Kar auction services, inc. reports 2022 financial results

Total revenue and gross profit increased for the quarter and year cost actions completed on schedule and contributed to a reduction in fourth quarter selling, general and administrative expenses completed consolidation of u.s. dealer-to-dealer marketplaces and migrated european marketplace technology onto a single platform over $1.5 billion of corporate debt repaid and 12.6 million shares of common stock repurchased and retired for approximately $182 million in 2022 carmel, ind. , feb. 21, 2023 /prnewswire/ -- kar auction services, inc. (nyse: kar), today reported its fourth quarter and annual financial results for the period ended december 31, 2022.
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