Kar Auction Services (KAR) Misses Q3 EPS by 1c, Affirms Guidance
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KAR Auction Services, Inc. Reports Growth in Revenues, Adjusted EBITDA and Adjusted Net Income for Third Quarter 2015
November 4, 2015 4:30 PM ESTCARMEL, 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
