Benzinga | Nov 3, 2020 04:46PM EST

KAR Auction Services Q3 EPS $0.45 Beats $0.27 Estimate, Sales $593.60M Miss $639.28M Estimate

KAR Auction Services (NYSE:KAR) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.27 by 66.67 percent. This is a 28.57 percent increase over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $593.60 million which missed the analyst consensus estimate of $639.28 million by 7.15 percent. This is a 15.43 percent decrease over sales of $701.90 million the same period last year.