Kar Auction Services (KAR) Tops Q2 EPS by 7c

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Go back to Kar Auction Services (KAR) Tops Q2 EPS by 7c

KAR Auction Services, Inc. Reports Second Quarter 2017 Financial Results

August 8, 2017 4:15 PM EDT

CARMEL, Ind., Aug. 08, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE: KAR), today reported its second quarter financial results for the period ended June 30, 2017. For the second quarter of 2017, the company reported revenue of $858.0 million as compared with revenue of $788.5 million for the second quarter of 2016, an increase of 9%. Net income for the second quarter of 2017 decreased 7% to $57.2 million, or $0.41 per diluted share, as compared with net income of $61.8 million, or $0.44 per diluted share, in the second quarter of 2016. Net income for the three months ended June 30, 2017 was negatively impacted by $17.3 million, net... More