Kar Auction Services (KAR) Reports In-Line Q1 EPS, Maintains FY EPS Guidance
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KAR Auction Services, Inc. Reports First Quarter 2015 Results
May 5, 2015 4:15 PM EDTCARMEL, IN -- (Marketwired) -- 05/05/15 -- KAR Auction Services, Inc. (NYSE: KAR) today reported its first quarter financial results for the period ended March 31, 2015. For the first quarter of 2015, the company reported revenue of $632.4 million as compared with revenue of $583.8 million for the first quarter of 2014, an increase of 8%. Adjusted EBITDA for the quarter ended March 31, 2015 increased 10% to $162.2 million, as compared with Adjusted EBITDA of $147.1 million for the quarter ended March 31, 2014. Net income for the first quarter of 2015 increased 163% to $54.5 million, or $0.38 per diluted share, as compared with net income of $20.7 million, or $0.15... More
