KAR Auction Services, Inc. (NYSE:KAR) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
announcing its financial results for the three months ended March
31, 2017. KAR Auction Services, Inc. will host an earnings
conference call and webcast, Wednesday, May 10, 2017 at 11:00
a.m., Eastern Daylight Time. The conference call may be accessed
by calling 1-844-778-4145>and entering participant passcode
10136567 and the live webcast may be accessed at the investor
relations section of www.karauctionservices.com. The call will be
hosted by KAR Auction Services, Inc. Chief Executive Officer and
Chairman of the Board, Jim Hallett, and Executive Vice President
and Chief Financial Officer, Eric Loughmiller. The call will
feature a review of operating highlights and financial results
for the three months ended March 31, 2017. The press release
dated May 9, 2017 is attached to this Current Report on Form 8-K
as Exhibit 99.1 and is incorporated herein by reference in its
entirety.
supplemental financial information for the three months ended
March 31, 2017, and Earnings Slides for the three months ended
March 31, 2017. The supplemental financial information and
Earnings Slides can be located at the investor relations section
of www.karauctionservices.com under the quarterly results page.
The supplemental financial information and Earnings Slides posted
on May 9, 2017 are attached to this Current Report on Form 8-K as
Exhibits 99.2 and 99.3, respectively, and are incorporated herein
by reference in their entirety.
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99.1
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Press release dated May 9, 2017 KAR Auction Services, Inc.
Reports First Quarter 2017 Financial Results |
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99.2
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KAR Auction Services, Inc. First Quarter 2017 Supplemental
Financial Information May 9, 2017 |
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99.3
|
KAR Auction Services, Inc. First Quarter 2017 Earnings
Slides May 9, 2017 |
About KAR Auction Services, Inc. (NYSE:KAR)
KAR Auction Services, Inc. is a provider of whole car auction services in North America, and salvage auction services in North America and the United Kingdom. The Company operates through three segments: ADESA, Inc. (ADESA Auctions), Insurance Auto Auctions, Inc. (IAA) 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. The Company operates as IAA in the United States and Impact Auto Auctions in Canada. The AFC segment is a provider of floorplan financing to independent used vehicle dealers. It facilitates a marketplace by providing auction services for sellers of used, or whole car, vehicles and salvage vehicles through its approximately 240 physical auction locations, and multiple Internet venues. The Company facilitates the sale of over 4.4 million used and salvage vehicles. KAR Auction Services, Inc. (NYSE:KAR) Recent Trading Information
KAR Auction Services, Inc. (NYSE:KAR) closed its last trading session down -0.09 at 42.97 with 1,362,375 shares trading hands.
