kar auction services, inc. (nyse: kar), a fortune® 1000 company, operates used vehicle auction services for north american sellers and buyers worldwide. based in carmel, ind., the kar group of companies is comprised of adesa, inc. (adesa), insurance auto auctions, inc. (iaa), automotive finance corporation, inc. (afc), and additional business units, with nearly 12,000 employees across the globe. adesa operates 65 wholesale used vehicle auctions and iaa has 165 salvage vehicle auctions. both companies offer leading online auction platforms to provide greater access for customers. afc provides inventory financing and comprehensive business services to primarily independent used vehicle dealers from its 105 locations. together, kar’s complementary businesses provide support, technology and logistics for the used vehicle industry. for more information, visit karauctionservices.com.
Company profile
Ticker
KAR
Exchange
Website
CEO
James Hallett
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
KAR Auction Services, Inc., KAR Holdings, Inc.
SEC CIK
Corporate docs
Subsidiaries
ADESA, Inc. • ADESA Corporation, LLC • ADESA Dealer Services, LLC • ADESA Mexico, LLC • AFC CAL, LLC • Automotive Finance • Automotive Finance Corporation • Autoniq, LLC • AutoVIN, Inc. • MobileTrac LLC ...
IRS number
208744739
KAR stock data
Latest filings (excl ownership)
S-3ASR
Automatic shelf registration
22 Feb 24
10-K
2023 FY
Annual report
21 Feb 24
8-K
OPENLANE, Inc. Reports 2023 Financial Results
20 Feb 24
8-K
Entry into a Material Definitive Agreement
22 Jan 24
10-Q
2023 Q3
Quarterly report
1 Nov 23
8-K
OPENLANE, Inc. Reports Third Quarter 2023 Financial Results
1 Nov 23
10-Q
2023 Q2
Quarterly report
3 Aug 23
8-K
OPENLANE, Inc. Reports Second Quarter 2023 Financial Results
2 Aug 23
8-K
Entry into a Material Definitive Agreement
26 Jun 23
8-K
Submission of Matters to a Vote of Security Holders
5 Jun 23
Transcripts
KAR
Earnings call transcript
2023 Q4
20 Feb 24
KAR
Earnings call transcript
2023 Q3
1 Nov 23
KAR
Earnings call transcript
2023 Q2
3 Aug 23
KAR
Earnings call transcript
2023 Q1
3 May 23
KAR
Earnings call transcript
2022 Q4
22 Feb 23
KAR
Earnings call transcript
2022 Q3
2 Nov 22
KAR
Earnings call transcript
2022 Q2
3 Aug 22
KAR
Earnings call transcript
2022 Q1
4 May 22
KAR
Earnings call transcript
2021 Q4
17 Feb 22
KAR
Earnings call transcript
2021 Q3
3 Nov 21
Latest ownership filings
3
William Clyde Mitchell
10 Apr 24
4
Mary Ellen Smith
1 Apr 24
4
James E. Money II
13 Mar 24
144
Notice of proposed sale of securities
11 Mar 24
4
Scott A Anderson
6 Mar 24
4
Scott A Anderson
29 Feb 24
4
Peter J Kelly
28 Feb 24
4
JAMES P HALLETT
27 Feb 24
4
Scott A Anderson
26 Feb 24
3
Tobin P Richer
16 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 152.10 mm | 152.10 mm | 152.10 mm | 152.10 mm | 152.10 mm | 152.10 mm |
Cash burn (monthly) | 40.13 mm | 2.13 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 273.40 mm | 14.48 mm | n/a | n/a | n/a | n/a |
Cash remaining | -121.30 mm | 137.62 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -3.0 | 64.8 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 198 |
Opened positions | 19 |
Closed positions | 25 |
Increased positions | 48 |
Reduced positions | 84 |
13F shares | Current |
---|---|
Total value | 1.59 tn |
Total shares | 134.80 mm |
Total puts | 10.70 k |
Total calls | 23.90 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Ignition Acquisition | 28.17 mm | $480.28 mm |
BLK Blackrock | 16.85 mm | $251.46 bn |
Vanguard | 12.26 mm | $182.92 bn |
Burgundy Asset Management | 8.45 mm | $126.15 bn |
Dimensional Fund Advisors | 6.66 mm | $99.37 bn |
Snyder Capital Management L P | 5.51 mm | $82.26 bn |
Paradice Investment Management | 4.84 mm | $72.20 bn |
Cardinal Capital Management | 4.36 mm | $65.11 bn |
STT State Street | 4.18 mm | $62.31 bn |
Harris Associates L P | 4.17 mm | $62.24 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 Mar 24 | Smith Mary Ellen | Common Stock | Grant | Acquire A | No | No | 17.3 | 1,337 | 23.13 k | 30,648 |
11 Mar 24 | James E. Money II | Common Stock | Sell | Dispose S | No | No | 15.83 | 14,822 | 234.63 k | 44,604.389 |
11 Mar 24 | James E. Money II | Common Stock | Option exercise | Acquire M | No | No | 13.81 | 14,822 | 204.69 k | 59,426.389 |
11 Mar 24 | James E. Money II | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 13.81 | 14,822 | 204.69 k | 4,941 |
4 Mar 24 | Scott A Anderson | Common Stock | Payment of exercise | Dispose F | No | No | 16.02 | 474 | 7.59 k | 31,872.827 |
4 Mar 24 | Scott A Anderson | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,816 | 0.00 | 32,346.827 |
4 Mar 24 | Scott A Anderson | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,816 | 0.00 | 0 |
28 Feb 24 | Scott A Anderson | Common Stock | Payment of exercise | Dispose F | No | No | 15.04 | 526 | 7.91 k | 30,263.295 |
28 Feb 24 | Scott A Anderson | Common Stock | Option exercise | Acquire M | No | No | 0 | 2,016 | 0.00 | 30,789.295 |
28 Feb 24 | Scott A Anderson | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,016 | 0.00 | 2,025 |
News
B of A Securities Upgrades Openlane to Neutral, Raises Price Target to $20
10 Apr 24
Barrington Research Reiterates Outperform on Openlane, Maintains $25 Price Target
21 Feb 24
Recap: Openlane Q4 Earnings
20 Feb 24
Openlane Q4 2023 Adj EPS $0.16 Beats $0.13 Estimate, Sales $391.30M Miss $393.07M Estimate
20 Feb 24
A Preview Of Openlane's Earnings
19 Feb 24
Press releases
OPENLANE to Announce First Quarter 2024 Earnings
16 Apr 24
Fuel Me Secures $18 Million in Oversubscribed Series A to Redefine Fuel Procurement as We Know It
20 Mar 24
OPENLANE Announces Participation in Upcoming Investor Conference
14 Mar 24
OPENLANE, Inc. Reports 2023 Financial Results
20 Feb 24
OPENLANE Promotes Will Mitchell to Lead AFC
13 Feb 24