KAR Auction Services, Inc. Announces 5% Advance In Q3 Profit

(RTTNews) - KAR Auction Services, Inc. (KAR) reported a profit for its third quarter that advanced compared to the same period last year.

The company said its bottom line rose to $70.0 million, or $0.50 per share. This was up from $66.6 million, or $0.47 per share, in last year's third quarter.

The company said revenue for the quarter rose 16.1% to $773.8 million. This was up from $666.7 million last year.

KAR Auction Services, Inc. earnings at a glance:

-Earnings (Q3): $70.0 Mln. vs. $66.6 Mln. last year. -Earnings Growth (Y-o-Y): 5.1% -EPS (Q3): $0.50 vs. $0.47 last year. -EPS Growth (Y-o-Y): 6.4% -Revenue (Q3): $773.8 Mln vs. $666.7 Mln last year. -Revenue Change (Y-o-Y): 16.1%

-Guidance: Full year EPS guidance: $2.03 - $2.18