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"KAR Auction Services Inc. (NYSE:KAR) released its earnings results on Tuesday. The company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.01. The firm earned $771.80 million during the quarter, compared to the consensus estimate of $757.67 million. During the same quarter last year, the firm earned $0.51 EPS. […]", www.com-unik.info
"J. P. Morgan Auto Conference 2016Eric Loughmiller, Chief Financial Officer and Executive Vice President, and Mike Eliason, Treasurer and Vice President Investor Relations, will speak on Tuesday, August 9th at 2:15 pm EDT Webcast of the presentation will be made available under the investor relations section of the company’s web site, www.karauctionservices.com.About KAR Auction ServicesKAR Auction Services, Inc. (NYSE:KAR), a FORTUNE® 1000 company, operates worldwide vehicle auction services and provides related services. Based in Carmel, Indiana, the KAR group of companies is comprised of ADESA, Inc. (ADESA), Insurance Auto Auctions, Inc. (IAA), Automotive Finance Corporation (AFC), and additional business units, with approximately 17,000 employees and 300 locations. Together, KAR’s complementary businesses provide support, technology and logistics for the used vehicle industry. For more information, visit", www.digitaljournal.com
"For the six months ended June 30, 2016, the company reported revenue of $1,516.8 million as compared with revenue of $1,290.7 million for the six months ended June 30, 2015, an increase of 18%. Net income for the six months ended June 30, 2016 increased 7% to $122.5 million, or $0.88 per diluted share, as compared with net income of $114.0 million, or $0.79 per diluted share, in the first six months of 2015. Adjusted EBITDA for the six months ended June 30, 2016 increased 16% to $386.6 million, as compared with Adjusted EBITDA of $332.2 million for the six months ended June 30, 2015. Operating adjusted net income per diluted share increased 13% to $1.11 for the six months ended June 30, 2016, as compared with operating adjusted net income per diluted share of $0.98 for the six months ended June 30, 2015. The company also announced a cash dividend today of $0.29 per share on the company’s common stock. The dividend is payable on October 4, 2016, to stockholders of record as of", www.digitaljournal.com
"KAR Auction Services Inc. saw a higher profit in the second quarter as revenue jumped 17 percent. The Carmel-based company on Tuesday reported second-quarter profit of $61.8 million, or 44 cents per share, up 4 percent from $59.5 million, or 41 cents per share, in the second quarter of 2015. Earnings, adjusted for amortization costs, were 55 cents per share. That barely missed the average prediction of 56 cents per share by five analysts surveyed by Zacks Investment Research. The used and salvaged vehicle auctioneer . . .", www.ibj.com
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