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KAR - KAR Auction Services, Inc.

NYSE -> Consumer Cyclical -> Specialty Retail
Carmel, United States
Type: Equity

KAR price evolution
KAR
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $158.9 $152.1 $272.5 $251.8
Short term investments
Net receivables $2573.8 $2698.1 $2712 $2725.7
Inventory
Total current assets $2841.9 $2940.8 $3084.1 $3075
Long term investments
Property, plant & equipment $245.7 $192.8 $198.7 $203
Goodwill & intangible assets $1588.8 $1547.8 $1566.1 $1825.3
Total noncurrent assets $1884.4 $1788.5 $1813.3 $2072.9
Total investments
Total assets $4726.3 $4729.3 $4897.4 $5147.9
Current liabilities
Accounts payable $556.6 $646.4 $625.7 $683.8
Deferred revenue
Short long term debt $154.6 $42.3 $187.9 $225.8
Total current liabilities $2478.8 $2508.7 $2646.2 $2666.4
Long term debt $272.8 $273.8 $275.9 $283.5
Total noncurrent liabilities $920.5 $915 $916.8 $955.6
Total debt $427.4 $316.1 $463.8 $509.3
Total liabilities $3399.3 $3423.7 $3563 $3622
Shareholders' equity
Retained earnings $624.4 $621.2 $619.6 $824.5
Other shareholder equity -$36.7 -$51 -$38.1 -$47.1
Total shareholder equity $1327 $1305.6 $1334.4 $1525.9
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $158.9 $277.7 $215.8 $812.3
Short term investments
Net receivables $2573.8 $2665.8 $3033 $2256.2
Inventory
Total current assets $2841.9 $3022.4 $3358.3 $3175.2
Long term investments
Property, plant & equipment $245.7 $208.4 $904.9 $940.5
Goodwill & intangible assets $1588.8 $1831.7 $3097.6 $2641.7
Total noncurrent assets $1884.4 $2097.4 $4058.9 $3623
Total investments
Total assets $4726.3 $5119.8 $7417.2 $6798.2
Current liabilities
Accounts payable $556.6 $551.2 $1023.5 $688.9
Deferred revenue
Short long term debt $154.6 $288.7 $16.3 $24.3
Total current liabilities $2478.8 $2643.2 $2975.8 $2250.6
Long term debt $272.8 $206.2 $2166.8 $2198
Total noncurrent liabilities $920.5 $958.3 $2928.4 $2931.8
Total debt $427.4 $573.7 $2183.1 $2222.3
Total liabilities $3399.3 $2989 $5904.2 $5182.4
Shareholders' equity
Retained earnings $624.4 $822.9 $625.7 $600.7
Other shareholder equity -$36.7 -$49.5 -$24.7 -$32.7
Total shareholder equity $1327 $1518.3 $1513 $1615.8
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $391.3 $416.3 $416.9 $420.6
Cost of revenue $204.8 $216 $222.6 $224.2
Gross Profit $186.5 $200.3 $194.3 $196.4
Operating activities
Research & development
Selling, general & administrative $103.8 $107.4 $111.2 $108
Total operating expenses $129.1 $133.8 $388.8 $131
Operating income $57.4 $66.5 -$194.5 $65.4
Income from continuing operations
EBIT $61.2 $64.8 -$174.3 $58.3
Income tax expense $7.6 $12.7 -$19.3 $7.3
Interest expense $39.3 $39.4 $38.8 $38.3
Net income
Net income $14.3 $12.7 -$193.8 $12.7
Income (for common shares) $14.3 $12.7 -$193.8 $12.7
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $1645.1 $1519.4 $2251.6 $2187.7
Cost of revenue $867.6 $834.3 $1299.9 $1284.8
Gross Profit $777.5 $685.1 $951.7 $902.9
Operating activities
Research & development
Selling, general & administrative $430.4 $445.1 $558.1 $545.4
Total operating expenses $782.7 $545.3 $741.1 $766.5
Operating income -$5.2 $139.8 $210.6 $136.4
Income from continuing operations
EBIT $10 $370.4 $228.1 $134.3
Income tax expense $8.3 $10 $35 $4.9
Interest expense $155.8 $119.2 $126.6 $128.9
Net income
Net income -$154.1 $241.2 $66.5 $0.5
Income (for common shares) -$154.1 $241.2 $66.5 $0.5
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $14.3 $12.7 -$193.8 $12.7
Operating activities
Depreciation $25.3 $26.4 $26.8 $23
Business acquisitions & disposals -$103
Stock-based compensation $3.4 $4.2 $5.3 $3.6
Total cash flows from operations $19.3 $73.6 $46.4 $96.1
Investing activities
Capital expenditures -$12.2 -$12.9 -$14.6 -$12
Investments $63.9 $25.3 -$23.4 -$1.6
Total cash flows from investing -$51.3 $12.4 -$38 -$6.6
Financing activities
Dividends paid
Sale and purchase of stock $0.6 -$21.7 $0.3 $1.3
Net borrowings $100 -$167.3 -$7.2 -$63.9
Total cash flows from financing $32.2 -$200.2 $4.6 -$116.5
Effect of exchange rate $6.6 -$6.2 $7.7 $1.1
Change in cash and equivalents $6.8 -$120.4 $20.7 -$25.9
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income -$154.1 $241.2 $66.5 $0.5
Operating activities
Depreciation $101.5 $100.2 $183 $191.3
Business acquisitions & disposals -$103 -$0.4 -$519.6 -$396.7
Stock-based compensation $16.5 $16.6 $15.6 $14
Total cash flows from operations $235.4 -$455 $413.2 $384.4
Investing activities
Capital expenditures -$51.7 -$21.1 -$96.4 -$100.5
Investments $64.2 $91.5 -$602.6 $170.6
Total cash flows from investing -$83.5 $2147.4 -$1218.6 -$326.6
Financing activities
Dividends paid -$49
Sale and purchase of stock -$19.5 -$180.8 -$149.4 $6.9
Net borrowings -$138.4 -$1402.6 -$24.7 -$46.5
Total cash flows from financing -$279.9 -$1611.1 $210.4 $194.8
Effect of exchange rate $9.2 -$19.4 -$1.5 -$1.2
Change in cash and equivalents -$118.8 $74.3 -$596.5 $251.4
Fundamentals
Market cap N/A
Enterprise value N/A
Shares outstanding N/A
Revenue $1.65B
EBITDA $111.50M
EBIT $10.00M
Net Income -$154.10M
Revenue Q/Q 4.96%
Revenue Y/Y N/A
P/E ratio N/A
EV/Sales N/A
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio N/A
P/B ratio N/A
Book/Share N/A
Cash/Share N/A
EPS N/A
ROA -3.16%
ROE -11.22%
Debt/Equity 2.56
Net debt/EBITDA 29.06
Current ratio 1.15
Quick ratio 1.15