KAR

KAR

End-to-end digital solutions for the global automotive wholesale industry, simplifying remarketing for OEMs, dealers, and fleet operators. Learn more

Launch date
Employees
Market cap
€1.6b
Enterprise valuation
€1.9b (Public information from Sep 2024)
Carmel Indiana (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2019202020212022202320242025
Revenues2.8b2.2b2.3b1.5b1.6b1.7b1.8b
% growth-(21 %)3 %(33 %)8 %3 %6 %
EBITDA511m355m411m241m352m295m322m
% EBITDA margin18 %16 %18 %16 %21 %17 %18 %
Profit189m<1m66.5m241m(154m)71.7m102m
% profit margin7 %-3 %16 %(9 %)4 %6 %
EV / revenue1.5x1.6x1.6x1.1x1.1x1.1x1.0x
EV / EBITDA8.2x9.9x8.7x7.0x5.3x6.5x5.7x
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DateInvestorsAmountRound
-

N/A

-
N/A

N/A

IPO

N/A

Post IPO Equity
*

$550m

Post IPO Equity
*
N/A

$140m

Post IPO Debt
Total Funding-

Recent News about KAR

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More about KARinfo icon
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KAR Global is a technology-driven company that provides comprehensive digital solutions for the automotive wholesale industry. The company operates in a global market, serving a diverse range of clients including original equipment manufacturers (OEMs), dealers, fleet operators, rental companies, and financial institutions. KAR Global's business model revolves around offering end-to-end remarketing services, which include vehicle inspections, analytics, and digital marketplaces. These services help clients efficiently buy and sell used vehicles, leveraging data to provide actionable insights and streamline operations. The company generates revenue through transaction fees, subscription services, and value-added services provided on its digital platforms. Headquartered in Carmel, Indiana, KAR Global has a significant global footprint with operations across North America, Europe, the Philippines, and Uruguay. The company is committed to innovation and excellence, aiming to make the wholesale vehicle market more accessible and efficient for its clients.

Keywords: automotive wholesale, digital platform, remarketing solutions, vehicle inspections, analytics, OEMs, dealers, fleet operators, global footprint, transaction fees.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by KAR

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Backlotcars
ACQUISITION by KAR Sep 2020
Stratim (formerly ZIRX)
ACQUISITION by KAR Feb 2018
CarWave
ACQUISITION by KAR Aug 2021