KAR Auction Services said late Tuesday afternoon that it is pursuing a spin-off of its Insurance Auto Auctions business unit. KAR said in a news release the proposed tax-free spin-off is designed to ...

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More details arrived on Tuesday from KAR Auction Services with regard to its presence in the repossession and recovery spaces. According to a news release, KAR announced a consolidated management team ...

Carmel-based KAR Auction Services Inc. is a colossus in the used-car auction business, with more than $3 billion in revenue and 17,000 employees. That might sound like a low-tech industry, and one ...

KAR Auction Services Inc. said Tuesday that it will spin off its salvage auction business unit within the next 12 months so both entities will be able to focus on their separate priorities and boost ...

The parent company of the Adesa auto auction company boosted revenue and profit in its fourth quarter, easily beating the forecast of Wall Street analysts. Carmel-based KAR Auction Services Inc.

KAR Auction Services, a holding company for used vehicle auctioneer ADESA, Automotive Finance Corp. and Insurance Auto Auctions, a firm that resells total-loss vehicles, has purchased the vehicle ...

KAR Auction Services Inc. said Wednesday it has agreed to buy Belgium-based online auction company CarsOnTheWeb for about 156 million euros ($176 million). The potential purchase price includes 91 ...

After completion of spin-off, KAR will focus primarily on its whole car auction marketplaces and technology solutions serving OEMs, captive financing companies, vehicle lending institutions, fleets, ...