Kar Auction Services (KAR) Misses Q2 EPS by 3c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/23/2026

1. META
2. TSLA
3. IBM
4. TXN
5. MRNA
6. MRK
7. LVS
8. SAP
9. CSX
10. LRCX

Go back to Kar Auction Services (KAR) Misses Q2 EPS by 3c

KAR Auction Services, Inc. Reports Second Quarter 2022 Financial Results

August 2, 2022 4:16 PM EDT

KAR completed the sale of its ADESA U.S. physical auction business to Carvana and is using the proceeds to reduce debtThe company has over $800 million of available cash as of June 30, 2022The company is concurrently announcing a tender offer to purchase up to $600 million principal amount of senior notes Repurchased $82 million of common stock in the second quarterThe company's performance was impacted by reductions in conversion rates across its marketplaces

CARMEL, Ind., Aug. 2, 2022 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE:... More