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KAR Auction Services Inc (KAR.N)

KAR.N on New York Stock Exchange

44.41USD
22 Aug 2017
Change (% chg)

$0.23 (+0.52%)
Prev Close
$44.18
Open
$44.23
Day's High
$44.56
Day's Low
$44.08
Volume
406,232
Avg. Vol
245,578
52-wk High
$47.01
52-wk Low
$38.16

Latest Key Developments (Source: Significant Developments)

IAA expands in Indiana, Kansas, Utah, Minnesota, Virginia and Alabama
Wednesday, 16 Aug 2017 08:00am EDT 

Aug 16 (Reuters) - KAR Auction Services Inc ::IAA expands in Indiana, Kansas, Utah, Minnesota, Virginia and Alabama.KAR Auction Services Inc - Expansion of facilities in six states across U.S.​.  Full Article

KAR Auction Services reports Q2 earnings per share $0.41
Tuesday, 8 Aug 2017 04:15pm EDT 

Aug 9 (Reuters) - KAR Auction Services Inc -:KAR Auction Services Inc reports second quarter 2017 financial results.Q2 adjusted operating earnings per share $0.65.Q2 earnings per share $0.41.Q2 revenue $858 million versus I/B/E/S view $852.1 million.Q2 earnings per share view $0.58 -- Thomson Reuters I/B/E/S.KAR Auction Services Inc sees 2017 net income per share $1.57 - $1.67.KAR Auction Services Inc sees 2017 capital expenditures $145 million.KAR Auction Services Inc sees 2017 operating adjusted net income per share $2.15 - $2.25.FY2017 earnings per share view $2.22 -- Thomson Reuters I/B/E/S.  Full Article

Kar Auction Services announces pricing and upsizing of debt financing
Monday, 22 May 2017 06:23pm EDT 

May 22 (Reuters) - Kar Auction Services Inc :Kar Auction Services announces pricing and upsizing of debt financing.Has priced its previously announced offering of 5.125 pct senior notes due 2025.Size of offering has been increased from $800 million to $950 million..Intends to use net proceeds from notes offering to repay portion of existing term loans outstanding under senior secured credit facilities.Expects to increase revolving commitments under senior secured credit facilities from $300 million to $350 million.Notes are expected to be issued at an issue price of 100 pct.  Full Article

KAR Auction Services announces proposed notes offering
Monday, 22 May 2017 07:58am EDT 

May 22 (Reuters) - KAR Auction Services Inc :KAR Auction Services announces proposed notes offering.Plans to offer, subject to market conditions, approximately $800 million aggregate principal amount of senior notes due 2025.KAR Auction Services says to use net proceeds to repay a portion of existing term loans outstanding under its senior secured credit facilities.  Full Article

KAR AUCTION SERVICES' UNIT ACQUIRES DEPENDABLE AUTO SHIPPERS BUSINESS
Wednesday, 17 May 2017 01:00pm EDT 

May 17 (Reuters) - Kar Auction Services Inc :CARSARRIVE NETWORK ACQUIRES DEPENDABLE AUTO SHIPPERS BUSINESS.KAR AUCTION SERVICES INC SAYS ITS CARSARRIVE NETWORK SUBSIDIARY HAS ACQUIRED VEHICLE TRANSPORTATION BUSINESS OF DEPENDABLE AUTO SHIPPERS.  Full Article

Kar Auction Services seeks to refinance and reprice existing debt
Tuesday, 9 May 2017 04:16pm EDT 

May 9 (Reuters) - Kar Auction Services Inc :Kar Auction Services seeks to refinance and reprice existing debt.Kar Auction Services Inc - Seeking to refinance and reprice its existing term loans under its senior secured credit facilities.Kar Auction Services - Intends to issue senior notes to refinance a portion of term loans and reprice remainder of term loans that are not refinanced.  Full Article

Kar Auction Services reports Q1 earnings per share $0.50
Tuesday, 9 May 2017 04:15pm EDT 

May 9 (Reuters) - Kar Auction Services Inc :Kar Auction Services, Inc. reports first quarter 2017 financial results.Q1 adjusted operating earnings per share $0.62.Q1 earnings per share $0.50.Q1 revenue $866.6 million versus I/B/E/S view $848.1 million.Q1 earnings per share view $0.60 -- Thomson Reuters I/B/E/S.Previously stated outlook for 2017 remains unchanged.FY 2017 earnings per share view $2.21, revenue view $3.41 billion -- Thomson Reuters I/B/E/S.  Full Article

KAR acquires Drivin to bolster data analytic capabilities
Wednesday, 19 Apr 2017 07:30am EDT 

April 19 (Reuters) - KAR Auction Services Inc ::KAR acquires Drivin to bolster data analytic capabilities and strengthen leading remarketing platform.KAR Auction Services Inc - deal was a $43 million stock purchase transaction.KAR Auction Services Inc- company will also retain chicago location and key members of Drivin leadership team.  Full Article

KAR Auction Services Q4 earnings per share $0.33
Tuesday, 21 Feb 2017 04:40pm EST 

KAR Auction Services Inc : KAR Auction Services, Inc. Reports 2016 financial results and the fourth quarter repurchase of 1.9 million shares . Q4 earnings per share $0.33 . Q4 revenue $813.7 million versus I/B/E/S view $786.6 million . Q4 earnings per share view $0.48 -- Thomson Reuters I/B/E/S . Q4 adjusted operating earnings per share $0.45 . KAR Auction Services Inc sees 2017 net income per share $1.70 - $1.80 . Kar auction services inc - sees fy operating adjusted net income per share $2.15 - $2.25 . Sees 2017 capital expenditures of $145 million .Fy2017 earnings per share view $2.40 -- Thomson Reuters I/B/E/S.  Full Article

KAR Auction Services extends Midwest Platform with acquisition of Flint Auto Auction
Tuesday, 15 Nov 2016 09:20am EST 

KAR Auction Services Inc :KAR Auction Services extends midwest platform with acquisition of Flint Auto Auction.  Full Article