KAR Auction Services

KAR Auction Services, Inc. Announces Participation in Upcoming Investor Conference

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

Barclays 2013 High Yield Bond and Syndicated Loan Conference
Eric Loughmiller, Chief Financial Officer and Executive Vice President will speak on Wednesday, May 22nd at 10:50 am CDT

KAR Auction Services Announces Participation in RW Baird 2013 Growth Stock Conference

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

Robert W Baird 2013 Growth Stock Conference

Jonathan Peisner, Treasurer and Vice President Investor Relations and Mike Eliason, Vice President, Financial Planning and Analysis will speak on Tuesday, May 7^th at 12:20 pm CDT.

Insurance Auto Auctions Announces Premier Stars of Atlanta Nighttime Auto Auction Series

WESTCHESTER, Ill., April 24, 2013 —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 launch of its first-ever nighttime auto auction series called Stars of Atlanta, which will take place weekly at IAA’s Atlanta East branch in Winder, GA. The Stars of Atlanta Nighttime Auto Auction is a wholesale dealer auction that is open to the public providing them an opportunity to purchase clear-title, high-quality vehicles at wholesale prices.

KAR Auction Services Inc to Announce First Quarter 2013 Earnings

CARMEL, IND.—KAR Auction Services, Inc. (NYSE: KAR) announced today that it will be releasing its first quarter 2013 earnings on Wednesday, May 1, 2013.

KAR Auction Services, Inc. will also be hosting an earnings conference call and webcast on Thursday, May 2, 2013 at 11:00 a.m. EDT (10:00 a.m. CDT). The call will be hosted by KAR Auction Services, Inc.’s Chief Executive Officer, Jim Hallett and Executive Vice President and Chief Financial Officer, Eric Loughmiller. The conference call may be accessed by calling 1-888-466-4414 and entering participant passcode 156725 while the live web cast will be available at the investor relations section of www.karauctionservices.com.

KAR Auction Services Inc Announces Setting of Record and Annual Meeting Dates

Carmel, IN, April 15, 2013 — KAR Auction Services, Inc. (NYSE: KAR) today announced that Wednesday, April 17, 2013 has been established as the record date for determining stockholders entitled to vote at the 2013 Annual Meeting of Stockholders of the Company (the "Annual Meeting") which will be held at 9:00 a.m. EDT on Wednesday, June 12, 2013.

IAA Launches I-Pay Through IAA Buyer App for Android

WESTCHESTER, IL, April 5, 2013 —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 launched I-Pay through the IAA Buyer App for Android, which follows directly on the company’s successful launch of I-Pay for Apple. IAA is the first company in the industry to offer payment services for salvage buyers through an app, which provides customers a comprehensive solution to help make more informed decisions, with the speed and convenience of their mobile devices.

KAR Auction Services Inc Announces Participation in Upcoming Investor Conference

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

Bank of America Merrill Lynch 2013 New York Auto Summit

Eric Loughmiller, Executive Vice President and Chief Financial Officer, and Jonathan Peisner, Vice President and Treasurer, will speak on Wednesday, March 27^th at 10:20 am EDT.

KAR Auction Services Reprices Credit Agreement Term Loans

Carmel, IN – March 13, 2013 – KAR Auction Services, Inc. (NYSE: KAR) (the “Company”) announced that it has entered into an amendment to its Credit Agreement dated as of May 19, 2011 (the “Credit Agreement”). The amendment, among other things, provides for the repricing of the term loans under the Credit Agreement through the incurrence of $1,674.5 million of new term loans (the “New Term Loans”). The interest rate of the New Term Loans was reduced to LIBOR plus 2.75% with a LIBOR floor of 1.00%.

KAR Auction Services Inc Announces Participation in Credit Suisse 15th Annual Global Services Conference

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

KAR Announces Pricing of Secondary Offering of Common Stock

Carmel, IN – March 6, 2013 – KAR Auction Services, Inc. (NYSE: KAR) (the “Company”) announced today the pricing of a secondary offering of 13,000,000 shares of its common stock at $19.25 per share.

KAR Auction Services Announces Secondary Offering of Common Stock 3-4-13

Carmel, IN – March 4, 2013 – KAR Auction Services, Inc. (NYSE: KAR) (the “Company”) announced today the commencement of an underwritten offering of 13.0 million shares of its common stock by existing stockholder KAR Holdings II, LLC (the “LLC”), subject to market and other conditions. The LLC is controlled by entities affiliated with Kelso Investment Associates VII, L.P., GS Capital Partners VI, L.P., ValueAct Capital Master Fund, L.P. and Parthenon Investors II, L.P. The Company will not receive any proceeds from the offering. In connection with the offering, the LLC intends to grant the underwriters an option to purchase up to 1.95 million additional shares.

KAR Auction Services Announces Intention to Amend Credit Facility to Lower Pricing

Carmel, IN – February 28, 2013 – KAR Auction Services, Inc. (NYSE: KAR) (the “Company”) announced today its intention to seek an amendment to its credit agreement.

Subject to market conditions, the Company is seeking an amendment that would, among other things, result in lower interest costs by refinancing all currently outstanding term loans with a new tranche of term loans. The Company is also seeking to raise up to $150 million of incremental term loan commitments, the proceeds of which, together with a portion of the new tranche of term loans, will be used to redeem the Company’s outstanding $150 million aggregate principal amount of floating rate senior notes due May 1, 2014.

KAR Auction Services to Announce Fourth Quarter and Full Year 2012 Earnings

CARMEL, IND.—KAR Auction Services, Inc. (NYSE: KAR) announced today that it will be releasing its fourth quarter and full year 2012 earnings on Wednesday, February 20, 2013. KAR Auction Services, Inc. will also be hosting an earnings conference call and webcast on Thursday, February 21, 2013 at 11:00 a.m. EST (10:00 a.m. CST). The call will be hosted by KAR Auction Services, Inc.’s Chief Executive Officer, Jim Hallett and Executive Vice President and Chief Financial Officer, Eric Loughmiller. The conference call may be accessed by calling 1-888-329-8895 and entering participant passcode 593753, while the live web cast will be available at the investor relations section of www.karauctionservices.com.

IAA Launches I-Pay Through IAA Buyer App for Apple

WESTCHESTER, Ill., February 08, 2013 —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 launched I-Pay through its IAA Buyer App for Apple, making it the first to introduce payment services for salvage buyers via an app in the industry. I-PAY offers qualified buyers with a U.S. bank account the ability to pay for vehicle purchases online, anytime, which brings added benefits to buyers as well as providers. Apple users are already realizing cycle time and efficiency benefits by successfully using the I-Pay service through the IAA Buyer App.

KAR Auction Services Announces Pricing of Secondary Offering of Common Stock

Carmel, IN – December 5, 2012 – KAR Auction Services, Inc. (NYSE: KAR) (the “Company”) announced today the pricing of a secondary offering of 13,500,000 shares of its common stock at $17.50 per share.

KAR Auction Services Announces Secondary Offering of Common Stock

Carmel, IN – November 30, 2012 – KAR Auction Services, Inc. (NYSE: KAR) (the “Company”) announced today the commencement of an underwritten offering of up to $200 million of its common stock by existing stockholder KAR Holdings II, LLC (the “LLC”), subject to market and other conditions. The LLC is controlled by entities affiliated with Kelso Investment Associates VII, L.P., GS Capital Partners VI, L.P., ValueAct Capital Master Fund, L.P. and Parthenon Investors II, L.P. The Company will not receive any proceeds from the offering. In connection with the offering, the LLC intends to grant the underwriters an option to purchase an additional 15% of the number of shares in the offering.

KAR Auction Services Announces First Cash Dividend

Carmel, IN – November 30, 2012 – KAR Auction Services, Inc. (NYSE: KAR) (the “Company”) announced today that its Board of Directors has approved the initiation of a quarterly cash dividend on the Company’s common stock. The initial quarterly dividend of $0.19 per share will be paid on December 28, 2012 to stockholders of record at the close of business on December 19, 2012, representing an annualized dividend of $0.76 per share. This is the first dividend paid to stockholders in the Company’s history.

KAR Auction Services Seeks to Amend Credit Agreement

Carmel, IN November 19, 2012 – KAR Auction Services, Inc. (NYSE: KAR) (the “Company”) announced today that it is seeking amendments to its Credit Agreement, dated as of May 19, 2011 (the "Credit Agreement"), that would provide greater flexibility to the Company, including modifications to increase the amount of restricted payments (which include, among other things, dividends, stock buybacks and other payments made in respect of the Company's equity securities) permitted to be paid under the terms of the Credit Agreement and modifications to a financial covenant to account for such greater flexibility.

Insurance Auto Auctions Opens Two Facilities in Texas

WESTCHESTER, Ill., November 14, 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 two new locations in Texas, including McAllen and Lubbock, respectively, increasing its footprint to a total of 12 IAA auction locations in the state. Both locations are critical to IAA’s continued expansion in giving providers more locations to sell their vehicles and global buyers more cars to bid on and win.

Insurance Auto Auctions Launches Out-of-State Title Processing Services in California

WESTCHESTER, IL, November 7, 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 a new title processing capability for its vehicle providers in California. IAA is now able to process out-of-state titles in-house through a partnership forged with DealerTrak, an authorized Department of Motor Vehicles (DMV) provider. This will significantly reduce insurance providers’ cycle times and overhead costs, while offering greater ease and convenience to their salvage handling teams.

KAR Auction Services Inc Reports Third Quarter 2012 Results

Carmel, IN, November 6, 2012 — KAR Auction Services, Inc. (NYSE: KAR), today reported its third quarter financial results for the three months ended September 30, 2012. For the third quarter of 2012, the company reported revenue of $474.9 million as compared with revenue of $449.1 million for the third quarter of 2011, an increase of 6%. Adjusted EBITDA for the third quarter of 2012 increased 1% to $117.3 million, as compared with Adjusted EBITDA of $115.7 million for the third quarter of 2011. Net income for the third quarter of 2012 decreased 40% to $19.2 million, or $0.14 per diluted share, as compared with net income of $32.2 million, or $0.23 per diluted share, in the third quarter of 2011. Adjusted net income per share for the third quarter of 2012 and 2011 was $0.23.

IAA Further Enhances Their Best In Class Buyer Experience With Enhanced Releases of I-BID Live and the IAA Buyer App

WESTCHESTER, IL, October 10, 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 redesign of its online bidding tool I-Bid Live ^SM and increased functionality to its IAA Buyer app. The newly formatted I-Bid Live tool features a streamlined user interface that enhances the speed of accessing vehicle information, in addition to increased vehicle photo viewing options and expanded pre-bid details. IAA Buyer, the industry’s first buyer app, includes a new bar code scanning feature that allows immediate access to vehicle details all through a smart phone camera. All of these enhancements enable buyers to make a more informed purchase decision.

Insurance Auto Auctions Unveils IAA Title Management and Title Tracker

WESTCHESTER, Ill., September 25, 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 that it has launched a suite of patent pending title procurement tools – IAA Title Management and Title Tracker.

Employees Serving in the National Guard and Reserve Continue to Benefit from Insurance Auto Auctions Support

Austin, Texas – Dr. Jerry Icenhower, Chairman of the Texas ESGR Committee (ESGR), joined John Kett to celebrate the grand opening of IAA’s Austin, Texas facility and to reaffirm IAA support of Veteran and Reservist employment. Mr. Kett signed a Statement of Support for the Guard and Reserve during IAA’s September 11th Patriot Day observance which occurred during a pause in their live and live-online salvage auto auction to buyers representing 110 countries who can access the auction in six languages.

Insurance Auto Auctions Raises over 140,000 dollars for Alexs Lemonade Stand Foundation to Battle Childhood Cancer

INSURANCE AUTO AUCTIONS RAISES OVER $140,000 FOR ALEX’S LEMONADE STAND FOUNDATION TO BATTLE CHILDHOOD CANCER

IAA branches nationwide raise critical funds during 9th annual National Lemonade Days

WESTCHESTER, Ill., August 22, 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), has raised $142,084 for Alex’s Lemonade Stand Foundation (ALSF) to help raise awareness and funds in the battle against childhood cancer.

Insurance Auto Auctions Contributes Ten Thousand Dollars to Collision Repair Education Foundation in Support of Students Education

Hoffman Estates, IL - August 15, 2012 – Insurance Auto Auctions has displayed its commitment to the future of the collision industry by contributing $10,000 to the Collision Repair Education Foundation. Insurance Auto Auctions’ contribution is an investment into the entire industry as this enhances the Education Foundation’s ability to offer grants and scholarships to career and technical schools and colleges and the students attending these schools. By increasing educational opportunities for these students, who are tomorrow’s industry professionals, the future will be brighter for all segments.

KAR Auction Services Inc Reports Second Quarter 2012 Results

Carmel, IN, August 6, 2012 — KAR Auction Services, Inc. (NYSE: KAR), today reported its second quarter financial results for the three months ended June 30, 2012. For the second quarter of 2012, the company reported revenue of $487.9 million as compared with revenue of $472.7 million for the second quarter of 2011, an increase of 3%. Adjusted EBITDA for the second quarter of 2012 decreased 3% to $128.1 million as compared with Adjusted EBITDA of $132.1 million for the second quarter of 2011. Net income for the second quarter of 2012 increased 267% to $23.9 million, or $0.17 per diluted share, as compared with a net loss of $14.3 million, or $0.11 per diluted share, in the second quarter of 2011. The increase in net income for the second quarter of 2012 was primarily due to the company reporting a net loss in second quarter 2011 as a result of the early extinguishment of the company’s 8¾% Senior Notes, 10% Senior Subordinated Notes and former Term Loan B credit facility. Adjusted net income per share for the second quarter of 2012 declined 19% to $0.26 versus adjusted net income per share of $0.32 for the second quarter of 2011.

KAR Q2 2012 10-Q

Replay of Q2 2012 Earnings Call August 7, 2012

KAR Auction Services, Inc. reports Second Quarter 2012 Results

Insurance Auto Auctions Relocates Austin Branch to Larger Upgraded Facility

WESTCHESTER, Ill., July 17, 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 relocation of its Austin branch to a brand new facility. The initial size of the facility will be 37 acres with additional expansion possibilities. With its excellent facilities, this new strategic location in southeast Texas, will offer IAA buyers and sellers a significantly improved auction experience.

Transcript from Stephens Spring Investment Conference June 6 2012

Q1 2012 10-Q

KAR Auction Services Inc Reports First Quarter 2012 Results

IAA to Help Raise $100,000 For Alexs Lemonade Stand Foundation to Battle Childhood Cancer

Jun 3-4, 2012 (Westchester, IL) - 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), is proud to announce support for Alex's Lemonade Stand Foundation's (ALSF) 9th Annual National Lemonade Days. In June, IAA plans to sell lemonade at 142 of its 160 North American branches, from coast-to-coast, as well as its Chicago-based headquarters to help generate $100,000 for research into new treatments and cures for childhood cancer.

Replay from Stephens Spring Investment Conference 6-6-12 webcast

KAR Auction Services Q1 2012 Earnings Call Transcript

Robert W Baird Growth Stock Conference Presentation 5-9-12

Replay of Q1 2012 Earnings Call May 8 2012

KAR Auction Services Announces Launch of ADESA OpenLane

Carmel, Ind.—KAR Auction Services, Inc. (NYSE: KAR) today announced that it has fully integrated the online bid-now sales events of two of its subsidiary companies, ADESA and OPENLANE.