KAR Auction Services, Inc. Q2 Earnings Rise 5%

(RTTNews) - KAR Auction Services, Inc. (KAR) released a profit for its second quarter that climbed compared to the same period last year.

The company said its bottom line advanced to $77.2 million, or $0.55 per share. This was higher than $73.3 million, or $0.51 per share, in last year's second quarter.

The company said revenue for the quarter rose 17.2% to $771.8 million. This was up from $658.3 million last year.

KAR Auction Services, Inc. earnings at a glance:

-Earnings (Q2): $77.2 Mln. vs. $73.3 Mln. last year. -Earnings Growth (Y-o-Y): 5.3% -EPS (Q2): $0.55 vs. $0.51 last year. -EPS Growth (Y-o-Y): 7.8% -Revenue (Q2): $771.8 Mln vs. $658.3 Mln last year. -Revenue Change (Y-o-Y): 17.2%

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