whytestocks
5年前
News: $KAR KAR Completes Spin-Off of IAA Salvage Auction Business
CARMEL, Ind. , June 28, 2019 /PRNewswire/ -- KAR Auction Services Inc. (NYSE: KAR), a global automotive remarketing and technology services provider, announced today that it successfully completed its previously announced separation of IAA, Inc. ("IAA"). IAA is now an independent public c...
In case you are interested https://marketwirenews.com/news-releases/kar-completes-spin-off-of-iaa-salvage-auction-business-8430780.html
InvestorInsight
6年前
KAR Auction Services, Inc. (Nasdaq: KAR)
In March 2019 - Made a public announcement that they are using analytical data to lay off workers, which they did. Included in those layoffs were individuals with more than 22 years’ service about to retire.
Eric M. Loughmiller - VP/CFO made an announcement in the last investor conference call that stated, "very focused on trying to process more transactions with fewer people in the future or not more people". It seems the deteriorating stock price and a new $80 Million Dollar Building which is apparently more important than the employees that have tenure with the company.
If you research the comments on the hiring websites, they are getting horrible reviews for the culture.
Another SEC document states that currently the Environmental Protection Agency (EPA) is investigating the (IAA) - Insurance Auto Auctions which is an entity that they are trying to spin off from KAR. It's estimated to take an approximate 7 years to clean up.
In the recent SEC documentation, the five top officers in the company are making combined incomes with stock and other incentives more than $10 Million Annually.
All of this information is public information on www.SEC.Gov and Reviews of the company by other former employees on the net.
Penny Roger$
13年前
KAR Auction Services, Inc. is a holding company. It is a provider of vehicle auction services in North America. It provides auction services for sellers of used, or whole car, vehicles and salvage vehicles, through its 229 physical auction locations and Internet venues. Its revenues are generated, through auction fees from both vehicle buyers and sellers, as well as by providing ancillary services, including inspections, storage, transportation, reconditioning, salvage recovery, titling, and floorplan financing. The Company operates in three business segments: ADESA Auctions (ADESA), Insurance Auto Auctions, Inc. (IAAI) and Automotive Finance Corporation (AFC). During 2010, it acquired six used vehicle auctions, two processors of charity donation vehicles, which are primarily sold through salvage operations, a loan servicing company focused on servicing loans made by automobile lenders. In October 2011, the Company acquired OPENLANE, Inc.
http://www.google.com/finance?q=KAR