Kar Auction Services Inc (KAR) 30.27 $KAR
New Leadership Roles, Prestigious Recognitions, Stock Price Updates, and Upcoming Events - Analyst Notes on Walmart, KAR Auction Services, Vitamin Shoppe, Barnes & Noble, and The Container Store
PR Newswire - Thu Apr 03, 7:00AM CDT
Today, Analysts Review released its analysts' notes regarding Wal-Mart Stores, Inc. (NYSE: WMT), KAR Auction Services, Inc. (NYSE: KAR), Vitamin Shoppe, Inc. (NYSE: VSI), Barnes & Noble, Inc. (NYSE: BKS), and The Container Store Group, Inc. (NYSE: TCS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Insurance Auto Auctions Ranks #33 On 2014 InformationWeek Elite 100
PR Newswire - Wed Apr 02, 12:00PM CDT
Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), today announced that it has been ranked #33 on this year's InformationWeek Elite 100 - a list of the top business technology innovators in the U.S. IAA also was selected as one of three finalists for InformationWeek's Business Innovation awards in the category of Business Agility. The InformationWeek Elite 100 ranking was revealed at an awards dinner and gala on April 1, 2014, held at the Mandalay Bay Convention Center in Las Vegas. The full list can be found on http://www.informationweek.com/elite100.
Equities Updates on Industrials Sector -- Research on KAR Auction Services, Swisher Hygiene, Covanta Holding, and Waste Connections
PR Newswire - Thu Mar 27, 8:17AM CDT
The trading session on Wednesday, March 26, 2014 ended on a negative note as the Dow Jones Industrial Average finished at 16,268.99, down 0.60% and the NASDAQ Composite closed at 4,173.58, down 1.43%. The S&P 500 finished the session 0.70% lower at 1,852.56. The losses were broad based as nine out of ten sectors ended the session on a lower note. The S&P 500 Industrials Sector Index finished the day at 443.49, down 0.94%, while the same has edged up 0.02% in the last one month. Investor-Edge has initiated coverage on the following equities: KAR Auction Services Inc. (NYSE: KAR), Swisher Hygiene Inc. (NASDAQ: SWSH), Covanta Holding Corp. (NYSE: CVA), and Waste Connections Inc. (NYSE: WCN). Free technical research on KAR, SWSH, CVA, and WCN can be downloaded upon signing up at:
IAA's Don Hermanek Nominated To Illinois Association of SkillsUSA Board Of Directors
PR Newswire - Mon Mar 24, 1:00PM CDT
Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), today announced that Senior Vice President and Chief Client Officer Don Hermanek has been nominated to the Board of Directors of the Illinois Association of SkillsUSA (Illinois SkillsUSA) for a two-year term. In this role, Hermanek will work with the board to lead local initiatives in the state that will further the association's mission of developing leaders for tomorrow and ensuring America's skilled workforce.
KAR Auction Services Strengthens Senior Leadership Team
Marketwire - Thu Mar 20, 3:18PM CDT
KAR Auction Services, Inc. (NYSE: KAR) announced today that Don Gottwald will fill the newly created position of KAR chief operating officer. The creation of this new role will enable KAR to achieve even greater collaboration across its core business units and align the company in order to best serve the needs of its customers.
Market Expansions, Investor Forums, Innovation Awards, Amended Credit Facilities, and Dividend - Analyst Notes on Medifast, HSN, Office Depot, KAR, and Rent-A-Center
PR Newswire - Fri Mar 14, 7:56AM CDT
Today, Analysts Review released its analysts' notes regarding Medifast Inc. (NYSE: MED), HSN, Inc. (NASDAQ: HSNI), Office Depot, Inc. (NYSE: ODP), KAR Auction Services, Inc. (NYSE: KAR), and Rent-A-Center Inc. (NASDAQ: RCII). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
KAR Auction Services Amends and Restates Credit Agreement
Marketwire - Tue Mar 11, 4:36PM CDT
KAR Auction Services, Inc. (NYSE: KAR) (the "Company"
announced today that it has amended and restated its credit agreement dated as of May 19, 2011. The term loans under the original credit agreement have been repaid in full and terminated, and refinanced with a $650 million three-year senior secured term loan B-1 facility and a $1,120 million seven-year senior secured term loan B-2 facility. In addition, the amended and restated credit agreement also establishes a five-year $250 million revolving credit facility in place of the previous revolving commitments. The interest rate of term loan B-1 was reduced to LIBOR plus 2.50%. The interest rate of term loan B-2 remains at LIBOR plus 2.75% but the LIBOR floor was reduced to 0.75%. The reduction in pricing is expected to save the Company an annualized amount of approximately $9 million in cash interest. The revolving commitments may be used for ongoing working capital needs and general corporate purposes for the Company and its subsidiaries. The Company has not drawn any amounts under the revolver.
KAR Auction Services, Inc. Announces Participation in Upcoming Investor Conference
Marketwire - Fri Feb 28, 7:30AM CST
KAR Auction Services, Inc. (NYSE: KAR) today announced its participation in the following investor conference which will also be available via live audio webcast:
Research and Markets: Periodontitis - Pipeline Review, H2 2013 Research Report
Business Wire - Fri Feb 21, 2:48AM CST
Research and Markets (http://www.researchandmarkets.com/research/54674r/periodontitis) has announced the addition of the "Periodontitis - Pipeline Review, H2 2013" report to their offering.
KAR Auction Services IncCorporate Event Announcement Notice
Wall Street Horizon - Wed Feb 19, 8:09PM CST
Return On Innovation Advisors Ltd. (the "Manager" announced today that a monthly cash distribution of $0.050 per unit will be paid on March 15, 2013 to unitholders of ROI Canadian High Income Mortgage Fund (TSX: RIH.UN) of record as of February 28, 2013.
Barbarian At The Gate: KAR Auction Services (KAR)
at The Street - Wed Feb 19, 9:32AM CST
Trade-Ideas LLC identified KAR Auction Services (KAR) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate
1-800-Flowers.com (FLWS) Crumbles: Stock Falls by 6% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Feb 19, 8:00AM CST
1-800-Flowers.com Inc. (FLWS) saw a big move last session, reversing the recent trend for FLWS, as the stock is now up more than 5% since Jan 29.
KAR Auction Services Seeks to Refinance Credit Agreement
Marketwire - Tue Feb 18, 4:32PM CST
KAR Auction Services, Inc. (NYSE: KAR) (the "Company" announced today that it is seeking to refinance its existing Credit Agreement, dated as of May 19, 2011 (as amended, the "Credit Agreement" , that would, among other things, extend the maturity of the revolving facility and a portion of the term facility, lower the pricing with respect to the revolving and term loan facilities and provide the Company with greater flexibility for making capital expenditures and for making restricted payments. The Company cannot assure that it will be able to successfully complete the refinancing.
KAR Auction Services, Inc. Reports Fourth Quarter and Full Year 2013 Results
Marketwire - Tue Feb 18, 4:31PM CST
KAR Auction Services, Inc. (NYSE: KAR) today reported its fourth quarter financial results for the period ended December 31, 2013. For the fourth quarter of 2013, the company reported revenue of $540.6 million as compared with revenue of $493.7 million for the fourth quarter of 2012, an increase of 9%. Adjusted EBITDA for the quarter ended December 31, 2013 increased 9% to $131.2 million, as compared with Adjusted EBITDA of $119.9 million for the quarter ended December 31, 2012. The company reported a net loss for the fourth quarter of 2013 of $17.6 million, or $0.13 per diluted share, as compared with net income of $22.9 million, or $0.16 per diluted share in the fourth quarter of 2012. The net loss for the fourth quarter of 2013 was primarily the result of non-cash profit interest expense, which is not deductible for income tax purposes. Adjusted net income per share for the quarter ended December 31, 2013 decreased 4% to $0.26 versus adjusted net income per share of $0.27 for the quarter ended December 31, 2012.
IAA's Bill Mayer Re-Elected To National Auto Body Council Board Of Directors
PR Newswire - Tue Feb 18, 10:00AM CST
Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), today announced that Bill Mayer, IAA's director of Industry Relations, has been re-elected to the Board of Directors of the National Auto Body Council (NABC), a non-profit organization dedicated to enhancing the image of the collision industry. Mr. Mayer was re-elected for a second three-year term by NABC members during the 2013 SEMA Show in Las Vegas.
Cabela's Misses on Q4 Earnings - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Feb 14, 12:10PM CST
Cabela's fourth quarter adjusted earnings of $1.32 per share missed the Zacks Consensus Estimate of $1.41 but rose 5.6% year over year.
Cabela's (CAB) in Focus: Stocks Tumbles 7.9% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Fri Feb 14, 7:50AM CST
Shares of Cabela’s fell over 9% yesterday, continuing its downtrend in the past one-month time frame
IAA's Rita Figi Nominated To American Heart Association's Chicago Metropolitan Board Of Directors
PR Newswire - Thu Feb 13, 9:05AM CST
Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), today announced that Rita Figi, IAA's vice president of human resources, has been nominated to the Chicago Metropolitan Board of Directors of the American Heart Association, Midwest Affiliate for a two-year term. In this role, Figi will help lead the achievement of the association's mission to build healthier lives, free of cardiovascular diseases and stroke through oversight of local revenue generation and health impact activities.
IFF Reports Strong Fourth Quarter and Full Year 2013 Results
Business Wire - Thu Feb 13, 6:00AM CST
--Full Year Local Currency Sales Growth of 5%; Reported Sales Growth of 5%
New Leadership Roles, Prestigious Recognitions, Stock Price Updates, and Upcoming Events - Analyst Notes on Walmart, KAR Auction Services, Vitamin Shoppe, Barnes & Noble, and The Container Store
PR Newswire - Thu Apr 03, 7:00AM CDT
Today, Analysts Review released its analysts' notes regarding Wal-Mart Stores, Inc. (NYSE: WMT), KAR Auction Services, Inc. (NYSE: KAR), Vitamin Shoppe, Inc. (NYSE: VSI), Barnes & Noble, Inc. (NYSE: BKS), and The Container Store Group, Inc. (NYSE: TCS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Insurance Auto Auctions Ranks #33 On 2014 InformationWeek Elite 100
PR Newswire - Wed Apr 02, 12:00PM CDT
Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), today announced that it has been ranked #33 on this year's InformationWeek Elite 100 - a list of the top business technology innovators in the U.S. IAA also was selected as one of three finalists for InformationWeek's Business Innovation awards in the category of Business Agility. The InformationWeek Elite 100 ranking was revealed at an awards dinner and gala on April 1, 2014, held at the Mandalay Bay Convention Center in Las Vegas. The full list can be found on http://www.informationweek.com/elite100.
Equities Updates on Industrials Sector -- Research on KAR Auction Services, Swisher Hygiene, Covanta Holding, and Waste Connections
PR Newswire - Thu Mar 27, 8:17AM CDT
The trading session on Wednesday, March 26, 2014 ended on a negative note as the Dow Jones Industrial Average finished at 16,268.99, down 0.60% and the NASDAQ Composite closed at 4,173.58, down 1.43%. The S&P 500 finished the session 0.70% lower at 1,852.56. The losses were broad based as nine out of ten sectors ended the session on a lower note. The S&P 500 Industrials Sector Index finished the day at 443.49, down 0.94%, while the same has edged up 0.02% in the last one month. Investor-Edge has initiated coverage on the following equities: KAR Auction Services Inc. (NYSE: KAR), Swisher Hygiene Inc. (NASDAQ: SWSH), Covanta Holding Corp. (NYSE: CVA), and Waste Connections Inc. (NYSE: WCN). Free technical research on KAR, SWSH, CVA, and WCN can be downloaded upon signing up at:
IAA's Don Hermanek Nominated To Illinois Association of SkillsUSA Board Of Directors
PR Newswire - Mon Mar 24, 1:00PM CDT
Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), today announced that Senior Vice President and Chief Client Officer Don Hermanek has been nominated to the Board of Directors of the Illinois Association of SkillsUSA (Illinois SkillsUSA) for a two-year term. In this role, Hermanek will work with the board to lead local initiatives in the state that will further the association's mission of developing leaders for tomorrow and ensuring America's skilled workforce.
KAR Auction Services Strengthens Senior Leadership Team
Marketwire - Thu Mar 20, 3:18PM CDT
KAR Auction Services, Inc. (NYSE: KAR) announced today that Don Gottwald will fill the newly created position of KAR chief operating officer. The creation of this new role will enable KAR to achieve even greater collaboration across its core business units and align the company in order to best serve the needs of its customers.
Market Expansions, Investor Forums, Innovation Awards, Amended Credit Facilities, and Dividend - Analyst Notes on Medifast, HSN, Office Depot, KAR, and Rent-A-Center
PR Newswire - Fri Mar 14, 7:56AM CDT
Today, Analysts Review released its analysts' notes regarding Medifast Inc. (NYSE: MED), HSN, Inc. (NASDAQ: HSNI), Office Depot, Inc. (NYSE: ODP), KAR Auction Services, Inc. (NYSE: KAR), and Rent-A-Center Inc. (NASDAQ: RCII). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
KAR Auction Services Amends and Restates Credit Agreement
Marketwire - Tue Mar 11, 4:36PM CDT
KAR Auction Services, Inc. (NYSE: KAR) (the "Company"
announced today that it has amended and restated its credit agreement dated as of May 19, 2011. The term loans under the original credit agreement have been repaid in full and terminated, and refinanced with a $650 million three-year senior secured term loan B-1 facility and a $1,120 million seven-year senior secured term loan B-2 facility. In addition, the amended and restated credit agreement also establishes a five-year $250 million revolving credit facility in place of the previous revolving commitments. The interest rate of term loan B-1 was reduced to LIBOR plus 2.50%. The interest rate of term loan B-2 remains at LIBOR plus 2.75% but the LIBOR floor was reduced to 0.75%. The reduction in pricing is expected to save the Company an annualized amount of approximately $9 million in cash interest. The revolving commitments may be used for ongoing working capital needs and general corporate purposes for the Company and its subsidiaries. The Company has not drawn any amounts under the revolver. KAR Auction Services, Inc. Announces Participation in Upcoming Investor Conference
Marketwire - Fri Feb 28, 7:30AM CST
KAR Auction Services, Inc. (NYSE: KAR) today announced its participation in the following investor conference which will also be available via live audio webcast:
Research and Markets: Periodontitis - Pipeline Review, H2 2013 Research Report
Business Wire - Fri Feb 21, 2:48AM CST
Research and Markets (http://www.researchandmarkets.com/research/54674r/periodontitis) has announced the addition of the "Periodontitis - Pipeline Review, H2 2013" report to their offering.
KAR Auction Services IncCorporate Event Announcement Notice
Wall Street Horizon - Wed Feb 19, 8:09PM CST
Return On Innovation Advisors Ltd. (the "Manager"
announced today that a monthly cash distribution of $0.050 per unit will be paid on March 15, 2013 to unitholders of ROI Canadian High Income Mortgage Fund (TSX: RIH.UN) of record as of February 28, 2013. Barbarian At The Gate: KAR Auction Services (KAR)
at The Street - Wed Feb 19, 9:32AM CST
Trade-Ideas LLC identified KAR Auction Services (KAR) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate
1-800-Flowers.com (FLWS) Crumbles: Stock Falls by 6% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Feb 19, 8:00AM CST
1-800-Flowers.com Inc. (FLWS) saw a big move last session, reversing the recent trend for FLWS, as the stock is now up more than 5% since Jan 29.
KAR Auction Services Seeks to Refinance Credit Agreement
Marketwire - Tue Feb 18, 4:32PM CST
KAR Auction Services, Inc. (NYSE: KAR) (the "Company"
announced today that it is seeking to refinance its existing Credit Agreement, dated as of May 19, 2011 (as amended, the "Credit Agreement" , that would, among other things, extend the maturity of the revolving facility and a portion of the term facility, lower the pricing with respect to the revolving and term loan facilities and provide the Company with greater flexibility for making capital expenditures and for making restricted payments. The Company cannot assure that it will be able to successfully complete the refinancing. KAR Auction Services, Inc. Reports Fourth Quarter and Full Year 2013 Results
Marketwire - Tue Feb 18, 4:31PM CST
KAR Auction Services, Inc. (NYSE: KAR) today reported its fourth quarter financial results for the period ended December 31, 2013. For the fourth quarter of 2013, the company reported revenue of $540.6 million as compared with revenue of $493.7 million for the fourth quarter of 2012, an increase of 9%. Adjusted EBITDA for the quarter ended December 31, 2013 increased 9% to $131.2 million, as compared with Adjusted EBITDA of $119.9 million for the quarter ended December 31, 2012. The company reported a net loss for the fourth quarter of 2013 of $17.6 million, or $0.13 per diluted share, as compared with net income of $22.9 million, or $0.16 per diluted share in the fourth quarter of 2012. The net loss for the fourth quarter of 2013 was primarily the result of non-cash profit interest expense, which is not deductible for income tax purposes. Adjusted net income per share for the quarter ended December 31, 2013 decreased 4% to $0.26 versus adjusted net income per share of $0.27 for the quarter ended December 31, 2012.
IAA's Bill Mayer Re-Elected To National Auto Body Council Board Of Directors
PR Newswire - Tue Feb 18, 10:00AM CST
Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), today announced that Bill Mayer, IAA's director of Industry Relations, has been re-elected to the Board of Directors of the National Auto Body Council (NABC), a non-profit organization dedicated to enhancing the image of the collision industry. Mr. Mayer was re-elected for a second three-year term by NABC members during the 2013 SEMA Show in Las Vegas.
Cabela's Misses on Q4 Earnings - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Feb 14, 12:10PM CST
Cabela's fourth quarter adjusted earnings of $1.32 per share missed the Zacks Consensus Estimate of $1.41 but rose 5.6% year over year.
Cabela's (CAB) in Focus: Stocks Tumbles 7.9% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Fri Feb 14, 7:50AM CST
Shares of Cabela’s fell over 9% yesterday, continuing its downtrend in the past one-month time frame
IAA's Rita Figi Nominated To American Heart Association's Chicago Metropolitan Board Of Directors
PR Newswire - Thu Feb 13, 9:05AM CST
Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), today announced that Rita Figi, IAA's vice president of human resources, has been nominated to the Chicago Metropolitan Board of Directors of the American Heart Association, Midwest Affiliate for a two-year term. In this role, Figi will help lead the achievement of the association's mission to build healthier lives, free of cardiovascular diseases and stroke through oversight of local revenue generation and health impact activities.
IFF Reports Strong Fourth Quarter and Full Year 2013 Results
Business Wire - Thu Feb 13, 6:00AM CST
--Full Year Local Currency Sales Growth of 5%; Reported Sales Growth of 5%
