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.
“Our first quarter results were in line with our budget and expectations,” said Jim Hallett, chairman and
Subscribers need to be logged in to see this part of the content. Please Login to access. Or, if you haven't previously subscribed, click here for information on our satisfaction guaranteed subscription options.
Leave a Reply
You must be logged in to post a comment.