Market Capitalization (Millions $) |
1,657 |
Shares
Outstanding (Millions) |
104 |
Employees |
- |
Revenues (TTM) (Millions $) |
1,645 |
Net Income (TTM) (Millions $) |
-154 |
Cash Flow (TTM) (Millions $) |
-119 |
Capital Exp. (TTM) (Millions $) |
52 |
Openlane Inc
KAR Auction Services, Inc. is a global vehicle remarketing company based in Carmel, Indiana, United States. The company was founded in 2006 and has since grown to become one of the world's largest wholesale vehicle auction companies. KAR Auction Services, Inc. provides a full spectrum of services to its clients, including financing, transportation, and warehousing.
KAR Auction Services, Inc. operates in three main business units: ADESA Auctions, Insurance Auto Auctions, and Automotive Finance Corporation. ADESA Auctions is a leading provider of vehicle auctions and related services in North America. Insurance Auto Auctions is a leading provider of salvage vehicle auctions and related services in North America. Automotive Finance Corporation provides inventory financing and related services to vehicle dealers in North America.
KAR Auction Services, Inc. has a diverse customer base, including vehicle manufacturers, insurance companies, rental car companies, fleet and lease companies, and dealers. The company operates more than 75 auction locations in North America and Europe, and sells more than5 million vehicles annually.
In addition to its core business, KAR Auction Services, Inc. has made significant investments in technology and innovation. The company has introduced innovative digital auction platforms that enable buyers and sellers to conduct business remotely. KAR Auction Services, Inc. has also invested in data analytics, machine learning, and artificial intelligence to improve its services and enhance customer experiences.
KAR Auction Services, Inc. is committed to sustainable business practices and has implemented programs to reduce its environmental footprint. The company has also established a foundation to support charitable organizations in the communities where it operates.
In summary, KAR Auction Services, Inc. is a global leader in vehicle remarketing, offering a broad range of services to diverse customer groups across North America and Europe. The company has a strong commitment to innovation, sustainability, and philanthropy.
Company Address: 11299 N. Illinois Street Carmel 46032 IN
Company Phone Number: 923-3725 Stock Exchange / Ticker: NYSE KAR
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