KAR Auction Services, Inc. (NYSE:KAR), reported its first quarter financial results for the period ended March 31, 2016. For the first quarter of 2016, the company reported revenue of $745.0 million as compared with revenue of $632.4 million for the first quarter of 2015, an increase of 18 percent.
Net income for the first quarter of 2016 increased 11 percent to $60.7 million, or $0.44 per diluted share, as compared with net income of $54.5 million, or $0.38 per diluted share, in the first quarter of 2015. Adjusted EBITDA for the quarter ended March 31, 2016 increased 17 percent to
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