KAR Reports Net Income Increase Featured

By Staff Writer November 07, 2019

KAR Auction Services, Inc. reported an increase in net income in its third quarter, which ended Sept. 30.

Net income from continuing operations increased 11 percent to $34.4 million, or $0.26 per diluted share, as compared with net income from continuing operations of $30.9 million, or $0.23 per diluted share, in the third quarter of 2018.

The company reported revenue from continuing operations of $701.9 million as compared with revenue from continuing operations of $612.4 million for the third quarter of 2018, an increase of 15 percent.

Included in the company's consolidated results were operating losses from TradeRev of $18.8 million and $14.8 million for the three months ended Sept. 30, 2019 and 2018, respectively.

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Last modified on Thursday, 07 November 2019 16:17

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