KAR Auction Services, Inc. (KAR)

13.68 +0.40 (+3.01%) At close: 04:00PM EDT

KAR Auction Services, Inc.

11299 North Illinois Street
Carmel, IN 46032
United States
800 923 3725
https://www.karglobal.com

Sector(s): Consumer Cyclical
Industry: Auto & Truck Dealerships
Full-time employees: 8,256

Key executives

Name	Title	Pay	Exercised	Year born
Mr. James P. Hallett	Exec. Chairman	1.04M	N/A	1953
Mr. Peter J. Kelly	CEO & Director	977.93k	1.51M	1969
Mr. James P. Coyle	Exec. VP & Chief Digital Officer	490.23k	N/A	1981
Mr. Justin T. Davis	Pres of BacklotCars	399.64k	N/A	1986
Mr. Scott A. Anderson	VP, Controller, Principal Accounting Officer & Interim CFO	N/A	N/A	1966
Mr. Sriram Subrahmanyam	EVP of Operations & Pres of KAR Services Group	N/A	N/A	N/A
Mr. Michael Eliason	VP of Investor Relations & Treasurer	N/A	N/A	N/A
Mr. Charles S. Coleman	Exec. VP, Chief Legal Officer & Sec.	N/A	N/A	1972
Mr. Tobin Richer	Sr. VP of Marketing & Communications	N/A	N/A	N/A
Mr. Warren W. Byrd	Exec. VP of Corp. Devel. & Real Estate	N/A	N/A	1963

Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

KAR Auction Services, Inc., together with its subsidiaries, provides used vehicle auctions and related vehicle remarketing services for the automotive industry in the United States, Europe, Canada, Mexico, and the United Kingdom. The company operates through two segments, ADESA Auctions and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities. It also provides value-added services, such as auction related, transportation, reconditioning, inspection, title and repossession administration and remarketing, vehicle research, and analytical services, as well as data as a service. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. As of December 31, 2021, this segment had a network of approximately 70 vehicle logistics center locations in North America. The AFC segment offers floorplan financing, a short-term inventory-secured financing to independent used vehicle dealers; and sells vehicle service contracts. The company provides wheel repair and hail catastrophe response services. It serves vehicle manufacturers, vehicle rental companies, financial institutions, commercial fleets and fleet management companies, and dealer customers. The company was formerly known as KAR Holdings, Inc. and changed its name to KAR Auction Services, Inc. in November 2009. KAR Auction Services, Inc. was incorporated in 2006 and is headquartered in Carmel, Indiana.

Corporate governance

KAR Auction Services, Inc.’s ISS governance QualityScore as of 1 February 2023 is 6. The pillar scores are Audit: 3; Board: 5; Shareholder rights: 9; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.