Kar Auction Services (KAR) Tops Q4 EPS by 13c

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Go back to Kar Auction Services (KAR) Tops Q4 EPS by 13c

KAR Auction Services, Inc. Reports 2022 Financial Results

February 21, 2023 4:15 PM EST

Total revenue and gross profit increased for the quarter and yearCost actions completed on schedule and contributed to a reduction in fourth quarter selling, general and administrative expensesCompleted consolidation of U.S. dealer-to-dealer marketplaces and migrated European marketplace technology onto a single platformOver $1.5 billion of corporate debt repaid and 12.6 million shares of common stock repurchased and retired for approximately $182 million in 2022

CARMEL, Ind., Feb. 21, 2023 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its fourth quarter and annual financial results for the period ended... More