KAR Auction Services (NYSE:KAR) reported its Q1 earnings results on Tuesday, May 3, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
KAR Auction Services missed estimated earnings by 116.67%, reporting an EPS of $-0.02 versus an estimate of $0.12.
Revenue was down $212.20 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.09 which was followed by a 14.32% increase in the share price the next day.
Here's a look at KAR Auction Services's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.02 | 0.10 | 0.19 | 0.12 |
| EPS Actual | 0.11 | 0.08 | 0.15 | 0.45 |
| Revenue Estimate | 511.67M | 521.67M | 588.80M | 558.73M |
| Revenue Actual | 549.40M | 535.20M | 585.40M | 581.60M |
To track all earnings releases for KAR Auction Services visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
