KAR Auction Services

KAR
Delayed Nyse - 04/03 10:10:00 pm
9.5USD
-13.08%
Business Summary
Consumer Cyclical
Retailers
 Other Specialty Retailers
  Auto Vehicles, Parts & Service Retailers
   Used Car Dealers
KAR Auction Services, Inc. is a provider of whole car auction services in North America. The Company operates through two segments: ADESA, Inc. (ADESA Auctions or ADESA) and Automotive Finance Corporation (AFC). The ADESA segment is a provider of whole car auctions and related services to the vehicle remarketing industry in North America. It 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. The AFC segment provides floorplan financing to independent used vehicle dealers. Its online service offerings include ADESA.com, LiveBlock and DealerBlock that allows users to offer vehicles for sale from any location.

Number of employees : 15 300 people.
Sales per Businesses
2019
USD
(in Million)
%
ADESA Auctions 2,42987.3%
Automotive Finance Corporation 352.9012.7%
Sales per Regions
20182019
USD
(in Million)
%USD
(in Million)
%
United States 3,26386.6% 2,26881.5%
Foreign 506.2013.4% 514.4018.5%
Managers
Name Title
James P. Hallett Chairman & Chief Executive Officer
Peter J. Kelly President
Eric Michael Loughmiller Executive VP, Chief Financial & Accounting Officer
Thomas J. Fisher Chief Information Officer & Executive VP
Michael T. Kestner Independent Director
Stephen E. Smith Independent Director
J. Mark Howell Independent Director
Mark E. Hill Independent Director
David Mauro DiDomenico Director
Mary Ellen Smith Director
Shareholders
Name Equities %
The Vanguard Group, Inc. 14,783,023 11.5%
Wellington Management Co. LLP 9,356,074 7.26%
First Manhattan Co. 6,752,867 5.24%
Gates Capital Management, Inc. 6,018,419 4.67%
Shapiro Capital Management LLC 5,048,530 3.92%
Boston Partners Global Investors, Inc. 4,841,138 3.76%
Snyder Capital Management LP 4,524,088 3.51%
BlackRock Fund Advisors 4,388,303 3.41%
Capital Research & Management Co. (Global Investors) 4,062,032 3.15%
Cardinal Capital Management LLC 4,051,384 3.14%
Sector Used Car Dealers
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