Kar Auction Services (KAR) Misses Q2 EPS by 3c
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KAR Auction Services, Inc. Reports Second Quarter 2022 Financial Results
August 2, 2022 4:16 PM EDTKAR completed the sale of its ADESA U.S. physical auction business to Carvana and is using the proceeds to reduce debtThe company has over $800 million of available cash as of June 30, 2022The company is concurrently announcing a tender offer to purchase up to $600 million principal amount of senior notes Repurchased $82 million of common stock in the second quarterThe company's performance was impacted by reductions in conversion rates across its marketplaces
CARMEL, Ind., Aug. 2, 2022 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE:... More
