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KAR Auction (KAR) Company Profile

Updated Sep 9, 2019
KAR Auction has the following business profile:
Company's Full Name:KAR Auction Services, Inc
Short Name:KAR Auction
Trading Ticker Symbol:KAR
Primary Exchange:NYSE
Headquarter City/Country:Indiana, IN
Primary Industry Sector:Consumer Durables
Seconday Sub-sector:Automotive Aftermarket
Main Business Areas: Consumer Durables, Automotive Aftermarket, Consumer Cyclical, Specialty Retail
Dividend Payments:Dividend History

Market and Trading Information for KAR Auction

The following details were available for trading and market data about the stock of KAR Auction as of writing:
Current Share Price:$27.35
Previous Year's Closing Price:$47.72
Percentage Price Change (YTD):-42.69%
Market Cap:$3.74 billion
52-week Price Range:$16.4 - $28.61
Dividend Per Share:$1.4
EPS (TTM):2.07
Price-Earnings (Trailing):13.24
Price-Earnings (Forward):17.76

Company Profile and Business Description for KAR Auction

KAR Auction Services, Inc., incorporated on November 9, 2006, is a provider of whole car auction services in North America, and salvage auction services in North America and the United Kingdom. The Company operates through three segments: ADESA, Inc. (ADESA Auctions or ADESA), Insurance Auto Auctions, Inc. (IAA) and Automotive Finance Corporation (AFC). It facilitates a marketplace by providing auction services for sellers of used, or whole car, vehicles and salvage vehicles through its physical auction locations, and multiple Internet venues. It facilitates the sale of used and salvage vehicles. It is engaged in providing ancillary services, including transportation, reconditioning, inspections, marshalling, titling and floorplan financing. It facilitates the transfer of ownership directly from seller to buyer and it does not take title to or ownership of vehicles sold through its auctions. The Company has a North American network of whole car auction locations and salvage auction locations. IAA also includes HBC Vehicle Services Limited, which operates from the locations in the United Kingdom. Its auction locations are primarily standalone facilities dedicated to either whole car or salvage auctions.

ADESA

The Company's ADESA segment is a provider of whole car auctions and related services to the vehicle remarketing industry in North America. The Company serves its customer base through online auctions and auction facilities that are developed and located to draw professional sellers and buyers together, and allow the buyers to inspect and compare vehicles remotely or in person. Its online service offerings include ADESA.com, LiveBlock and DealerBlock, and allow the Company to offer vehicles for sale from any location. Vehicles available at its auctions include vehicles from institutional customers, such as off-lease vehicles, repossessed vehicles, rental vehicles and other program fleet vehicles that have reached a predetermined age or mileage and have been repurchased by the manufacturers, as well as vehicles from used vehicle dealers turning their inventory. It also provides customized private label selling systems (including buy now functionality, as well as online auctions) for its customers.

The Company's whole car auctions provide a range of services to sellers and buyers, which include auction related services; transportation services; reconditioning services; inspection services provided by AutoVIN, Inc. (AutoVIN), title and repossession administration and remarketing services; vehicle research services provided by AutoNiq, LLC (AutoNiq), and ADESA analytical services. ADESA provides marketing and advertising for the vehicles to be auctioned, dealer registration, storage of consigned and purchased inventory, clearing of funds, arbitration of disputes, auction vehicle registration, condition report processing, post-sale inspections, security for consigned inventory, title processing, sales results reports, pre-sale lineups and auctioning of vehicles by licensed auctioneers. It provides both inbound (pickup) and outbound (delivery) transportation services utilizing its own equipment and personnel, as well as licensed and insured third-party carriers.

The Company's auctions provide detailing, body work, paintless dent repair (PDR), light mechanical work, glass repair, tire and key replacement, and upholstery repair. AutoVIN provides vehicle condition reporting, inventory verification auditing, program compliance auditing and facility inspections. AutoNiq provides dealers real-time vehicle information, such as pricing, history reports and market guides. ADESA Analytical Services provides market analysis to its customers and the media. These services include access to publications and custom analysis of wholesale market trends for ADESA's customers.

IAA

As a provider of salvage vehicle auctions and related services, the Company operates as IAA in the United States and Impact Auto Auctions in Canada, and serves its customer base through salvage auction locations throughout North America. The Company facilitates the remarketing of vehicles for a range of sellers, including insurance companies, dealerships, rental car companies, fleet lease companies and charitable organizations. Its auctions provide buyers from around the globe with the salvage vehicles they need to fulfill their scrap demand, replacement part inventory or vehicle rebuild requirements. IAA offers a suite of auction, logistics and vehicle selling services. The services provided by IAA include Live and Live Online Auction Model, Total Loss Solutions, Vehicle Inspection Centers, Transportation and Towing, Remarketing market and Donation market.

The Company offers vehicles simultaneously to live and online buyers in a live auction format utilizing i-Bid LIVE technology. Total Loss Solutions provides insurance companies with outsource solutions for the portion of the claims process prior to total loss determination and assignment to a salvage auction. The Total Loss Solutions suite of products includes vehicle inspection and title procurement services. The Remarketing market focuses on vehicles, rental sellers, fleet and leasing companies, banks and dealer trade-in inventory. The Donation market processes vehicles for a range of charitable organizations across the United States and Canada. IAA online solutions include I-Buy Fast, CSAToday and Automated Salvage Auction Processing (ASAP).

AFC

The AFC segment is a provider of floorplan financing to independent used vehicle dealers. AFC provides short-term inventory-secured financing, known as floorplan financing, to independent used vehicle dealers through branches throughout North America. AFC services loan transactions, which include both loans paid off and loans extended, or curtailed. The Company, through Preferred Warranties, Inc., provides new services to independent used vehicle dealers.

The Company competes with Cox Enterprises, Inc., SmartAuction, Copart, Inc. and LKQ Corporation.

13085 Hamilton Crossing Blvd

Peer / Competitor Companies of Automotive Aftermarket Sector

Along with KAR Auction Services, Inc, the following other peer (competitor) companies also exist within the same Automotive Aftermarket - Consumer Durables sector whose company profile and dividend history is as follows:

▶ America's Car-Mart (CRMT): America's Car-Mart, Inc., through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its custom....See Detailed Company Profile  and Dividend History.

▶ Asbury Automotive (ABG): Asbury Automotive Group, Inc. operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and ma....See Detailed Company Profile  and Dividend History.

▶ AutoNation (AN): AutoNation, Inc. (AutoNation), incorporated on May 30, 1991, is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used ....See Detailed Company Profile  and Dividend History.

▶ Camping World (CWH): Camping World Holdings, Inc., incorporated on May 19, 1988, is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates ....See Detailed Company Profile  and Dividend History.

▶ Carmax (KMX): CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers c....See Detailed Company Profile  and Dividend History.

▶ Caseys General Stores (CASY): Caseys General Stores, Inc., incorporated on December 13, 1967, and its subsidiaries, operate convenience stores under the name Caseys General Store in approximately 10 Midwestern states, in Iowa, Missouri, and ....See Detailed Company Profile  and Dividend History.

▶ Cooper Tire and Rubber (CTB): Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells replacement tires in North America, Latin America, Europe, and Asia. The company operates throug....See Detailed Company Profile  and Dividend History.

▶ Copart (CPRT): Copart, Inc. provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation....See Detailed Company Profile  and Dividend History.

▶ CST Brands (CST): CST Brands, Inc. (CST), incorporated on November 7, 2012, is a holding company. The Company is an independent retail of motor fuel and convenience merchandise in the United States and ....See Detailed Company Profile  and Dividend History.

▶ Genuine Parts (GPC): Genuine Parts Company, incorporated on May 7, 1928, is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Companys ....See Detailed Company Profile  and Dividend History.

▶ Goodyear Tire (GT): The Goodyear Tire & Rubber Company (Goodyear), incorporated on August 29, 1898, is a manufacturer of tires. The Company operates through three segments: Americas; Europe, Middle East and Africa (EMEA), ....See Detailed Company Profile  and Dividend History.

▶ Group 1 Automotive (GPI): Group 1 Automotive, Inc., through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contr....See Detailed Company Profile  and Dividend History.

▶ Lithia Motors (LAD): Lithia Motors, Inc. operates automotive franchises, and retails new and used vehicles in the United States. The company operates in three segments: Domestic, Import, and Luxury. It sells new and used ....See Detailed Company Profile  and Dividend History.

▶ Monro Muffler Brake (MNRO): Monro, Inc. provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers a....See Detailed Company Profile  and Dividend History.

▶ Murphy USA (MUSA): Murphy USA Inc. operates a chain of retail stores in the United States. The company's retail stores offer motor fuel products and convenience merchandise. It operates retail stores under the Murphy US....See Detailed Company Profile  and Dividend History.

▶ Penske Automotive (PAG): Penske Automotive Group, Inc., incorporated on December 6, 1990, is an international transportation services company. The Company operates automotive and commercial truck dealerships principally in the United States, Canada and ....See Detailed Company Profile  and Dividend History.

▶ Rush Enterprises (RUSHA): Rush Enterprises, Inc. (Rush), incorporated on March 3, 1965, is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation ....See Detailed Company Profile  and Dividend History.

▶ Rush Enterprises (RUSHB): Rush Enterprises, Inc. (Rush), incorporated on March 3, 1965, is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation ....See Detailed Company Profile  and Dividend History.

▶ Sonic Automotive (SAH): Sonic Automotive, Inc., incorporated on January 30, 1997, is an automotive retailer in the United States. The Companys operating segments include Franchised Dealerships and EchoPark. The Companys Franchised Dealerships segment ....See Detailed Company Profile  and Dividend History.

▶ TravelCenters of America LLC (TA): TravelCenters of America LLC (TravelCenters), incorporated on October 10, 2006, operates and franchises travel centers and convenience store and restaurant locations. The Companys segments include travel centers, convenience stores, and ....See Detailed Company Profile  and Dividend History.

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