KAR Auction Services (KAR)

5 stars
(0)
4 stars
(0)
3 stars
(0)
2 stars
(0)
1 stars
(1)
Category: Business & Finances

Contact Information
Carmel, Indiana, United States

karholdings.com

KAR Auction Services (KAR) Reviews

GreggTinker December 9, 2009
IPO for Debt is Lousy Investment
KAR Auction Service - IPO for Debt is Lousy Investment

An IPO that is needed to mostly pay down debt makes for a poor investment.

Last year KAR had a net loss of $169.9 million, with most profits made by cutting costs and expenses. Sales were also down over 3%.

Many of the used-car dealers that supported KAR have disappeared. Additionally, KARS flooring arm, Automotive Finance Corporation (AFC), has sued hundreds, if not thousands, of the used car dealers that had supported them.

That all adds up to a disintegrating business plan and a rotten investment.

Write a Review for KAR Auction Services (KAR)

Rate it!
Review Title
You Review
Image
Type the numbers shown

RECENTLY UPDATED REVIEWS

LUAN KHUC UNCLAIM ASSETS ON FILE : $2,111,650.00
The company does not honour the warranty claim and makes you pay for device repair even if you are not at fault.
permanently closed
Taxi To Heathrow & Heathrow Taxi Transfers
Chapter 7 Bankruptcy
Ride and Shine Detail
old ironsides fake id
Digital Marketing and Company Formation Services UAE | SEO and PPC Marketing
Escort ladyluck Frankfurt

REQUESTED REVIEWS

REVIEWS BY CATEGORY