Kar Auction Services (KAR) Tops Q4 EPS by 3c, Revenues Miss; Offers FY19 EPS Guidance Below Consensus

Kar Auction Services (NYSE: KAR) reported Q4 EPS of $0.62, $0.03 better than the analyst estimate of $0.59. Revenue for the quarter came in at $929 million versus the consensus estimate of $935.7 million.

"Our fourth quarter and year-end results reflect contributions from across our businesses and continued investment in our future,\" said Jim Hallett. \"We are positioning KAR to navigate the short and long term trends impacting our industry and to capture the opportunities ahead."

GUIDANCE:

Kar Auction Services sees FY2019 EPS of $2.90-$3.09, versus the consensus of $3.16.

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

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