Kar Auction Services (KAR) Tops Q2 EPS by 2c

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Go back to Kar Auction Services (KAR) Tops Q2 EPS by 2c

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

August 7, 2018 4:23 PM EDT

CARMEL, Ind., Aug. 7, 2018 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its second quarter financial results for the period ended June 30, 2018. For the second quarter of 2018, the company reported revenue of $956.6 million as compared with revenue of $858.0 million for the second quarter of 2017, an increase of 11%. Net income for the second quarter of 2018 increased 63% to $93.2 million, or $0.69 per diluted share, as compared with net income of $57.2 million, or $0.41 per diluted share, in the second quarter of 2017. Adjusted EBITDA for the quarter ended June 30, 2018 increased 8% to $242.2 million, as compared with... More