KAR Auction Services, Inc. Profit Advances 17% In Q2

(RTTNews) - KAR Auction Services, Inc. (KAR) revealed earnings for its second quarter that increased from last year.

The company said its bottom line totaled $90.6 million, or $0.65 per share. This was up from $77.2 million, or $0.55 per share, in last year's second quarter.

Analysts had expected the company to earn $0.58 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.8% to $858.0 million. This was up from $788.5 million last year.

KAR Auction Services, Inc. earnings at a glance:

-Earnings (Q2): $90.6 Mln. vs. $77.2 Mln. last year. -Earnings Growth (Y-o-Y): 17.4% -EPS (Q2): $0.65 vs. $0.55 last year. -EPS Growth (Y-o-Y): 18.2% -Analysts Estimate: $0.58 -Revenue (Q2): $858.0 Mln vs. $788.5 Mln last year. -Revenue Change (Y-o-Y): 8.8%

-Guidance: Full year EPS guidance: $2.15 - $2.25