Kar Auction Services (KAR) Tops Q4 EPS by 3c, Revenues Miss; Offers FY19 EPS Guidance Below Consensus
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KAR Auction Services, Inc. Reports 2018 Financial Results
February 19, 2019 4:15 PM ESTCARMEL, Ind., Feb. 19, 2019 /PRNewswire/ --Â KAR Auction Services, Inc. (NYSE: KAR), today reported its fourth quarter financial results for the period ended December 31, 2018. For the fourth quarter of 2018, the company reported revenue of $929.0 million as compared with revenue of $890.4 million for the fourth quarter of 2017, an increase of 4%. Net income for the fourth quarter of 2018 decreased 61% to $67.3 million, or $0.50 per diluted share, as compared with net income of $172.8 million, or $1.27 per diluted share, in the fourth quarter of 2017. Adjusted EBITDA for the quarter ended December 31, 2018 increased 6% to $206.6 million, as compared with Adjusted... More
