KAR Auction Services Inc
Company Overview
KAR Auction Services Inc. operates as a digital marketplace for wholesale used vehicles. The company provides a broad range of vehicle remarketing services through physical, online, and mobile auctions. Their services include end-to-end wholesale vehicle solutions, including reconditioning, inspection, financing, logistics, and other value-added services.
The company primarily serves automotive manufacturers, vehicle rental companies, financial institutions, and fleet operators. Their business model involves facilitating the exchange of actual vehicles between sellers and buyers, with revenue generated from auction fees and related services.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $448.4m | $410.5m | - | $35.3m | 0.00% | 8.60% |
| June 30, 2024 | $431.8m | $413.4m | - | $37.4m | 0.00% | 9.05% |
| March 31, 2024 | $416.3m | $386.6m | - | $39.7m | 0.00% | 10.27% |
Company Impact
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