KAR AUCTION SERVICES, INC.

(KAR)
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Delayed Nyse  -  05/16 04:00:01 pm EDT
14.50 USD   +6.77%
05/11KAR Global Announces Participation in Upcoming Investor Conference
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05/10Carvana Shares Drop 4% After Layoff News, Auction Business Buy
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05/10Carvana Buys ADESA's US Auction Business From KAR Global for $2.2 Billion; Shares Climb Premarket
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ADESA to Fully Deploy Automated Vehicle Tracking Solution Across North America

12/07/2021 | 10:00am EDT

ADESA, a business unit of global wholesale used vehicle digital marketplace operator KAR Auction Services, Inc. d/b/a KAR Global and CoreKinect announced the complete deployment of ADESA's fully automated vehicle tracking solution. The new service—to be fully deployed in the industry—combines a mobile app with a world class GPS-enabled IoT Device to help customers and employees locate vehicles faster at ADESA's more than 70 North America locations. Affixed to each vehicle upon arrival at ADESA, the IoT devices can be accessed through the Vehicle Locator functionality of the ADESA marketplace app. The app shares comprehensive vehicle information, pinpoint location services accurate to a single parking spot, and real-time visibility. Enhanced safety and security measures include push alerts for movement in off-working hours, making ADESA a more secure place to do business. The device operates on LoRaWAN technology, which significantly reduces power consumption and enables the IoT devices to last up to 10 years on a single battery.


ę S&P Capital IQ 2021
All news about KAR AUCTION SERVICES, INC.
05/11KAR Global Announces Participation in Upcoming Investor Conference
PR
05/10Carvana Shares Drop 4% After Layoff News, Auction Business Buy
DJ
05/10Carvana Buys ADESA's US Auction Business From KAR Global for $2.2 Billion; Shares Climb..
MT
05/10KAR AUCTION SERVICES, INC. : Completion of Acquisition or Disposition of Assets, Change in..
AQ
05/10KAR Global Completes Sale of ADESA US Physical Auction Business to Carvana
PR
05/10John Hammer, Chief Commercial Officer Departs from KAR Auction Services, Inc
CI
05/10KAR Global Completes Sale of ADESA US Physical Auction Business to Carvana
CI
05/10Carvana Buys ADESA Auction Business From KAR for $2.2 Billion -- Update
DJ
05/10Carvana Buys ADESA Auction Business From KAR for $2.2 Billion
DJ
05/05KAR Auction's Q1 Results Affected by Commercial Vehicles Shortage, Planned Sale of Phys..
MT
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Financials (USD)
Sales 2022 1 579 M - -
Net income 2022 30,9 M - -
Net Debt 2022 457 M - -
P/E ratio 2022 171x
Yield 2022 -
Capitalization 1 762 M 1 762 M -
EV / Sales 2022 1,41x
EV / Sales 2023 1,28x
Nbr of Employees 8 928
Free-Float 98,5%
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 14,50 $
Average target price 21,71 $
Spread / Average Target 49,8%
EPS Revisions
Managers and Directors
Peter J. Kelly Chief Executive Officer & Director
Eric Michael Loughmiller Executive VP, Chief Financial & Accounting Officer
James P. Hallett Executive Chairman
Michael T. Kestner Lead Independent Director
J. Mark Howell Independent Director
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