Kar Auction Services (KAR) Tops Q3 EPS by 17c, Revenues Miss

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KAR Auction Services, Inc. Reports Third Quarter 2020 Financial Results

November 3, 2020 4:45 PM EST

CARMEL, Ind., Nov. 3, 2020 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its third quarter financial results for the period ended September 30, 2020. For the third quarter of 2020, the company reported revenue of $593.6 million as compared with revenue of $701.9 million for the third quarter of 2019, a decrease of 15%. For the third quarter of 2020, the company reported net income from continuing operations of $47.1 million, or $0.23 per diluted share, as compared with net income from continuing operations of $34.4 million, or $0.26 per diluted share, in the third quarter of 2019. Adjusted EBITDA for the quarter ended September 30,... More