Kar Auction Services (KAR) Misses Q3 EPS by 1c, Affirms Guidance

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Go back to Kar Auction Services (KAR) Misses Q3 EPS by 1c, Affirms Guidance

KAR Auction Services, Inc. Reports Growth in Revenues, Adjusted EBITDA and Adjusted Net Income for Third Quarter 2015

November 4, 2015 4:30 PM EST

CARMEL, IN -- (Marketwired) -- 11/04/15 -- KAR Auction Services, Inc. (NYSE: KAR), today reported its third quarter financial results for the three months ended September 30, 2015. For the third quarter of 2015, the company reported revenue of $666.7 million as compared with revenue of $589.1 million for the third quarter of 2014, an increase of 13%. Adjusted EBITDA for the quarter ended September 30, 2015 increased 9% to $163.1 million, as compared with Adjusted EBITDA of $149.1 million for the quarter ended September 30, 2014. Net income for the third quarter of 2015 increased 10% to $52.3 million, or $0.37 per diluted share, as compared with net income of $47.5 million,... More