CARMEL, Ind. (AP) _ KAR Auction Services Inc. (KAR) on Tuesday reported a first-quarter loss of $300,000, 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 9 cents. Losses, adjusted for one-time gains and costs, were 2 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The used and salvaged vehicle auctioneer posted revenue of $369.4 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $574 million.

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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