Kar Auction Services (KAR) Tops Q4 EPS by 10c
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KAR Auction Services, Inc. Reports 2017 Financial Results
February 20, 2018 7:00 AM EST2017 revenue increased 10% to $3,458.0 million.Net Income Per Share increased 64%, Operating Adjusted Net Income Per Share increased 21% and Adjusted EBITDA increased 12% over the year ended December 31, 2016.Repurchased approximately 1.0 million shares of common stock in the open market for $50 million in the fourth quarter of 2017.Recognized a reduction in income tax expense of $102.7 million relating to the re-measurement of deferred tax assets and liabilities associated with the enactment of the Tax Cuts and Jobs Act of... More
