KAR Auction Services Q4 Profit Beats Estimates - Quick Facts

(RTTNews) - KAR Auction Services, Inc. (KAR) reported fourth-quarter net income of $50.3 million or $0.35 per share, compared to a loss of $17.6 million or $0.13 per share, prior year. Adjusted earnings per share was $0.40, for the quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.29 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $606.0 million from $540.6 million last year. Analysts expected revenue of $582.67 million for the quarter.

The company also announced a cash dividend of $0.27 per share on the company's common stock. The dividend is payable on April 2, 2015, to stockholders of record as of the close of business on March 25, 2015.

For 2015, the company expects net income per share of $1.40 - $1.55 and adjusted net income per share of $1.60 - $1.75. Analysts expect the company to report fiscal year earnings per share of $1.69.