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KAR Auction Services, Inc. (KAR)

41.23 Up 0.23(0.56%) May 27, 4:02PM EDT
|After Hours : 41.23 0.00 (0.00%) May 27, 4:02PM EDT
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KAR Auction Services, Inc.
13085 Hamilton Crossing Boulevard
Carmel, IN 46032
United States - Map
Phone: 800-923-3725

Index Membership:N/A
Industry:Specialty Retail, Other
Full Time Employees:10,656

Business Summary 

KAR Auction Services, Inc., together with its subsidiaries, provides vehicle auction services in the United States, Canada, Mexico, and the United Kingdom. It operates in three segments: ADESA Auctions, IAA, 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. This segment sells its products and services through vehicle manufacturers, rental car companies, finance companies, and others. The IAA segment offers salvage vehicle auctions and related services that facilitate the remarketing of vehicles for a range of sellers, including insurance companies, dealerships, rental car companies, fleet lease companies, and charitable organizations. This segment also provides title management, vehicle inspection center, and transportation and towing services. The AFC segment offers floorplan financing, a short-term inventory-secured financing, to independent used vehicle dealers. As of December 31, 2015, the company had a network of 66 whole car auction and 171 salvage auction locations. 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 founded in 2006 and is headquartered in Carmel, Indiana.

Key Statistics

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Corporate Governance 
KAR Auction Services, Inc.’s ISS Governance QuickScore as of May 1, 2016 is 1. The pillar scores are Audit: 2; Board: 2; Shareholder Rights: 1; Compensation: 3.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. James P. Hallett , 63
Chairman and Chief Exec. Officer
Mr. Eric M. Loughmiller CPA, 56
Chief Financial Officer and Exec. VP
Mr. Donald S. Gottwald , 49
Chief Operating Officer
Mr. John W. Kett , 52
Chief Exec. Officer of Insurance Auto Auctions and Pres of Insurance Auto Auctions
Mr. Stephane St-Hilaire , 47
Chief Exec. Officer of ADESA and Pres of ADESA
Amounts are as of Dec 31, 2015 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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