Kar Auction Services (KAR) Misses Q4 EPS by 10c, Revenues Beat; Offers FY20 EPS Guidance Below Consensus

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Go back to Kar Auction Services (KAR) Misses Q4 EPS by 10c, Revenues Beat; Offers FY20 EPS Guidance Below Consensus

KAR Auction Services, Inc. Reports 2019 Financial Results

February 18, 2020 5:00 PM EST

CARMEL, Ind., Feb. 18, 2020 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its fourth quarter financial results for the period ended December 31, 2019. For the fourth quarter of 2019, the company reported revenue from continuing operations of $671.3 million as compared with revenue from continuing operations of $593.8 million for the fourth quarter of 2018, an increase of 13%. Net income from continuing operations for the fourth quarter of 2019 increased 1% to $15.3 million, or $0.12 per diluted share, as compared with net income from continuing operations of $15.1 million, or $0.11 per diluted share, in the fourth quarter of 2018. Adjusted EBITDA... More