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Ronald McDonald House Charities in Five States Tap into Key Funding Opportunities Through IAA Car Donation Program
Published: January 18, 2012

WESTCHESTER, Ill., January 18, 2012 —  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 the addition of Ronald McDonald House Charities (RMHC) as the newest benefactor charity to join its national car donation campaign, One Car One Difference™. One Car One Difference™ will now provide critical funding to RMHC chapters located in five states, including Florida, Kentucky, North Dakota, Ohio and West Virginia. These mark the first of many local and regional charities expected to join the campaign as One Car One Difference™ continues to grow its partnership with RMHC.

Insurance Auto Auctions rolls out free Apple IOS and ANDROID Apps for live auction bidding
Published: December 19, 2011

Westchester, Ill., December 15, 2011 — 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 the rollout of its new Apple iOS and Android apps providing buyers the flexibility to bid live in IAA’s auctions using I-bid Live™, manage their vehicle watch list, pre-bid on vehicles, and get notifications so they get the vehicles they want.

Insurance Auto Auctions Footprint leads the industry with a relocation to an even larger auction
Published: December 5, 2011

Westchester, Ill., December 5, 2011 —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 the relocation of its Lancaster facility to a larger facility in Shirley, Massachusetts. In the new facility, IAA will operate on nearly 28 acres and a 17,000 square foot building that will house weekly indoor run and drive auctions, indoor storage and shrink wrapping services.

KAR Auction Services Inc Reports Third Quarter 2011 Results
Published: November 2, 2011

Carmel, IN, November 2, 2011 KAR Auction Services, Inc. (NYSE: KAR), today reported its third quarter financial results for the three months ended September 30, 2011.  For the third quarter of 2011, the company reported revenue of $447.0 million and Adjusted EBITDA of $115.7 million, as compared with third quarter 2010 revenue and Adjusted EBITDA of $445.3 million and $121.1 million, respectively.  Net income for the third quarter of 2011 increased 26% to $32.2 million, or $0.23 per diluted share, as compared with net income of $25.6 million, or $0.19 per diluted share, in the third quarter of 2010.   As shown on the attached reconciliation table, adjusted net income per share for the third quarter of 2011 was $0.23 versus adjusted net income per share of $0.28 for the third quarter of 2010, a decrease of 18%.  

KAR Auction Services Inc Announces Participation in Barclays 2011 Global Automotive Conference
Published: November 1, 2011

Carmel, IN – KAR Auction Services, Inc. (NYSE: KAR) today announced its participation in the following investor conferences which will also be available via live audio webcast: