KAR - KAR Auction Services, Inc.

NYSE - NYSE Delayed Price. Currency in USD

KAR Auction Services, Inc.

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

SectorConsumer Cyclical
IndustrySpecialty Retail
Full Time Employees15,000

Key Executives

NameTitlePayExercisedYear Born
Mr. James P. HallettChairman & CEO2.24M7.3M1953
Mr. Eric M. LoughmillerExec. VP & CFO1.02MN/A1960
Ms. Rebecca C. PolakChief Legal Officer, Sec. & Pres of TradeRev921.83k8.23M1971
Mr. Donald S. GottwaldChief Strategy Officer and Pres of Digital, Data & Mobility Solutions1.21M2.86M1967
Mr. John C. HammerPres of ADESA1.34MN/A1971
Amounts are as of December 31, 2018 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 used car auction and salvage auction services in the United States, Canada, Mexico, and the United Kingdom. The company operates through 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, as well as data. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. As of December 31, 2018, this segment had a network of 75 whole car auction facilities in North America. The IAA segment offers loss claim solutions and salvage vehicle auction services that facilitate the remarketing of vehicles for a range of sellers, including insurance companies, used-vehicle dealers, rental car and fleet lease companies, auto lenders, and charitable organizations through online auctions and salvage vehicle auction sites. This segment also provides catastrophe, vehicle inspection center, and transportation and towing services. As of December 31, 2018, this segment had a network of 179 salvage auction sites in North America. It also operates 14 locations in the United Kingdom. The AFC segment offers floorplan financing, a short-term inventory-secured financing, to independent used vehicle dealers. KAR Auction Services, Inc. also provides wheel repair and hail catastrophe response services. 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 1989 and is headquartered in Carmel, Indiana.

Corporate Governance

KAR Auction Services, Inc.’s ISS Governance QualityScore as of July 29, 2019 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.