Kar Auction Services (KAR) Tops Q1 EPS by 6c

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KAR Auction Services, Inc. Reports First Quarter 2018 Financial Results

May 8, 2018 4:15 PM EDT

First quarter 2018 revenue increased 10% to $950.5 million.Net Income Per Share increased 32%, Operating Adjusted Net Income Per Share increased 32% and Adjusted EBITDA increased 9% over the three months ended March 31, 2017.

CARMEL, Ind., May 08, 2018 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE: KAR), today reported its first quarter financial results for the period ended March 31, 2018. For the first quarter of 2018, the company reported revenue of $950.5 million as compared with revenue of $866.6 million for the first quarter of 2017, an increase of 10%. Net income for the first quarter of 2018... More