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.

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