Kar Auction Services (KAR) Reports In-Line Q3 EPS, Revenues Beat; Provides FY18 EPS Outlook

Kar Auction Services (NYSE: KAR) reported Q3 EPS of $0.70, in-line with the analyst estimate of $0.70. Revenue for the quarter came in at $933.5 million versus the consensus estimate of $906.43 million.

"Our third quarter consolidated results are in-line with our expectations," said Jim Hallett, chairman and CEO of KAR Auction Services, Inc. "We continue to advance our strategic priorities and make meaningful investments in the future of our industry."

GUIDANCE:

Kar Auction Services sees FY2018 EPS of $2.89-$3.04, versus the consensus of $2.99.

For earnings history and earnings-related data on Kar Auction Services (KAR) click here.

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