Kar Auction Services Inc

NYSE: KAR

KAR
  • Kar Auction Services Inc

  • Sector

    Industrials

  • Industry

  • Company web

    Link

  • Employees

    Full Time Employees: 17,400

  • Executives

    • James Hallett
    • Eric Loughmiller
    • Peter Kelly
    • John Kett
    • James Money
    • Lisa Scott
    • Stephane St. Hilaire
    • David Vignes
    • Donald Gottwald
    • Thomas Fisher

  • Company address

    • 13085 Hamilton Crossing Boulevard
    • Carmel, IN 46032
    • United States of America
    • 1-800-923-3725

  • Investor Relation Site

    Link

KAR Auction Services, Inc., together with its subsidiaries, provides vehicle auction services in the United States, Canada, Mexico, and the United Kingdom. It operates in three segments: ADESA Auctions, IAA, and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities. It also provides value-added services, such as auction related, transportation, reconditioning, inspection, title and repossession administration and remarketing, vehicle research, and analytical services. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. The IAA segment offers various loss solutions and salvage vehicle auction services that facilitate the remarketing of vehicles for a range of sellers, including insurance companies, dealerships, rental car companies, fleet lease companies, and charitable organizations. This segment also provides catastrophe, vehicle inspection center, and transportation and towing services. The AFC segment offers floorplan financing, a short-term inventory-secured financing, to independent used vehicle dealers. As of December 31, 2016, the company had a network of 77 whole car auction locations and 172 salvage auction sites. The company was formerly known as KAR Holdings, Inc. and changed its name to KAR Auction Services, Inc. in November 2009. KAR Auction Services, Inc. was founded in 2006 and is headquartered in Carmel, Indiana.

Kar Auction Services Inc: Slide deck


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