analytics and comprehensive technology solutions for more than 40 upstream marketplaces supporting 80 percent of North America's private label brands. OPENLANE was acquired by KAR Auction Services (NYSE:KAR) in 2011, and over the last 12 months, has facilitated the sale of more than one million vehicles ...
May 07, 2019 05:23 pm ET
KAR Auction Services, Inc. Reports First Quarter 2019 Financial Results
CARMEL, Ind., May 7, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its first quarter financial results for the period ended March 31, 2019. For the first quarter of 2019, the company reported revenue of $1,046.8 million as compared with revenue of $950.5 million for the first quarter of 2018, an increase of 10%. Net income for the first quarter of 2019 decreased 14% to $77.8 million, or $0.58 per diluted share, as compared with net income of $90.0 million, or $0.66 per diluted share, in the first quarter of 2018. Adjusted EBITDA for the quarter ended March 31, 2...
Apr 23, 2019 04:15 pm ET
KAR Auction Services, Inc. to Announce First Quarter 2019 Earnings
CARMEL, Ind., April 23, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) announced today that it will be releasing its first quarter 2019 earnings on Tuesday, May 7, 2019.  ...
Apr 18, 2019 12:00 pm ET
KAR Announces 2019 Jefferson Awards Recipient
CARMEL, Ind., April 18, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider announces its 2019 Jefferson Awards recipient, David Gonzalez. Multiplying Good, formerly The Jefferson Awards Foundation, is the nation's leading nonprofit organization dedicated to fueling personal growth and leadership through public service. In its inaugural year as a Multiplying Good Champion partner, KAR recognizes Gonzalez for his creation of and continued work with the "My First Wheels" bike donation program. ...
Apr 16, 2019 09:00 am ET
ADESA Enhances Speed and Ease of Auction Experience with Launch of ADESA Simulcast
CARMEL, Ind., April 16, 2019 /PRNewswire/ -- ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announces the launch of ADESA Simulcast, powered by Auction Frontier's VelocicastTM, a cloud-based auction simulcast solution. ADESA, working with Auction Frontier, is transitioning from its current ADESA LiveBlock platform to the modernized, easier-to-use ADESA Simulcast, which is launching on ADESA.com, ADESA.ca and ADESA's mobile app....
Apr 10, 2019 09:00 am ET
IAA Continues Growth with Opening of Fourth Location in South Carolina
WESTCHESTER, Ill., April 10, 2019 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announces the opening of its fourth location in South Carolina to accommodate newly expanded customer volume needs. The new location, IAA Lexington, augments the company's footprint in South Carolina by 35 acres.  ...
Apr 01, 2019 04:15 pm ET
KAR Receives Favorable IRS Private Letter Ruling on Tax-Free Nature of Its Previously Announced Salvage Auction Business Spin-Off
CARMEL, Ind., April 1, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) announced today that it has received a favorable private letter ruling from the Internal Revenue Service (the "IRS") with respect to the tax-free status of its previously announced spin-off of its Insurance Auto Auctions ("IAA") salvage auction business. Details regarding the proposed spin-off were included in a press release issued on February 27, 2018....
Mar 27, 2019 09:00 am ET
IAA Invests in Innovation Hub at 1871 -- North America's Largest Tech Accelerator Center
WESTCHESTER, Ill., March 27, 2019 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services (NYSE: KAR), announces an insurance claims and remarketing industry first — its investment in an innovation hub at 1871, the largest technology incubator in North America. IAA Engine HouseTM will serve as an ideation and development center where employees can collaborate with educators, investors, mentors, technologists, buyers and sellers.  ...
Mar 06, 2019 08:15 am ET
Detailed Research: Economic Perspectives on KAR Auction Services, Spectrum Brands, Vertex Pharmaceuticals, The Kraft Heinz, comScore, and Retrophin — What Drives Growth in Today's Competitive Landscap
In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders, and shareholders of KAR Auction Services, Inc (NYSE:KAR), Spectrum Brands Holdings Inc. (NYSE:SPB),...
Feb 19, 2019 03:15 pm ET
KAR Auction Services, Inc. Reports 2018 Financial Results
CARMEL, Ind., Feb. 19, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its fourth quarter financial results for the period ended December 31, 2018. For the fourth quarter of 2018, the company reported revenue of $929.0 million as compared with revenue of $890.4 million for the fourth quarter of 2017, an increase of 4%. Net income for the fourth quarter of 2018 decreased 61% to $67.3 million, or $0.50 per diluted share, as compared with net income of $172.8 million, or $1.27 per diluted share, in the fourth quarter of 2017. Adjusted EBITDA for the quarter ended Dec...
Feb 05, 2019 03:15 pm ET
KAR Auction Services, Inc. to Announce Fourth Quarter and Full Year 2018 Earnings
CARMEL, Ind., Feb. 5, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) announced today that it will be releasing its fourth quarter and full year 2018 earnings on Tuesday, February 19, 2019.  ...
Jan 31, 2019 04:18 pm ET
KAR Finalizes Acquisition of Europe-based CarsOnTheWeb
CARMEL, Ind., Jan. 31, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global automotive remarketing and technology services company, announced the completion of its acquisition of Belgium-based CarsOnTheWeb (COTW). The acquisition advances KAR's international strategy and extends its North American and U.K.-based portfolio to Continental Europe. COTW provides a robust online wholesale vehicle auction marketplace that seamlessly connects OEMs, fleet owners, wholesalers and dealers in more than 50 countries. ...
Jan 25, 2019 03:15 pm ET
KAR Launches Suite of Data Science Capabilities Aimed at Optimizing Dealer Profitability
SAN FRANCISCO and CARMEL, Ind., Jan. 25, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global automotive remarketing and technology services provider, announced the launch of a pilot program for its Data as a Service (DaaS) suite of capabilities during the Auto Intel Council news conference at NADA Show 2019. Powered by DRIVIN, acquired by KAR in 2017, these new DaaS capabilities leverage data and technology from across the KAR platform and use proprietary algorithms to deliver clear, easy, actionable intelligence to dealers. By integrating data science, predictive analytics...
Jan 15, 2019 08:42 am ET
TradeRev Bolsters Bench Strength with New Hires and Promotions
CARMEL, Ind., Jan. 15, 2019 /PRNewswire/ -- TradeRev, North America's leading dealer-to-dealer digital auction platform, announced several key executive appointments in advance of their annual MOVE METAL® event at next week's National Auto Dealers Association Show 2019 Expo. Kayne Grau, formerly president of Data as a Service at TradeRev parent KAR Auction Services, Inc. (NYSE:KAR), has been hired as executive vice president, U.S. and commercial sales. Additionally, Keith Crerar has been named executive vice president, global operations and will oversee all dealer success efforts from regist...
Jan 15, 2019 07:20 am ET
New Research: Key Drivers of Growth for Tetraphase Pharmaceuticals, Olympic Steel, Belden, KAR Auction Services, BWX Technologies, and Sparton — Factors of Influence, Major Initiatives and Sustained P
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Tetraphase Pharmaceuticals, Inc. (NASDAQ:TTPH), Olympic Steel, Inc....
Jan 08, 2019 03:05 pm ET
Peter Kelly Named President of KAR Auction Services, Inc.
CARMEL, Ind., Jan. 8, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) a global automotive remarketing and technology services provider, announced the promotion of Peter Kelly to the newly created role of president. The appointment comes after several years of strategic investments and acquisitions that have broadly diversified the company's capabilities and expanded its global footprint. The move is aimed at aligning KAR's strategy and execution to streamline operational integrations, enhance product development, and accelerate growth. Kelly will report to Jim Hallett, chairman a...
Dec 11, 2018 08:00 am ET
KAR Strengthens Asset Recovery Capabilities with Consolidated Management Team
CARMEL, Ind., Dec. 11, 2018 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global automotive remarketing and technology services provider, announced a consolidated management team for its software as a service businesses Recovery Database Network (RDN) and recently acquired Reno, Nevada-based Clearplan. The integrated management team increases synergies for these complementary business units. The consolidation will enable the development and delivery of tools with increased convenience, accuracy and transparency for its asset recovery customers and automotive lenders....
Nov 28, 2018 05:30 am ET
KAR to Extend International Footprint with Acquisition of CarsOnTheWeb
Digital Wholesale Auction Platform to Anchor Company's European Operations and Expansion...
Nov 28, 2018 05:30 am ET
KAR to Extend International Footprint with Acquisition of CarsOnTheWeb
Digital Wholesale Auction Platform to Anchor Company's European Operations and Expansion...
Nov 27, 2018 03:15 pm ET
KAR Auction Services Announces Participation in Upcoming Investor Conference
CARMEL, Ind., Nov. 27, 2018 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference:...
Nov 06, 2018 03:15 pm ET
KAR Auction Services, Inc. Reports Third Quarter 2018 Financial Results
CARMEL, Ind., Nov. 6, 2018 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its third quarter financial results for the period ended September 30, 2018. For the third quarter of 2018, the company reported revenue of $933.5 million as compared with revenue of $843.0 million for the third quarter of 2017, an increase of 11%. Net income for the third quarter of 2018 increased 23% to $77.5 million, or $0.57 per diluted share, as compared with net income of $62.8 million, or $0.46 per diluted share, in the third quarter of 2017. Adjusted EBITDA for the quarter ended Septembe...
Oct 31, 2018 09:00 am ET
PAR Sets New Industry Standard with Launch of Platinum Compliance Portal
CARMEL, Ind., Oct. 31, 2018 /PRNewswire/ -- PAR North America (PAR) launches its new web-based self-service portal with real-time access to PAR's compliance data and the compliance data of more than 600 vehicle recovery vendors across the U.S. PAR is a leading provider of vehicle transition services in the U.S. with coast-to-coast solutions for recovery management, skip tracing, remarketing and title services. The newly launched Platinum Compliance offers the vehicle recovery industry's newest, most extensive compliance, due diligence, and transparency tool in one easy-to-use dashboard.  ...
Oct 29, 2018 07:40 am ET
Analysis: Positioning to Benefit within Neogen, KAR Auction Services, Apogee Enterprises, Microsoft, MBIA, and Crane — Research Highlights Growth, Revenue, and Consolidated Results
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Neogen Corporation (NASDAQ:NEOG), KAR Auction Services, Inc (NYSE:KAR),...
Oct 23, 2018 04:15 pm ET
KAR Auction Services, Inc. to Announce Third Quarter 2018 Earnings
CARMEL, Ind., Oct. 23, 2018 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) announced today that it will be releasing its third quarter 2018 earnings on Tuesday, November 6, 2018. ...
Oct 17, 2018 09:00 am ET
TradeRev Unveils New MOVE METAL® Service Options and TradeReady(sm) Seller Protection
CARMEL, Ind., Oct. 17, 2018 /PRNewswire/ -- TradeRev, North America's leading dealer-to-dealer digital auction platform, announced the release of the company's new MOVE METAL® service options for sellers. The offering includes three customized tiers ranging from self-service to full-service, all aimed at helping dealers sell unwanted inventory faster and easier. Also offered is the company's new TradeReadysm seller protection, an optional service that guarantees no post-sale returns or arbitrations. All service levels include access to TradeRev's mobile app and desktop marketplace that facil...
Oct 08, 2018 07:45 am ET
Market Trends Toward New Normal in Ellington Financial, InfraREIT, Itron, KAR Auction Services, Cambrex, and American States Water — Emerging Consolidated Expectations, Analyst Ratings
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Ellington Financial LLC (NYSE:EFC), InfraREIT, Inc. (NYSE:HIFR), Itron,...
Sep 27, 2018 10:30 am ET
IAA Expands Launch of Industry-First Mobile App to Accelerate Catastrophe Response in the Carolinas and Virginia
WESTCHESTER, Ill., Sept. 27, 2018 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services, Inc. (NYSE:KAR), announced the expanded launch of its IAA Tow App™. This enhanced technology utilizes complex data analytics and the latest mobile technology to streamline the dispatch and towing cycle of salvage vehicles. During natural disaster and catastrophic events, IAA recovers flood-damaged and total-loss vehicles on behalf of their insurance customers, clearing roadways for recovery vehicles and expediting the claims process for policy-holders. The second ph...
Sep 26, 2018 11:10 am ET
New KAR Global Headquarters and Campus in Carmel, Ind. On Track for Summer 2019 Completion
CARMEL, Ind., Sept. 26, 2018 /PRNewswire/ -- One year after announcing its $80 million investment in central Indiana, KAR Auction Services, Inc. (NYSE: KAR) today announced its new Carmel, Indiana-based corporate headquarters and campus is on track for summer 2019 completion. Construction of the 250,000 square foot office building featuring an open floorplan and broad collaborative workspaces has progressed smoothly. As construction on the new KAR global headquarters continues, the company is also further investing in its workforce with more than 1,200 current job openings in North America, ...
Sep 25, 2018 09:00 am ET
TradeRev Accelerates Expansion of North American Footprint
CARMEL, Ind., Sept. 25, 2018 /PRNewswire/ -- TradeRev, North America's leading dealer-to-dealer digital auction platform, announced its expansion into five new markets across the United States. TradeRev is a business unit of global remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR). Dealers in Louisville and Lexington, Kentucky, and Nashville, Memphis and Knoxville, Tennessee can now use the TradeRev mobile app and desktop solution to facilitate and participate in live bidding, one-hour wholesale vehicle auctions. Enrolled dealers will also have access to th...
Aug 30, 2018 09:36 am ET
KAR Auction Services Partners with Jefferson Awards Foundation
CARMEL, Ind., Aug. 30, 2018 /PRNewswire/ -- KAR Auction Services (NYSE: KAR), a global vehicle remarketing and technology solutions provider, announces its partnership with the Jefferson Awards Foundation. The Jefferson Awards Foundation is one of the most prestigious and longest-standing organizations dedicated to celebrating and inspiring public service. As a Champion partner, KAR will support and promote the Jefferson Awards' mission by recognizing employees for volunteer work in their communities....
Aug 29, 2018 04:15 pm ET
KAR Auction Services Announces Participation in Upcoming Investor Conference
CARMEL, Ind., Aug. 29, 2018 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference which will also be available via live audio webcast:...
Aug 29, 2018 09:00 am ET
ADESA Launches 21-Day Return Guarantee with ADESA Assurance
CARMEL, Ind., Aug. 29, 2018 /PRNewswire/ -- ADESA, a business unit of KAR Auction Services, Inc. (NYSE: KAR), has launched a new return guarantee product called ADESA Assurance. The new service allows participating dealers to return eligible vehicles within 21-days for a full refund of the purchase price and associated buy fee. The program is available to dealers at all 60 ADESA physical auction locations in the U.S. as well as DealerBlock and LiveBlock, ADESA's online and simulcast auction platforms. ...
Aug 07, 2018 04:22 pm ET
KAR Auction Services, Inc. Reports Second Quarter 2018 Financial Results
CARMEL, Ind., Aug. 7, 2018 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its second quarter financial results for the period ended June 30, 2018. For the second quarter of 2018, the company reported revenue of $956.6 million as compared with revenue of $858.0 million for the second quarter of 2017, an increase of 11%. Net income for the second quarter of 2018 increased 63% to $93.2 million, or $0.69 per diluted share, as compared with net income of $57.2 million, or $0.41 per diluted share, in the second quarter of 2017. Adjusted EBITDA for the quarter ended June 30,...
Aug 01, 2018 04:15 pm ET
KAR Auction Services Announces Participation in Upcoming Investor Conference
CARMEL, Ind., Aug. 1, 2018 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference:...
Jul 31, 2018 09:00 am ET
IAA Adds North Tampa Branch
WESTCHESTER, Ill., July 31, 2018 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services (NYSE: KAR), announced the completed construction of a new facility in Hudson, Florida —approximately 45 miles north of Tampa. The newly constructed facility expands IAA's footprint in the Florida market and enhances its catastrophic event response services capabilities. The 40-acre branch containing a 9,000-square-foot office space is the 11th IAA facility in the state of Florida....
Jul 26, 2018 09:00 am ET
TradeRev, CarsArrive Network Partner to Offer Dealers Free Vehicle Transportation in 2018
CARMEL, Ind., July 26, 2018 /PRNewswire/ -- TradeRev, a digital platform that facilitates live, dealer-to-dealer vehicle auctions, has once again partnered with CarsArrive Network to save dealers money while fostering an expanded, coast-to-coast auction marketplace. TradeRev is offering free vehicle transportation for dealers purchasing vehicles in qualifying states. This can save dealers hundreds to more than $1,000 per vehicle purchased and transported. TradeRev and CarsArrive Network are business units of KAR Auction Services, Inc. (NYSE: KAR), a global automotive company powering the wor...
Jul 24, 2018 04:15 pm ET
KAR Auction Services, Inc. to Announce Second Quarter 2018 Earnings
CARMEL, Ind., July 24, 2018 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) announced today that it will be releasing its second quarter 2018 earnings on Tuesday, August 7, 2018.  ...
Jul 24, 2018 09:00 am ET
KAR Auction Services Becomes First Auto Remarketer to Join Mobility Open Blockchain Initiative (MOBI)
CARMEL, Ind., July 24, 2018 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider joins MOBI, the Mobility Open Blockchain Initiative. MOBI is a member-driven consortium of global automotive industry leaders exploring blockchain technology for use in the digital mobility ecosystem. KAR is the first auto remarketer to join MOBI and collaborate with international automotive OEMs, new mobility technology companies, government agencies, and leading consulting and financial services firms, to put forward interoperable solutions.  ...
Jun 20, 2018 07:35 am ET
Consolidated Research: 2018 Summary Expectations for KAR Auction Services, XPO Logistics, La-Z-Boy, Southwest Gas, Greif, and Guidewire Software — Fundamental Analysis, Key Performance Indications
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of KAR Auction Services, Inc (NYSE:KAR), XPO Logistics, Inc. (NYSE:XPO),...
Jun 17, 2018 12:00 pm ET
OPENLANE Reimagines Upstream
OPENLANE, the world’s largest upstream vehicle auction platform, is deploying a cache of industry-only capabilities to help customers monetize vehicles faster, easier and smarter than ever before. OPENLANE is a business unit of global vehicle...
Jun 13, 2018 10:30 am ET
ADESA Canada Names New Vice President of Dealer Sales
ADESA, a business unit of global vehicle remarketing and technology solutions provider, KAR Auction Services, Inc. (NYSE:KAR), announces Steve Langdon has been named vice president of dealer sales. “We didn’t have to search far to find our new...
Jun 12, 2018 08:00 am ET
ADESA Appoints New General Managers in Chicago and Fresno
ADESA, a business unit of global vehicle remarketing and technology solutions provider, KAR Auction Services, Inc. (NYSE:KAR), announces Matt Itami has been named general manager of ADESA Chicago and Cheryl Toler has been named general manager of...
Jun 07, 2018 08:30 am ET
KAR Names New Leader for Autoniq
KAR Auction Services, Inc. (NYSE:KAR), a global vehicle remarketing and technology solutions provider, announces Joe Oliveri has been named vice president of the company’s Autoniq business unit. Autoniq is an industry leading provider of mobile and...
Jun 01, 2018 04:15 pm ET
BetterInvesting Magazine Releases August Stock To Study And Undervalued Stock Choices For Investors' Informational And Educational Use
MADISON HEIGHTS, Mich., June 1, 2018 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Snap-on Incorporated (NYSE: SNA) as its August 2018 "Stock to Study" and KAR Auction Services, Inc. (NYSE: KAR) as its August 2018 "Undervalued Stock" for investors' informational and educational use....
May 30, 2018 04:15 pm ET
KAR Auction Services Announces Participation in Upcoming Investor Conference
KAR Auction Services, Inc. (NYSE:KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference: Robert W. Baird’s 2018 Global Consumer, Technology Services...
May 15, 2018 04:15 pm ET
KAR Auction Services Announces Participation in Upcoming Investor Conference
KAR Auction Services, Inc. (NYSE:KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference: Barclays High Yield Bond Syndicated Loan Conference Eric Loughmiller,...
May 08, 2018 04:15 pm ET
KAR Auction Services, Inc. Reports First Quarter 2018 Financial Results
KAR Auction Services, Inc. (NYSE:KAR), today reported its first quarter financial results for the period ended March 31, 2018. For the first quarter of 2018, the company reported revenue of $950.5 million as compared with revenue of $866.6 million...
Apr 26, 2018 07:40 am ET
Report: Developing Opportunities within CytomX Therapeutics, Pegasystems, Greif, Belden, Payment Data, and KAR Auction Services — Future Expectations, Projections Moving into 2018
NEW YORK, April 26, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of CytomX Therapeutics, Inc. (NASDAQ:CTMX), Pegasystems Inc....
Apr 24, 2018 04:15 pm ET
KAR Auction Services, Inc. to Announce First Quarter 2018 Earnings
CARMEL, Ind., April 24, 2018 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR) announced today that it will be releasing its first quarter 2018 earnings on Tuesday, May 8, 2018. 
Mar 20, 2018 09:09 am ET
TradeRev Unveils ‘H’ — Artificial Intelligence to Enhance the Digital Auction Experience
New Suite of Machine Learning and Imaging Capabilities Further Empowers Dealers
Mar 19, 2018 05:00 pm ET
TradeRev Unveils ‘H’ - Artificial Intelligence to Enhance the Digital Auction Experience
New Suite of Machine Learning and Imaging Capabilities Further Empowers Dealers
Mar 14, 2018 04:15 pm ET
KAR Auction Services Announces Participation in Upcoming Investor Conference
CARMEL, Ind., March 14, 2018 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference:
Feb 28, 2018 08:20 am ET
Report: Exploring Fundamental Drivers Behind Advanced Energy Industries, News Corporation, BlackRock, Columbia Sportswear, Encore Capital Group, and KAR Auction Services — New Horizons, Emerging Trend
NEW YORK, Feb. 28, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Advanced Energy Industries, Inc. (NASDAQ:AEIS), News...
Feb 27, 2018 05:00 pm ET
KAR Pursues Separation of IAA Salvage Auction Business Unit
Tax-Free Spin-Off Aimed at Unlocking Shareholder Value
Feb 26, 2018 11:00 am ET
KAR Makes $1 Million Contribution to Scholarship Program
Funds will support 153 scholarships for disadvantaged Florida children
Feb 20, 2018 10:00 am ET
KAR Auction Services, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / February 20, 2018 / KAR Auction Services, Inc. (NYSE: KAR) will be discussing their earnings results in their Q4 Earnings Call to be held on February 20, 2018 at 1:00 PM Eastern Time.
Feb 20, 2018 07:00 am ET
KAR Auction Services, Inc. Reports 2017 Financial Results
CARMEL, Ind., Feb. 20, 2018 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR), today reported its fourth quarter financial results for the period ended December 31, 2017. For the fourth quarter of 2017, the company reported revenue of...
Feb 07, 2018 08:30 am ET
KAR Accelerates Mobility Strategy with Acquisition of STRATIM
Leading Fleet Management Software Complements KAR’s Data and Technology Platform
Feb 05, 2018 05:34 pm ET
KAR Auction Services, Inc. to Announce Fourth Quarter and Full Year 2017 Earnings
CARMEL, Ind., Feb. 05, 2018 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR) announced today that it will be releasing its fourth quarter and full year 2017 earnings before the market opens on Tuesday, February 20, 2018.
Jan 25, 2018 04:15 pm ET
KAR Announces Executive Leadership Change
John Hammer Named President of ADESA
Jan 25, 2018 09:02 am ET
IAA Launches Ignite Auction Channel Brand with Grand Opening of its New Location in Portage, Wisconsin
WESTCHESTER, Ill., Jan. 25, 2018 (GLOBE NEWSWIRE) -- Insurance Auto Auctions, Inc. (IAA), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services (NYSE:KAR), launches its newest auction channel offering a more targeted buying...
Jan 19, 2018 07:45 am ET
KraneShares Electric Vehicles and Future Mobility ETF (Ticker: KARS) Lists on the New York Stock Exchange
NEW YORK, Jan. 19, 2018 /PRNewswire/ -- Krane Funds Advisors, LLC, ("KraneShares") a U.S. asset management firm known for its China focused KraneShares exchange traded funds (ETFs) and innovative China investment strategies, announced the launch of the KraneShares Electric Vehicles and Future Mobility ETF (Ticker: KARS) listed on the NYSE. KARS is focused on the fast-growing electric vehicle industry and the expanding technologies shaping the future of transportation and mobility. KARS holds globally listed companies involved in the entire future mobility ecosystem, including: Electric Vehic...
Jan 02, 2018 08:30 am ET
Report: Exploring Fundamental Drivers Behind Encore Capital Group, KAR Auction Services, Monarch Casino & Resort, Brightcove, Triple-S Management, and Triumph Group — New Horizons, Emerging Trends, an
NEW YORK, Jan. 02, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Encore Capital Group Inc (NASDAQ:ECPG), KAR...
Dec 07, 2017 09:00 am ET
TradeRev Launches Industry First In-App Innovations in 4.0 Version of Mobile Application
Creates Seamless End-To-End Buying and Selling Experience for Dealers
Dec 07, 2017 09:00 am ET
TradeRev Launches Industry First In-App Innovations in 4.0 Version of Mobile Application
Creates Seamless End-To-End Buying and Selling Experience for Dealers
Dec 06, 2017 06:45 pm ET
KAR Makes $250,000 Contribution to Central Indiana City Life Wheels
Grant Supports the New KAR Auction Services City Life Wheels Training Center
Dec 04, 2017 11:50 am ET
Nov 22, 2017 09:00 am ET
KAR Auction Services Announces Participation in Upcoming Investor Conference
CARMEL, Ind., Nov. 22, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference:
Nov 09, 2017 02:15 pm ET
IAA Announces First Quarter 2018 Opening of New Seattle Branch
Facility More than Doubles Inventory Capacity in the Seaport City
Nov 08, 2017 02:00 pm ET
Nov 07, 2017 09:00 am ET
KAR Business Units Support Progressive’s Annual Keys to Progress® Event Honoring America’s Veterans
Insurance Auto Auctions, Inc. and Preferred Warranties, Inc. Donate Cars and Vehicle Service Contracts/Warranties to Veterans Honored by Progressive
Oct 19, 2017 04:15 pm ET
KAR Auction Services, Inc. to Announce Third Quarter 2017 Earnings
CARMEL, Ind., Oct. 19, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR) announced today that it will be releasing its third quarter 2017 earnings on Tuesday, October 31, 2017. ...
Oct 03, 2017 10:15 am ET
KAR Goes All In on Digital - Acquires Remaining Interest in TradeRev Mobile App Auction Platform
Disruptive Technology Strengthens Company's Digital Foundation and Accelerates Growth in Broad Dealer-to-Dealer Marketplace...
Sep 19, 2017 02:30 pm ET
KAR Announces Development of New Global Headquarters and Campus in Carmel, Ind.
CARMEL, Ind., Sept. 19, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR), a global vehicle remarketing and technology solutions provider, today announced the development of a new Carmel, Indiana-based corporate headquarters and campus. The 13-acre site will host a new, 250,000 square foot office building featuring an open floorplan and broad collaborative workspaces. The building was designed to reflect both the company’s rich auto auction history and their international and technology-driven growth. Nearly 1,600 of KAR’s 17,400 employees are located in Indiana, and the new loc...
Aug 30, 2017 04:15 pm ET
KAR Auction Services Announces Participation in Upcoming Investor Conference
CARMEL, Ind., Aug. 30, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference which will also be available via live audio webcast:...
Aug 16, 2017 09:00 am ET
IAA Expands in Indiana, Kansas, Utah, Minnesota, Virginia and Alabama
Growth of Over 50 Acres Extends Strategic Footprint across the US...
Aug 16, 2017 09:00 am ET
IAA Expands in Indiana, Kansas, Utah, Minnesota, Virginia and Alabama
Growth of Over 50 Acres Extends Strategic Footprint across the US...
Aug 15, 2017 04:15 pm ET
AFC Releases Inventory Dashboard Enhancement to AFCDealer™ Website
CARMEL, Ind., Aug. 15, 2017 (GLOBE NEWSWIRE) -- Automotive Finance Corporation (“AFC”), a business unit of KAR Auction Services, Inc. (NYSE:KAR) has announced the release of its new Inventory Dashboard for AFC floorplan financing customers. AFC and its floorplan affiliates provide inventory finance solutions to more than 11,000 independent automobile dealers throughout the U.S. and Canada. The Inventory Dashboard, available on the AFCDealer™ website and AFC On the Go mobile app, provides dealers with instant access to current and historical account information with detailed insights into veh...
Aug 08, 2017 04:15 pm ET
KAR Auction Services, Inc. Reports Second Quarter 2017 Financial Results
CARMEL, Ind., Aug. 08, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR), today reported its second quarter financial results for the period ended June 30, 2017. For the second quarter of 2017, the company reported revenue of $858.0 million as compared with revenue of $788.5 million for the second quarter of 2016, an increase of 9%. Net income for the second quarter of 2017 decreased 7% to $57.2 million, or $0.41 per diluted share, as compared with net income of $61.8 million, or $0.44 per diluted share, in the second quarter of 2016. Net income for the three months ended June 3...
Aug 07, 2017 03:57 pm ET
IAA Expands Over 500 Acres in Preparation for Severe Weather Season
Demonstrates Commitment to Customer Needs During Catastrophic Events...
Aug 07, 2017 03:57 pm ET
IAA Expands Over 500 Acres in Preparation for Severe Weather Season
Demonstrates Commitment to Customer Needs During Catastrophic Events...
Jul 25, 2017 12:00 pm ET
IAA Launches Active Inventory Management™ Solution
WESTCHESTER, Ill., July 25, 2017 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services, Inc., (NYSE: KAR), and the leading live and live-online salvage auto auction company, today announced its latest innovation, Active Inventory Management™. The Active Inventory Management™ service enables insurance company customers to save time and resources by outsourcing their entire salvage inventory management process to IAA. ...
Jul 21, 2017 09:15 am ET
KAR Auction Services, Inc. to Announce Second Quarter 2017 Earnings
CARMEL, Ind., July 21, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR) announced today that it will be releasing its second quarter 2017 earnings on Tuesday, August 8, 2017. ...
Jul 12, 2017 03:34 pm ET
instaVIN® Launches Redesigned Responsive Website for Vehicle History Reports
CARMEL, Ind., July 12, 2017 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, announced the launch of a new website for its instaVIN® business unit. instaVIN® is a leading provider of comprehensive vehicle history and title history information for dealers, commercial customers and consumers. instaVIN® provides access to unique data not found in other history reports such as CARFAX® or AutoCheck®. The new, completely redesigned website delivers near real-time title, salvage and insurance total loss events. ...
Jun 14, 2017 11:00 am ET
IAA Announces November 2017 Opening of New Fort Worth Branch
Location Will Extend Statewide Footprint to 16th Strategic Site ...
Jun 14, 2017 11:00 am ET
IAA Announces November 2017 Opening of New Fort Worth Branch
Location Will Extend Statewide Footprint to 16th Strategic Site ...
Jun 07, 2017 11:00 am ET
IAA Announces Grand Opening of New Portland Area Branch
Third IAA Location Across Oregon Will Address Increasing Customer Inventory Needs ...
Jun 07, 2017 11:00 am ET
IAA Announces Grand Opening of New Portland Area Branch
Third IAA Location Across Oregon Will Address Increasing Customer Inventory Needs ...
Jun 07, 2017 08:00 am ET
J.D. Power and Autoniq Offer Automotive Dealers Groundbreaking Sales Lead Tool
MCLEAN, Va., June 7, 2017 /PRNewswire/ -- Autoniq, a mobile and digital provider of vehicle pricing and evaluation data, and J.D. Power, a global leader in consumer insights and advisory services, announced a new collaboration to streamline the vehicle trade-in and appraisal process for automotive dealers. The new Value My Car website module integrates the J.D. Power Valuation Services (formerly NADA Used Car Guide) with Autoniq's mobile appraisal app information. This offering, the fourth collaborative release between J.D. Power and Autoniq, will help dealers identify, connect with, and con...
Jun 06, 2017 04:15 pm ET
KAR Auction Services Honored with Two Prestigious Awards by United Way of Central Indiana
CARMEL, Ind., June 06, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR), a global vehicle remarketing and technology solutions provider, announced today that it was honored with two prestigious awards from United Way of Central Indiana. KAR Chairman and CEO Jim Hallett was named Exceptional Executive for 2017, and KAR was recognized with the Spirit United Award, the United Way’s highest corporate honor....
May 24, 2017 02:00 pm ET
Insurance Auto Auctions Adds Over 40 Acres in Georgia
Leading Salvage Auto Auction Company Expands Branches in Savannah and Tifton ...
May 24, 2017 02:00 pm ET
Insurance Auto Auctions Adds Over 40 Acres in Georgia
Leading Salvage Auto Auction Company Expands Branches in Savannah and Tifton ...
May 22, 2017 06:22 pm ET
KAR Auction Services Announces Pricing and Upsizing of Debt Financing
CARMEL, Ind., May 22, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR) (the “Company”) announced today that it has priced its previously announced offering of 5.125% senior notes due 2025 (the “notes”). The size of the offering has been increased from $800 million to $950 million. The Company intends to use the net proceeds from the notes offering to repay a portion of the existing term loans outstanding under its senior secured credit facilities and for general corporate purposes....
May 22, 2017 07:57 am ET
KAR Auction Services Announces Proposed Notes Offering
CARMEL, Ind., May 22, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR) (the “Company”) announced today that it plans to offer, subject to market conditions, approximately $800 million aggregate principal amount of senior notes due 2025 (the “notes”). The Company intends to use the net proceeds from the notes offering to repay a portion of the existing term loans outstanding under its senior secured credit facilities and for general corporate purposes....
May 17, 2017 01:00 pm ET
CarsArrive Network Acquires Dependable Auto Shippers Business
CARMEL, Ind., May 17, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR), today announced that its CarsArrive Network (CarsArrive) subsidiary has acquired the vehicle transportation business of Dependable Auto Shippers (DAS). CarsArrive is the world’s only fully automated used vehicle hauling solution with more than two million vehicles delivered each year. The addition of DAS will extend CarsArrive’s transportation and logistics solutions into the growing consumer market segment....
May 17, 2017 12:00 pm ET
Impact Auto Auctions Launches Mobile App for Improved Search and Bid
App Offers Instant Live-Online Auction Access...
May 17, 2017 12:00 pm ET
Impact Auto Auctions Launches Mobile App for Improved Search and Bid
App Offers Instant Live-Online Auction Access...
May 09, 2017 04:16 pm ET
KAR Auction Services Seeks to Refinance and Reprice Existing Debt
CARMEL, Ind., May 09, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR) (the “Company”) announced today that it is seeking to refinance and reprice its existing term loans under its senior secured credit facilities.  The Company intends to issue senior notes to refinance a portion of the term loans and reprice the remainder of the term loans that are not refinanced.  In addition, the Company is seeking to increase its existing revolving commitments....
May 09, 2017 04:15 pm ET
KAR Auction Services, Inc. Reports First Quarter 2017 Financial Results
CARMEL, Ind., May 09, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR), today reported its first quarter financial results for the period ended March 31, 2017. For the first quarter of 2017, the company reported revenue of $866.6 million as compared with revenue of $758.3 million for the first quarter of 2016, an increase of 14%. Net income for the first quarter of 2017 increased 14% to $69.2 million, or $0.50 per diluted share, as compared with net income of $60.7 million, or $0.44 per diluted share, in the first quarter of 2016. Adjusted EBITDA for the quarter ended March 3...
Apr 25, 2017 04:15 pm ET
KAR Auction Services, Inc. to Announce First Quarter 2017 Earnings
CARMEL, Ind., April 25, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR) announced today that it will be releasing its first quarter 2017 earnings on Tuesday, May 9, 2017. ...
Apr 12, 2017 01:00 pm ET
IAA Launches Comprehensive Fast Search Tool
First in Salvage Vehicle Industry to Offer Buyers Over 30 Search and Filter Options...
Apr 12, 2017 01:00 pm ET
IAA Launches Comprehensive Fast Search Tool
First in Salvage Vehicle Industry to Offer Buyers Over 30 Search and Filter Options...
Mar 29, 2017 01:16 pm ET
/C O R R E C T I O N -- Insurance Auto Auctions, Inc./
In the news release, IAA Launches Newly Enhanced Vehicle Details Page, issued March 29, 2017 by Insurance Auto Auctions, Inc. over PR Newswire, we are advised by the company that a second boilerplate has been added. The complete, corrected release follows:...
Mar 29, 2017 01:16 pm ET
/C O R R E C T I O N -- Insurance Auto Auctions, Inc./
In the news release, IAA Launches Newly Enhanced Vehicle Details Page, issued March 29, 2017 by Insurance Auto Auctions, Inc. over PR Newswire, we are advised by the company that a second boilerplate has been added. The complete, corrected release follows:...
Mar 16, 2017 04:15 pm ET
KAR Auction Services Fortifies Investment in TradeRev
CARMEL, Ind., March 16, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR), a global wholesale used-vehicle marketplace and technology solutions provider, has extended up to $15 million in credit to Nth Gen Software, Inc., (“TradeRev”). Through its ADESA business unit, KAR acquired a 50-percent stake in Toronto-based TradeRev in 2014. TradeRev facilitates real-time dealer-to-dealer vehicle auctions via desktop or mobile app. The additional funding will be used to accelerate TradeRev’s expansion and deploy new products and platform functionality....
Mar 13, 2017 04:30 pm ET
KAR Auction Services Announces Srisu Subrahmanyam as Senior Vice President of Business Transformation
CARMEL, Ind., March 13, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR), a global wholesale used vehicle marketplace, technology and solutions provider, announced that Sriram “Srisu” Subrahmanyam has joined the company as senior vice president of business transformation. Subrahmanyam brings more than 20 years of executive operations and consulting experience to the role, including leadership positions across multiple Fortune® 1000 companies and industries such as aviation, technology, logistics and education. Subrahmanyam will report to Don Gottwald, chief operating officer fo...
Mar 08, 2017 10:00 am ET
IAA Extends North American Presence with Strategic Branch Expansions
WESTCHESTER, Ill., March 8, 2017 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), today announced the strategic expansion of auction locations in Arkansas, Idaho, Indiana, Louisiana, Maine, Pennsylvania and Oregon. IAA facilities now occupy 173 locations in the U.S. and Canada. IAA is a business unit of KAR Auction Services (NYSE: KAR) that provides a global marketplace for vehicle liquidation, logistics, title processing, and inventory sourcing channels for damaged and lower value vehicle consignors....
Feb 23, 2017 09:31 am ET
Covered Call Reports for KAR Auction Services Inc., Mead Johnson Nutrition Company, Oasis Petroleum, Square Incorporated and Tenaris, from InvestorsObserver!
CHICAGO, Feb. 23, 2017 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for KAR, MJN, OAS, SQ, and TS....
Feb 21, 2017 04:39 pm ET
KAR Auction Services, Inc. Reports 2016 Financial Results and the Fourth Quarter Repurchase of 1.9 Million Shares
CARMEL, Ind., Feb. 21, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR), today reported its fourth quarter financial results for the period ended December 31, 2016. For the fourth quarter of 2016, the company reported revenue of $813.7 million as compared with revenue of $695.7 million for the fourth quarter of 2015, an increase of 17%. Net income for the fourth quarter of 2016 decreased 6% to $45.5 million, or $0.33 per diluted share, as compared with net income of $48.3 million, or $0.35 per diluted share, in the fourth quarter of 2015. Adjusted EBITDA for the quarter ended D...
Feb 15, 2017 10:00 am ET
IAA Names Tim O'Day Chief Operating Officer
Additional Key Senior Leadership Appointments and Changes Also Announced...
Feb 15, 2017 10:00 am ET
IAA Names Tim O'Day Chief Operating Officer
Additional Key Senior Leadership Appointments and Changes Also Announced...
Feb 07, 2017 04:15 pm ET
KAR Auction Services, Inc. to Announce Fourth Quarter and Full Year 2016 Earnings
CARMEL, Ind., Feb. 07, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR) announced today that it will be releasing its fourth quarter and full year 2016 earnings on Tuesday, February 21, 2017. ...
Nov 15, 2016 09:20 am ET
Nov 15, 2016 09:20 am ET
Nov 14, 2016 11:10 am ET
KAR Auction Services Launches New Enterprise Functions to Accelerate Innovation for Wholesale Used Car Industry
Industry pioneers named to leadership roles in product development, data analytics and strategic planning ...
Nov 14, 2016 11:10 am ET
KAR Auction Services Launches New Enterprise Functions to Accelerate Innovation for Wholesale Used Car Industry
Industry pioneers named to leadership roles in product development, data analytics and strategic planning ...
Nov 03, 2016 04:30 pm ET
KAR Auction Services, Inc. Reports Third Quarter 2016 Financial Results, Dividend Increase and Share Repurchase Authorization
CARMEL, Ind., Nov. 03, 2016 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR), today reported its third quarter financial results for the period ended September 30, 2016. For the third quarter of 2016, the company reported revenue of $773.8 million as compared with revenue of $666.7 million for the third quarter of 2015, an increase of 16%. Net income for the third quarter of 2016 increased 4% to $54.4 million, or $0.39 per diluted share, as compared with net income of $52.3 million, or $0.37 per diluted share, in the third quarter of 2015. Adjusted EBITDA for the quarter ended Sep...
Oct 20, 2016 04:15 pm ET
KAR Auction Services, Inc. to Announce Third Quarter 2016 Earnings
CARMEL, Ind., Oct. 20, 2016 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR) announced today that it will be releasing its third quarter 2016 earnings on Thursday, November 3, 2016. ...
Oct 03, 2016 03:39 pm ET
Impact Auto Auctions Opens Canada's Largest Auto Salvage Auction in Edmonton
EDMONTON, Alberta, Oct. 3, 2016 /PRNewswire/ -- Impact Auto Auctions Ltd., a subsidiary of Insurance Auto Auctions (IAA) and a business unit of KAR Auction Services (NYSE: KAR), today welcomed more than 250 auto industry professionals and local dignitaries at the grand opening of its new Edmonton auto salvage auction facility. Located at 26419 Twp. Road 525A in Acheson, Alberta, the facility, which features 47 acres of vehicle storage, and a 12,500 square foot office, auction and inspection building, is the largest of its kind in Canada....
Sep 20, 2016 11:35 am ET
Insurance Auto Auctions Announces Loss Advisor Tool For Advanced Total Loss Assessment
WESTCHESTER, Ill., Sept. 20, 2016 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company, today announced its newest development, IAA Loss Advisor™. The tool enables insurance claims staff to quickly generate an early total loss recommendation based on information they provide regarding the post-accident condition of the vehicle combined with the ACV (actual cash value) and IAA salvage vehicle market value data. Loss Advisor is the latest advancement in the IAA Total Loss Solu...
Aug 30, 2016 09:15 am ET
Indiana Public Company of the Year finalists named
INDIANAPOLIS, Aug. 30, 2016 (GLOBE NEWSWIRE) -- The finalists for the 2016 Indiana Public Company of the Year have been calculated, and the top performer will be unveiled and recognized at an honors banquet Sept. 15 in conjunction with the INVESTIndiana Equity Conference....
Aug 02, 2016 04:15 pm ET
KAR Auction Services, Inc. Reports Second Quarter 2016 Financial Results
CARMEL, Ind., Aug. 02, 2016 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR), today reported its second quarter financial results for the period ended June 30, 2016. For the second quarter of 2016, the company reported revenue of $771.8 million as compared with revenue of $658.3 million for the second quarter of 2015, an increase of 17%. Net income for the second quarter of 2016 increased 4% to $61.8 million, or $0.44 per diluted share, as compared with net income of $59.5 million, or $0.41 per diluted share, in the second quarter of 2015. Adjusted EBITDA for the quarter ended Jun...
Aug 02, 2016 09:00 am ET
KAR Auction Services, Inc. Announces Participation in Upcoming Investor Conference
CARMEL, Ind., Aug. 02, 2016 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR) today announced its participation in the following investor conference which will also be available via live audio webcast:...
Jul 19, 2016 05:00 pm ET
Insurance Auto Auctions Increases Presence In Texas With Three Strategic Branch Expansions
WESTCHESTER, Ill., July 19, 2016 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company, today announced the expansion and improvement of three locations in Texas – Corpus Christi, Houston, and McAllen facilities. Through strategic, ongoing growth, the expansions of facilities serve to both promote IAA's continued dedication to its customers and to add to the company's footprint in the industry, with over 170 locations in North America....
Jul 19, 2016 09:00 am ET
KAR Auction Services, Inc. to Announce Second Quarter 2016 Earnings
CARMEL, Ind., July 19, 2016 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR) announced today that it will be releasing its second quarter 2016 earnings on Tuesday, August 2, 2016. ...
Jul 12, 2016 12:00 pm ET
Insurance Auto Auctions Increases Presence In Virginia
WESTCHESTER, Ill., July 12, 2016 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company, today announced the recent expansion of its branch in Culpeper, Virginia. The facility now encompasses 10 additional acres of usable property, presenting IAA with increased capacity to enhance operational capabilities....
Jun 21, 2016 03:00 pm ET
Insurance Auto Auctions Announces Express Notary Ability For Total Loss Settlements
WESTCHESTER, Ill., June 21, 2016 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company, today announced its newest offering, IAA Express Notary™, which allows for the electronic assignment of title documents, significantly shortening the cycle time for total loss settlements. This is the newest development in the IAA Total Loss Solutions™ first-of-its-kind suite of products that directly allows for more management of costs, while simultaneously boosting customer satis...
Jun 20, 2016 04:30 pm ET
KAR Auction Services Promotes Key Leader to Head Finance Division
KAR Auction Services, Inc. (NYSE: KAR), a leading end-to-end vehicle remarketing services provider, today announced the promotion of Jim Money to president of Automotive Finance Corporation (AFC), a subsidiary of KAR, effective June 25, 2016. Money, who most recently served as chief financial officer of AFC, will report directly to Don Gottwald, KAR chief operating officer.
Jun 01, 2016 09:15 am ET
KAR Auction Services Announces Acquisition of GRS Remarketing
KAR Auction Services (NYSE: KAR), a provider of end-to-end vehicle remarketing services, announced today that the company has acquired GRS Remarketing Limited (GRS), a subsidiary of Greenhous Group Limited.
May 31, 2016 04:15 pm ET
KAR Auction Services, Inc. Announces Participation in Upcoming Investor Conferences
KAR Auction Services, Inc. (NYSE: KAR) today announced its participation in the following investor conferences which will also be available via live audio webcast:
May 18, 2016 03:00 pm ET
Insurance Auto Auctions Announces Enhanced Appraisal Capability for IAA Inspection Services
WESTCHESTER, Ill., May 18, 2016 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company, has implemented an enhanced appraisal offering that provides increased flexibility and choice for IAA Inspection Services™ customers. This is the latest innovation in the IAA Total Loss Solutions™ suite of products that directly impacts the opportunities to improve customer satisfaction and more effectively manage costs during the total loss claims process. ...
May 10, 2016 09:00 am ET
ADESA Acquires Sanford Auto Dealers Exchange Used Vehicle Auction
ADESA, a business unit of KAR Auction Services (NYSE: KAR), today announced it has successfully completed the acquisition of Sanford Auto Dealers Exchange (SADE) in Sanford, Florida.
May 03, 2016 04:15 pm ET
KAR Auction Services, Inc. Reports First Quarter 2016 Financial Results
KAR Auction Services, Inc. (NYSE: KAR), today reported its first quarter financial results for the period ended March 31, 2016. For the first quarter of 2016, the company reported revenue of $745.0 million as compared with revenue of $632.4 million for the first quarter of 2015, an increase of 18%. Net income for the first quarter of 2016 increased 11% to $60.7 million, or $0.44 per diluted share, as compared with net income of $54.5 million, or $0.38 per diluted share, in the first quarter of 2015. Adjusted EBITDA for the quarter ended March 31, 2016 increased 17% to $189.5 million, as
Apr 21, 2016 01:07 pm ET
Insurance Auto Auctions Announces Collaboration With New York State Department of Motor Vehicles
WESTCHESTER, Ill., April 21, 2016 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company, has entered into a Memorandum of Understanding (MOU) with the New York State Department of Motor Vehicles (DMV) on February 22, 2016. The Memorandum provides the New York State DMV with daily electronic file transfers of information associated to each salvage certificate for every vehicle IAA acquires by its insurance company clients in settlement of claims for damage or theft.  This serv...
Apr 19, 2016 12:00 pm ET
Insurance Auto Auctions Announces Grand Opening Of A New Rochester Area Location
WESTCHESTER, Ill., April 19, 2016 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company, held a grand opening April 19 celebrating its newest branch in Bergen, New York. By demonstrating persistent growth in a developing area for IAA buyers and sellers, the opening continues to showcase IAA's strong dedication to its customers....
Apr 19, 2016 09:00 am ET
KAR Auction Services, Inc. to Announce First Quarter 2016 Earnings
KAR Auction Services, Inc. (NYSE: KAR) announced today that it will be releasing its first quarter 2016 earnings on Tuesday, May 3, 2016.
Apr 01, 2016 05:37 pm ET
KAR Announces Closing of Brasher's Auto Auctions Acquisition
KAR Auction Services, Inc. (NYSE: KAR) announced today that its subsidiary, ADESA, Inc., has successfully completed the acquisition of eight auctions owned by the Brasher family and includes its floorplan financing business. The eight locations will be renamed: ADESA Salt Lake, ADESA Brasher's (Sacramento), ADESA Portland, ADESA Boise, ADESA San Jose, ADESA Northwest (Eugene), ADESA Reno and ADESA Fresno. Brasher's key corporate and local auction personnel will maintain leadership roles across the Brasher auctions.
Mar 16, 2016 09:30 am ET
KAR Auction Services, Inc. Announces Participation in Upcoming Investor Conference
KAR Auction Services, Inc. (NYSE: KAR) today announced its participation in the following investor conference which will also be available via live audio webcast:
Mar 14, 2016 04:15 pm ET
ADESA Announces Agreement to Acquire Sanford Auto Dealers Exchange
ADESA, a business unit of KAR Auction Services (NYSE: KAR), today announced it has signed a definitive agreement to acquire Sanford Auto Dealers Exchange (SADE) in Sanford, Florida.
Mar 08, 2016 04:00 pm ET
Insurance Auto Auctions Launches Technology Innovation For Title Procurement
WESTCHESTER, Ill., March 8, 2016 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company, recently announced the launch of its Title Procurement Dashboard, a new feature within IAA's online vehicle inventory management and analysis tool, CSAToday®.  The Title Procurement Dashboard is the latest innovation in the IAA Total Loss Solutions suite of products that directly impacts the opportunity to improve customer satisfaction and more effectively manage costs during the total los...
Feb 26, 2016 04:30 pm ET
Insurance Auto Auctions Celebrates the Louisville North Branch Grand Opening
WESTCHESTER, Ill., Feb. 26, 2016 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company, held a grand opening February 22 marking  its newest location, the IAA Louisville North branch in Eminence, Kentucky. The opening further demonstrates IAA's commitment to its customers through continued expansion in the region which is a growing marketplace for IAA buyers and sellers....
Feb 04, 2016 12:00 pm ET
Insurance Auto Auctions Launches Customer Self-Service Portal For Total Loss Claims Management
WESTCHESTER, Ill., Feb. 4, 2016 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company, today announced the launch of MyVehicleClaim.com, a turnkey customer self-service tool that enhances the total loss claims experience for IAA Title Services™ clients. This self-service tool allows insurance companies to provide vehicle owners with an effective means to track the progress of their total loss claim resulting in enhanced customer satisfaction and improved customer retention....