KAR Auction Services Inc
(NYSE: KAR)
-0.21-0.87%Today's Close
|
23.70
-0.15
-0.61%
After hours
| Exchange: | NYSE |
| Stock: | KAR Auction Services Inc |
| Industry: | Auto Dealerships |
| Employees: | 12,069 |
| KAR Auction Services, Inc. is a provider of vehicle auction services in North America. The Company operates in three business segments: ADESA, Inc. (ADESA), Insurance Auto Auctions, Inc. (IAAI) and Automotive Finance Corporation (AFC). The Company facilitates a marketplace providing auction services for sellers of used, or whole car, vehicles and salvage vehicles through its 228 physical auction locations at December 31, 2011, and multiple Internet venues. During the year ended December 31, 2011, it facilitated the sale of over 3.1 million used and salvage vehicles. Its revenues are generated through auction fees from both vehicle buyers and sellers, as well as by providing value-added ancillary services, including inspections, storage, transportation, reconditioning, salvage recovery, titling, and floorplan financing. December 31, 2011, it had a network of 69 whole car auction locations and 159 salvage auction locations. |
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