KAR

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Peter Kelly's photo - CEO of KAR

CEO

Peter Kelly

CEO Approval Rating

84/100

Founded:

2006

Status:

PublicIndependent CompanyNYSEKAR

KAR TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

REVENUE

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Manheim is KAR's biggest rival. Manheim was founded in 1945, and is headquartered in Atlanta, Georgia. Like KAR, Manheim also works within the Automobile Dealers, Service providers, Online Platforms sector. Manheim generates $476.2M more revenue vs. KAR.

CarMax is one of KAR's top competitors. CarMax's headquarters is in Richmond, Virginia, and was founded in 1993. Like KAR, CarMax also works within the Automobile Dealers, Service providers, Online Platforms sector. CarMax generates 1,030% of KAR's revenue.

Auction Edge is seen as one of KAR's top competitors. Auction Edge is a Private company that was founded in 2012 in Seattle, Washington. Auction Edge operates in the Automobile Dealers, Service providers, Online Platforms industry. Compared to KAR, Auction Edge has 18,360 fewer employees.

KAR Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$2.1B

KAR's revenue is the ranked 4th among it's top 10 competitors. The top 10 competitors average 10.4B. Over the last four quarters, KAR's revenue has grown by 38.8%. Specifically, in Q1 2021's revenue was $581.6M; in Q4 2020, it was $529.6M; in Q3 2020, it was $593.6M; in Q2 2020, KAR's revenue was $419M.

KAR Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION

-

Auction Frontier

May 2021

Source »
undisclosed
-
Velocicast

May 2021

Source »
undisclosed
-
BacklotCars, Inc.

Sep 2020

Source »
$425M
BacklotCars is an online automotive auction marketplace that enables auto dealers to purchase cars.
Clearplan, Inc.

Nov 2018

Source »
undisclosed
Clearplan is a cloud-based platform that offers repossession workflow management, logistics and reporting solutions.
Stratim Systems, Incorporated

Feb 2018

Source »
undisclosed
STRATIM is an online platform that enables transportation companies to manage and optimize the performance of fleets.

KAR Funding History

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Post-IPO Equity
May 2020
$550M

Apax Partners

IPO
Jun 2005
$150M
-

KAR Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Ravin is a UK-based company that provides automated vehicle inspection and fleet management solutions for the automotive sector.
$15M
Mar 15, 2021
Series A
-

KAR News

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KAR Headquarters

11299 N. Illinois Street

Carmel, Indiana46032

800-923-3725

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KAR Summary

ABOUT

Overview

KAR is an Indiana-based automobile company that provides auction services for users to buy used vehicles. KAR was founded in 2006. KAR's headquarters is located in Carmel, Indiana, USA 46032. It has raised 700.0M in 2 rounds. The latest round was in M...

CEO

KAR's CEO, Peter Kelly, currently has an approval rating of 84%. KAR's primary competitors are Manheim, CarMax & Auction Edge.

Frequently Asked Questions about KAR

  1. When was KAR founded?

    KAR was founded in 2006
  2. Who is KAR's CEO?

    KAR's CEO is Peter Kelly
  3. How much revenue does KAR generate?

    KAR generates $2.1B in revenue
  4. How much funding does KAR have?

    KAR has historically raised $700M in funding
  5. Where is KAR's headquarters?

    KAR's headquarters is in Carmel Indiana, USA
  1. How many employees does KAR have?

    KAR has 18,400 employees
  2. What sector does KAR operate in?

    KAR is in Automobile Dealers, Service providers, Online Platforms
  3. Who are KAR's competitors?

    KAR's top competitors are Manheim, CarMax, Auction Edge
  4. Who has KAR invested in?

    KAR's has invested in companies such as Ravin