Kar Auction Services (KAR) Misses Q1 EPS by 22c
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KAR Auction Services, Inc. Reports First Quarter 2022 Financial Results
May 3, 2022 4:15 PM EDTKAR expects to close the transaction selling its ADESA U.S. physical auction business to Carvana, with the proceeds expected to reduce debtKAR reported consistent revenue from continuing operationsFor the first quarter, gross profit per vehicle sold increased year-over-year to $255Continued growth in digital dealer-to-dealer volumes were driven by industry-leading platforms, BacklotCars and TradeRev
CARMEL, Ind., May 3, 2022 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) today reported its first quarter financial results for the period ended March 31, 2022.
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