KAR Auction Services Inc. (KAR)
Company Description
KAR Auction Services, Inc., together with its subsidiaries, provides used vehicle auctions and related vehicle remarketing services for the automotive industry in the United States, Europe, Canada, Mexico, and the United Kingdom.
The company operates through two segments, ADESA Auctions 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 as a service.
This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others.
As of December 31, 2021, this segment had a network of approximately 70 vehicle logistics center locations in North America.
The AFC segment offers floorplan financing, a short-term inventory-secured financing to independent used vehicle dealers; and sells vehicle service contracts.
The company provides wheel repair and hail catastrophe response services.
It serves vehicle manufacturers, vehicle rental companies, financial institutions, commercial fleets and fleet management companies, and dealer customers.
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 incorporated in 2006 and is headquartered in Carmel, Indiana.

Country | United States |
IPO Date | Dec 11, 2009 |
Industry | Auto - Dealerships |
Sector | Consumer Cyclical |
Employees | 4,080 |
CEO | Peter J. Kelly |
Contact Details
Address: 11299 North Illinois Street Carmel, Indiana United States | |
Website | https://www.karglobal.com |
Stock Details
Ticker Symbol | KAR |
Exchange | NYSE |
Fiscal Year | January - December |
Reporting Currency | USD |
CIK Code | 0001395942 |
CUSIP Number | 48238T109 |
ISIN Number | US48238T1097 |
Employer ID | 20-8744739 |
SIC Code | 5500 |
Key Executives
Name | Position |
---|---|
Peter J. Kelly | Chief Executive Officer & Director |
Charles S. Coleman | Executive Vice President, Chief Legal Officer & Secretary |
Gary Watkins | Chief Information Officer of IT Shared Services |
Christopher Seitz | Senior Vice President |
Dwayne P. Price | Chief Accounting Officer & Principal Accounting Officer |
Itunu Orelaru | Head of Investor Relations |
James P. Coyle | Executive Vice President & President of Marketplaces |
Patrick Ming | Executive Sales Director |
Stacey White | Senior Vice President of Enterprise Optimization |
Tobin P. Richer | Executive Vice President of Marketing & Communications |
Latest SEC Filings
Date | Type | Title |
---|---|---|
Apr 01, 2025 | 4 | Filing |
Mar 04, 2025 | 4 | Filing |
Mar 04, 2025 | 4 | Filing |
Feb 25, 2025 | 4 | Filing |
Feb 25, 2025 | 4 | Filing |
Feb 25, 2025 | 4 | Filing |
Feb 25, 2025 | 4 | Filing |
Feb 25, 2025 | 4 | Filing |
Feb 25, 2025 | 4 | Filing |
Feb 21, 2025 | 4 | Filing |