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.
