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Last €32.84 EUR
Change Today +1.26 / 3.99%
Volume 0.0
XKR On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 1:50 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

kar auction services inc (XKR) Snapshot

Open
€31.92
Previous Close
€31.58
Day High
€32.84
Day Low
€31.88
52 Week High
08/6/15 - €36.06
52 Week Low
10/15/14 - €20.30
Market Cap
4.7B
Average Volume 10 Days
0.5
EPS TTM
--
Shares Outstanding
141.8M
EX-Date
09/21/15
P/E TM
--
Dividend
€1.07
Dividend Yield
2.74%
Current Stock Chart for KAR AUCTION SERVICES INC (XKR)

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kar auction services inc (XKR) Details

KAR Auction Services, Inc., together with its subsidiaries, provides vehicle auction services in North America. 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, and analytical services. This segment sells its products and services through vehicle manufacturers, rental car companies, and finance companies. The IAA segment offers salvage vehicle auctions and related 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 title management, 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, 2014, the company had a network of 65 whole car auction and 168 salvage auction locations. 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.

9,450 Employees
Last Reported Date: 02/18/15
Founded in 2006

kar auction services inc (XKR) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $900.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $442.5K
Chief Operating Officer
Total Annual Compensation: $523.4K
Chief Executive Officer of ADESA and Presiden...
Total Annual Compensation: $434.4K
Chief Client Officer
Total Annual Compensation: $510.0K
Compensation as of Fiscal Year 2014.

kar auction services inc (XKR) Key Developments

KAR Auction Services Seeks Acquisitions

KAR Auction Services, Inc. (NYSE:KAR) is looking for acquisitions. Jim Hallett, Chief Executive Officer of KAR Auction Services said "we continue to prioritize strategic growth as the best use of our capital, we've done a realistic assessment of the next two to three quarters, which indicates we will not have the same pace of acquisitions as we had in the first half of 2015. And I do want to emphasize that this does not mean we will slow down on identifying and hopefully acquiring businesses that provide growth opportunities."

KAR Auction Services, Inc. Announces Quarterly Cash Dividend, Payable on October 1, 2015

KAR Auction Services, Inc. announced a cash dividend of $0.27 per share on the company's common stock. The dividend is payable on October 1, 2015, to stockholders of record as of the close of business on September 23, 2015.

KAR Auction Services, Inc. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Fiscal 2015

KAR Auction Services, Inc. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the second quarter of 2015, the company reported revenue of $658.3 million as compared with revenue of $585.6 million for the second quarter of 2014, an increase of 12%. Adjusted EBITDA for the quarter ended June 30, 2015 increased 10% to $170.0 million, as compared with adjusted EBITDA of $154.1 million for the quarter ended June 30, 2014. Net income for the second quarter of 2015 increased 17% to $59.5 million, or $0.41 per diluted share, as compared with net income of $50.8 million, or $0.36 per diluted share, in the second quarter of 2014. Adjusted net income per diluted share for the quarter ended June 30, 2015 increased 10% to $0.46 versus adjusted net income per diluted share of $0.42 for the quarter ended June 30, 2014. Operating profit was $116.5 million compared to $100.9 million a year ago. Income before income taxes was $94.3 million compared to $80.9 million a year ago. Adjusted net income was $66.3 million compared to $60.2 million a year ago. For the six months ended June 30, 2015, the company reported revenue of $1,290.7 million as compared with revenue of $1,169.4 million for the six months ended June 30, 2014, an increase of 10%. Adjusted EBITDA for the six months ended June 30, 2015 increased 10% to $332.2 million, as compared with adjusted EBITDA of $301.2 million for the six months ended June 30, 2014. Net income for the first six months of 2015 increased 59% to $114.0 million, or $0.79 per diluted share, as compared with net income of $71.5 million, or $0.51 per diluted share in the first six months of 2014. Net income for the six months ended June 30, 2014 was negatively impacted by $19.4 million or $0.14 per diluted share resulting from the company's refinancing activities. Adjusted net income per diluted share for the six months ended June 30, 2015 increased 6% to $0.88 versus adjusted net income per diluted share of $0.83 for the six months ended June 30, 2014. Operating profit was $224.4 million compared to $185.3 million a year ago. Income before income taxes was $183.4 million compared to $111.4 million a year ago. Net cash provided by operating activities was $200.5 million compared to $231.4 million a year ago. Purchase of property, equipment and computer software was $64.2 million compared to $47.3 million a year ago. Adjusted net income was $127.4 million compared to $116.6 million a year ago. The company is providing the earnings guidance for fiscal 2015. The company expected adjusted EBITDA in the range of $635 - $665 million, capital expenditure of $134 million, free cash flow before dividend payments in the range of $310 - $335 million, effective tax rate of 38%, net income per share in the range of $1.43 - $1.58, adjusted net income per share in the range of $1.62 - $1.77, free cash flow per share in the range of $2.17 - $2.35. EBITDA increase reflects the impact of the acquisitions completed in the first half of the year.

 

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Valuation XKR Industry Range
Price/Earnings 24.8x
Price/Sales 2.1x
Price/Book 3.3x
Price/Cash Flow 12.5x
TEV/Sales 0.9x
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