KAR Auction Services, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 99.1 million compared to USD 75.6 million a year ago. Revenue was USD 393 million compared to USD 347.1 million a year ago. Net loss was USD 5.8 million compared to USD 1 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.31 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to USD 0.31 a year ago. Basic loss per share was USD 0.15 compared to USD 0.1 a year ago. Diluted loss per share was USD 0.15 compared to USD 0.1 a year ago.
For the nine months, sales was USD 275.2 million compared to USD 210 million a year ago. Revenue was USD 1,146.6 million compared to USD 1,092.9 million a year ago. Net income was USD 204.1 million compared to USD 61.4 million a year ago. Basic loss per share from continuing operations was USD 0.3 compared to USD 0.3 a year ago. Diluted loss per share from continuing operations was USD 0.3 compared to USD 0.3 a year ago. Basic earnings per share was USD 1.11 compared to USD 0.2 a year ago. Diluted earnings per share was USD 1.11 compared to USD 0.2 a year ago.