KAR Auction Services, Inc. Reveals 14% Advance In Q1 Profit

(RTTNews) - KAR Auction Services, Inc. (KAR) revealed a profit for its first quarter that gained ground compared to the same period last year.

The company said its bottom line came in at $76.9 million, or $0.55 per share. This was up from $67.4 million, or $0.47 per share, in last year's first quarter.

The company said revenue for the quarter rose 17.8% to $745.0 million. This was up from $632.4 million last year.

KAR Auction Services, Inc. earnings at a glance:

-Earnings (Q1): $76.9 Mln. vs. $67.4 Mln. last year. -Earnings Growth (Y-o-Y): 14.1% -EPS (Q1): $0.55 vs. $0.47 last year. -EPS Growth (Y-o-Y): 17.0% -Revenue (Q1): $745.0 Mln vs. $632.4 Mln last year. -Revenue Change (Y-o-Y): 17.8%

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