KAR Auction Services, Inc. (NYSE:KAR ) Q4 2022 Earnings Conference Call February 22, 2023 8:30 AM ET Company Participants Mike Eliason - Treasurer & VP IR Peter Kelly - CEO Scott Anderson - CFO Conference Call Participants John Murphy - Bank of America Rajat Gupta - JP Morgan Gary Prestopino - Barrington Research Peter Lucas - CJS Securities Operator Good morning and welcome to the KAR Auction Services Inc. 2022 Year End Earnings Conference Call. All participants will be in a listen-only mode [Operator Instructions].

KAR Auction Services, Inc. (KAR) Q4 2022 Earnings Call Transcript

KAR Auction Services (KAR) delivered earnings and revenue surprises of 83.33% and 3.16%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

KAR Auction Services (KAR) Q4 Earnings and Revenues Surpass Estimates

CARMEL, Ind. , Feb. 8, 2023 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its fourth quarter and full year 2022 financial results after the market closes on Tuesday, February 21, 2023.

KAR Auction Services, Inc. to Announce Fourth Quarter and Full Year 2022 Earnings

KAR Auction Services has posted some promising financial data as of late, with sales, profits, and cash flows all improving year-over-year. There have been some signs of pain recently, and that trend will likely worsen from here.

KAR Auction Services: Cheap Enough To Be Worth The Risk

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KAR Auction Services (KAR) delivered earnings and revenue surprises of -66.67% and 0.01%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

KAR Auction Services (KAR) Misses Q3 Earnings and Revenue Estimates

KAR Auction Services, Inc., together with its subsidiaries, provides used vehicle auctions and related vehicle remarketing services for the automotive industry in the United States, Europe, Canada, Mexico, and the United Kingdom. The company operates through two segments, ADESA Auctions 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, vehicle research, and analytical services, as well as data as a service. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. As of December 31, 2021, this segment had a network of approximately 70 vehicle logistics center locations in North America. The AFC segment offers floorplan financing, a short-term inventory-secured financing to independent used vehicle dealers; and sells vehicle service contracts. The company provides wheel repair and hail catastrophe response services. It serves vehicle manufacturers, vehicle rental companies, financial institutions, commercial fleets and fleet management companies, and dealer customers. 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 incorporated in 2006 and is headquartered in Carmel, Indiana.