KAR Auction Services, Inc. (NYSE:KAR) Files An 8-K Results of Operations and Financial Condition

KAR Auction Services, Inc. (NYSE:KAR) Files An 8-K Results of Operations and Financial Condition
Item 2.02Results of Operations and Financial Condition.

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On October 31, 2017, KAR Auction Services, Inc. issued a press release announcing its financial results for the three and nine months ended September 30, 2017. KAR Auction Services, Inc. will host an earnings conference call and webcast, Wednesday, November 1, 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 95364956 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 and nine months ended September 30, 2017. The press release dated October 31, 2017 is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference in its entirety.

On October 31, 2017, KAR Auction Services, Inc. also posted supplemental financial information for the three and nine months ended September 30, 2017, and Earnings Slides for the three and nine months ended September 30, 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 October 31, 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.

Item 9.01Financial Statements and Exhibits.

(d) Exhibits

EXHIBIT NO.DESCRIPTION OF EXHIBIT


KAR Auction Services, Inc. Exhibit
EX-99.1 2 exhibit991-q32017earningsr.htm EXHIBIT 99.1 – Q3 2017 EARNINGS RELEASE Exhibit EXHIBIT 99.1EARNINGS RELEASEFor Immediate ReleaseAnalyst Inquiries:                                                      Media Inquiries:Mike Eliason                                                             Tobin Richer(317) 249-4559                                                           (317) [email protected]                     [email protected]            KAR Auction Services,…
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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.

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