Kar Auction Services (KAR) Misses Q4 EPS by 29c, Revenues Miss; Offers FY21 EPS Guidance Below Consensus
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KAR Auction Services, Inc. Reports 2020 Financial Results
February 16, 2021 4:15 PM ESTCARMEL, Ind., Feb. 16, 2021 /PRNewswire/ --Â KAR Auction Services, Inc. (NYSE: KAR), today reported its fourth quarter financial results for the period ended December 31, 2020. For the fourth quarter of 2020, the company reported revenue of $529.6 million as compared with revenue of $671.3 million for the fourth quarter of 2019. Net income (loss) from continuing operations for the fourth quarter of 2020 decreased to a loss of $17.1 million, or $0.21 per diluted share, as compared with net income from continuing operations of $15.3 million, or $0.12 per diluted share, in the fourth quarter of 2019. Adjusted EBITDA for the quarter ended December 31,... More
