Kar Auction Services (KAR) Tops Q3 EPS by 17c, Revenues Miss

Kar Auction Services (NYSE: KAR) reported Q3 EPS of $0.45, $0.17 better than the analyst estimate of $0.28. Revenue for the quarter came in at $593 million versus the consensus estimate of $646.43 million.

Jeremy Johnson, Protective’s Chief Executive Officer, said: “I am pleased with the sustained year over year improvement in our core business. Our trucking clients continue to see strong demand, driving our top line premium growth, and the team at Protective has executed well to balance necessary margin improvement with client retention and acquisition. We are well positioned to create value for all our stakeholders.”

For earnings history and earnings-related data on Kar Auction Services (KAR) click here.

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