Kar Auction Services (KAR) Reports In-Line Q2 EPS

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KAR Auction Services Announces $200 Million Accelerated Share Repurchase

August 3, 2015 4:16 PM EDT

CARMEL, IN -- (Marketwired) -- 08/03/15 -- KAR Auction Services, Inc. (NYSE: KAR) (the "Company") announced today that it plans to enter into an accelerated share repurchase agreement under which the Company expects to repurchase up to $200 million of the Company's common stock on an accelerated basis. The accelerated share repurchase is part of the Company's previously authorized program to repurchase up to $300 million of the Company's common stock.

"We are delighted to announce that we plan to enter into an accelerated share repurchase plan, further demonstrating our commitment to creating value for KAR's... More