Auction company 

KAR Auction Services: First Quarter Earnings Overview

KAR Auction Services BECAUSE announced its first quarter results on Tuesday, May 3, 2022 at 4:00 p.m.

Here’s what investors need to know about the announcement.

Earnings

KAR Auction Services missed estimated earnings by 116.67%, recording EPS of -$0.02 versus an estimate of $0.12.

Revenue decreased by $212.20 million compared to the same period last year.

Past Earnings Performance

Last quarter, the company beat EPS by $0.09, followed by a 14.32% increase in share price the next day.

Here is an overview of past performance of KAR Auction Services:








Trimester Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS estimate 0.02 0.10 0.19 0.12
Actual EPS 0.11 0.08 0.15 0.45
Revenue estimate 511.67M 521.67M 588.80M 558.73M
Actual turnover 549.40M 535.20M 585.40M 581.60M

To keep track of all earnings releases for KAR Auction Services, visit their earnings timeline here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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