Kar Auction Services, Inc. posts $-5.80 million annual loss

Kar Auction Services, Inc. [KAR]  has posted quarter loss of $-5.80 million for the quarter ended Sep 30,2022.

The company based in Indiana(IN)reported a risein revenue to $159.20 milion for the quarter when compared to $147.30 million in the previous quarter.

A filing from the company with the Securities and Exchange Commission on Mar 22,2023 showed that its revenue is  down 8.08% year-over-year.

The company reported basic earnings per share of $-0.15 and diluted earnings per share of $-0.15.

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