CARMEL, Ind. (AP) _ KAR Auction Services Inc. (KAR) on Tuesday reported a fourth-quarter loss of $17.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Carmel, Indiana-based company said it had a loss of 21 cents. Losses, adjusted for one-time gains and costs, came to 1 cent per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The used and salvaged vehicle auctioneer posted revenue of $529.6 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $566.7 million.

For the year, the company reported profit of $500,000, or 16 cents per share. Revenue was reported as $218 million.

KAR Auction Services expects full-year earnings to be 87 cents per share.

KAR Auction Services shares have fallen nearly 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.46, a decrease of 18% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KAR at https://www.zacks.com/ap/KAR

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