Kar Auction Services (KAR) Declares $0.29 Quarterly Dividend; 3.4% Yield
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KAR Auction Services, Inc. Reports 2015 Financial Results and Dividend Increase
February 17, 2016 4:50 PM ESTCARMEL, IN -- (Marketwired) -- 02/17/16 -- KAR Auction Services, Inc. (NYSE: KAR), today reported its fourth quarter financial results for the period ended December 31, 2015. For the fourth quarter of 2015, the company reported revenue of $682.2 million as compared with revenue of $606.0 million for the fourth quarter of 2014, an increase of 13%. Net income for the fourth quarter of 2015 decreased 4% to $48.3 million, or $0.35 per diluted share, as compared with net income of $50.3 million, or $0.35 per diluted share, in the fourth quarter of 2014. Adjusted EBITDA for the quarter ended December 31, 2015 increased 4% to $154.5 million, as compared with Adjusted EBITDA... More
