Kar Auction Services (KAR) Tops Q1 EPS by 34c

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Go back to Kar Auction Services (KAR) Tops Q1 EPS by 34c

KAR Auction Services, Inc. Reports First Quarter 2021 Financial Results

May 4, 2021 4:20 PM EDT

CARMEL, Ind., May 4, 2021 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) today reported its first quarter financial results for the period ended March 31, 2021. For the first quarter of 2021, the company reported revenue of $581.6 million as compared with revenue of $645.5 million for the first quarter of 2020, a decrease of 10%. Net income for the first quarter of 2021 increased to $50.9 million, or $0.25 per diluted share, as compared with net income of $2.8 million, or $0.02 per diluted share, in the first quarter of 2020. Adjusted EBITDA for the quarter ended March 31, 2021 increased 39% to $123.2 million, as compared with... More