Kar Auction Services, Inc. posts $241.20 million annual profit

KAR" style="color:black;">KAR Auction Services, Inc. [KAR]  has posted annual profit of $241.20 million for the year ended Dec 31,2022.

The company based in Indiana(IN)reported a fellin revenue to $590.30 milion for the year when compared to $707.20 million in the previous year.

A filing from the company with the Securities and Exchange Commission on Mar 9,2023 showed that its revenue is  up 16.53% year-over-year.

The company reported basic earnings per share of $1.30 and diluted earnings per share of $1.30.

KAR Auction Services, Inc. operates in the Automotive Dealers & Gasoline Service Stations sector.