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You are here: Home / News / KAR Auction Services  Reports First Quarter Revenue Up 10%

KAR Auction Services  Reports First Quarter Revenue Up 10%

May 8, 2019 By CollisionWeek Editor

CEO says firm advancing proposed spin-off of Insurance Auto Auctions.

KAR Auction Services, Inc. (NYSE: KAR) reported its first quarter revenue of $1.0468 billion as compared with revenue of $950.5 million for the first quarter of 2018, an increase of 10 percent. Net income for the first quarter of 2019, ended March 31, decreased 14 percent to $77.8 million, or $0.58 per diluted share, as compared with net income of $90.0 million, or $0.66 per diluted share, in the first quarter of 2018.

KAR Auction Services logo“Our first quarter results were in line with our budget and expectations,” said Jim Hallett, chairman and

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Filed Under: News Tagged With: Earnings, Insurance Auto Auctions, KAR Auction Services

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