Kar Auction Services (KAR) Misses Q3 EPS by 1c, Affirms Guidance
Kar Auction Services (NYSE: KAR) reported Q3 EPS of $0.42, $0.01 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $666.7 million versus the consensus estimate of $640.08 million.
2015 Outlook The company is providing the following guidance for fiscal 2015:
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($ in millions, except per share amounts)
Adjusted EBITDA $635 - $665
Capital expenditures* $134
Cash taxes $130 - $135
Cash interest on corporate debt $61
Free cash flow before dividend payments* $310 - $335
Effective tax rate 38%
Net income per share $1.43 - $1.58
Adjusted net income per share $1.62 - $1.77
Free cash flow per share* $2.17 - $2.35
* Includes $19 million of capital expenditures for the recently announced
greenfield development of the ADESA Chicago auction facility.
For earnings history and earnings-related data on Kar Auction Services (KAR) click here.
