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KAR Auction Services, Inc. (KAR)

NYSE - NYSE Delayed Price. Currency in USD
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43.90-0.61 (-1.37%)
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KAR Auction Services, Inc.

13085 Hamilton Crossing Boulevard
Carmel, IN 46032
United States
800-923-3725
http://www.karauctionservices.com

SectorServices
IndustrySpecialty Retail, Other
Full Time Employees13,050

Key Executives

NameTitlePayExercisedAge
Mr. James P. HallettChairman and Chief Exec. Officer2.04MN/A64
Mr. Eric M. Loughmiller CPAChief Financial Officer and Exec. VP907.32kN/A57
Mr. Donald S. GottwaldChief Operating Officer1.29M1.44M50
Mr. Peter J. KellyChief Technology Officer and Pres of Digital Services Group1.07M1.65M48
Mr. Stephane St-HilaireChief Exec. Officer of ADESA and Pres of ADESA1.15M1.75M48
Amounts are as of December 31, 2016 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.

Description

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, fleet companies, rental car companies, finance companies, and others. The IAA segment offers various loss solutions and salvage vehicle auction 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 catastrophe, 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, 2016, the company had a network of 77 whole car auction locations and 172 salvage auction sites. 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.

Corporate Governance

KAR Auction Services, Inc.’s ISS Governance QualityScore as of August 1, 2017 is 1. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 1; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.