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.
release announcing its financial results for the three and twelve
months ended December 31, 2016. KAR Auction Services, Inc. will
host an earnings conference call and webcast, Wednesday, February
22, 2017 at 11:00 a.m., Eastern Standard Time. The conference
call may be accessed by calling 1-877-879-6203>and entering
conference ID # 5410979 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 twelve months ended December 31, 2016.
The press release dated February 21, 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 and twelve
months ended December 31, 2016, and Earnings Slides for the three
and twelve months ended December 31, 2016. 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 February 21, 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 February 21, 2017 KAR Auction Services,
Inc. Reports 2016 Financial Results and the Fourth Quarter Repurchase of 1.9 Million Shares |
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99.2
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KAR Auction Services, Inc. Q4 and YTD 2016 Supplemental
Financial Information February 21, 2017 |
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99.3
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KAR Auction Services, Inc. 2016 Fourth Quarter Annual
Earnings Slides February 21, 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 up +0.21 at 46.69 with 813,374 shares trading hands.