Kar Auction Services (KAR) Reports In-Line Q3 EPS, Revenues Beat; Provides FY18 EPS Outlook

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

November 6, 2018 4:20 PM EST

CARMEL, Ind., Nov. 6, 2018 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its third quarter financial results for the period ended September 30, 2018. For the third quarter of 2018, the company reported revenue of $933.5 million as compared with revenue of $843.0 million for the third quarter of 2017, an increase of 11%. Net income for the third quarter of 2018 increased 23% to $77.5 million, or $0.57 per diluted share, as compared with net income of $62.8 million, or $0.46 per diluted share, in the third quarter of 2017. Adjusted EBITDA for the quarter ended September 30, 2018 increased 3% to $215.7 million, as compared with Adjusted... More