Kar Auction Services inc   (KAR)
    Sector  Retail    Industry Automotive Aftermarket
   Industry Automotive Aftermarket
   Sector  Retail

The company disclosed that it has faced strong obstacles, over the fourth quarter of 2022

company delivered fourth quarter of 2022 operating profit of $87.7 millions

Published Mar 22 2023
Goran Soko / CSIMarket.com Contributer

traffic-car-vehicle-black Kar Auction Services Inc has realized income rise of 285.11 % to $0.07 per share, on rapidly declining Revenue of -32.144 % to $372.80 millions for the fourth quarter of 2022 year on year.

compared to the preceding reporting season earnings per share turned positive from $-0.15 per share and Revenue decreased by -5.14 % from $393.00 millions.

Net profits of $37.100 millions in the fiscal period ending December 31 2022 increased by 627.45 % from net earnings of $5.100 millions reported in the fiscal period ending December 31 2022 a year ago. Kar Auction Services Inc also emphasized it's improving profit margins, where net margin rose to 9.95% in fiscal period ending December 31 2022, and operating margin edged up to 23.52%.
Operating earnings, on the other hand, improved just 92.75% to $87.7 millions. Studying more the financial reports for the financial year 2022, Kar Auction Services Inc announced Revenues of $1.52 billions and net income of $241.20 millions.

Automotive Aftermarket company explained as well, that Eps surged by 712.5 % to $1.30 per share from $0.16 in the preceding financial year , contributesRevenue Tumbled by -32.52 % from $2.25 billions a year prior.

Kar Auction Services Inc is expected to report next financial recent numbers on May 03, 2023.

Kar Auction Services Inc's Revenue per Employee

Kar Auction Services Inc's Effective Tax Rate


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