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KAR

KAR Auction Services Inc

$16.28

Earnings Summary

Revenue
$384.2Mn
Net Profits
$210.2Mn
Net Profit Margins
54.71%

Highlights

Revenue:

KAR Auction Services Inc’s revenue fell -34.37% since last year same period to $384.2Mn in the Q2 2022. On a quarterly growth basis, KAR Auction Services Inc has generated 4.01% jump in its revenue since last 3-months.

Net Profits:

KAR Auction Services Inc’s net profit jumped 1727.83% since last year same period to $210.2Mn in the Q2 2022. On a quarterly growth basis, KAR Auction Services Inc has generated 70166.67% jump in its net profits since last 3-months.

Net Profit Margins:

KAR Auction Services Inc’s net profit margin jumped 2685.03% since last year same period to 54.71% in the Q2 2022. On a quarterly growth basis, KAR Auction Services Inc has generated 67467.59% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the KAR Auction Services Inc post its latest quarter earnings

EPS Estimate Current Quarter
0.09
EPS Estimate Current Year
0.09

Highlights

EPS Estimate Current Quarter:

KAR Auction Services Inc’s earning per share (EPS) estimates for the current quarter stand at 0.09 - a -30.77% fall from last quarter’s estimates.

EPS Estimate Current Year:

KAR Auction Services Inc’s earning per share (EPS) estimates for the current year stand at 0.09.

Key Ratios

Key ratios of the KAR Auction Services Inc post its Q2 2022 earnings

Earning Per Share (EPS)
1.45
Return on Assets (ROA)
0.02
Return on Equity (ROE)
0.02
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

KAR Auction Services Inc’s earning per share (EPS) jumped 866.67% since last year same period to 1.45 in the Q2 2022. This indicates that the KAR Auction Services Inc has generated 866.67% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. KAR Auction Services Inc’s return on assets (ROA) stands at 0.02.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. KAR Auction Services Inc’s return on equity (ROE) stands at 0.02.

Dividend Per Share (DPS):

KAR Auction Services Inc declared 0 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-04
0.13
-0.02
-115.38%
2022-06-30
0.09
1.45
1511.11%

Company Information

KAR Auction Services, Inc. d/b/a KAR Global, provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. KAR Global's unique end-to-end platform supports whole car, financing, logistics and other ancillary and related services, including the sale of nearly 3.1 million units valued at approximately $30 billion through its auctions in 2020. The Company's integrated physical, online and mobile marketplaces reduce risk, improve transparency and streamline transactions for customers in about 75 countries. Headquartered in Carmel, Indiana, KAR Global has employees across the United States, Canada, Mexico, Uruguay, U.K. and Europe.

Organisation
KAR Auction Services Inc
Headquarters
Carmel, Indiana, US
Employees
15K
Industry
Commercial Services
CEO
James Hallett