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KAR| Name | Value |
|---|---|
| Revenues | 460.1M |
| Cost of Revenue | 241.6M |
| Gross Profit | 218.5M |
| Operating Expense | 166.8M |
| Operating I/L | 51.7M |
| Other Income/Expense | 1.0M |
| Interest Income | 0.0M |
| Pretax | 52.7M |
| Income Tax Expense | 15.8M |
| Net Income/Loss | 36.9M |
KAR Auction Services, Inc. provides used vehicle auctions and remarketing services in the automotive industry. Through its ADESA Auctions segment, the company offers online and facility-based whole car auctions, along with value-added services such as transportation, reconditioning, and vehicle research. The AFC segment provides short-term inventory-secured financing to independent used vehicle dealers and sells vehicle service contracts. KAR Auction Services serves a wide range of clients including vehicle manufacturers, rental car companies, and financial institutions. The company generates revenue by facilitating vehicle auctions, providing financing, and offering related value-added services.
