KAR Historical Income Statement
KAR Stock | USD 19.86 0.29 1.48% |
Historical analysis of KAR Auction income statement accounts such as Gross Profit of 1.1 B can show how well KAR Auction Services performed in making a profits. Evaluating KAR Auction income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of KAR Auction's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining KAR Auction Services latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether KAR Auction Services is a good buy for the upcoming year.
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About KAR Income Statement Analysis
KAR Auction Services Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to KAR Auction shareholders. The income statement also shows KAR investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
KAR Auction Income Statement Chart
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Gross Profit
Gross profit is a required income statement account that reflects total revenue of KAR Auction Services minus its cost of goods sold. It is profit before KAR Auction operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of KAR Auction Services. It is also known as KAR Auction overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from KAR Auction's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into KAR Auction Services current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KAR Auction Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, KAR Auction's Interest Income is relatively stable compared to the past year. As of 11/17/2024, Reconciled Depreciation is likely to grow to about 148.5 M, though Operating Income is likely to grow to (4.9 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 126.6M | 119.2M | 155.8M | 115.3M | Depreciation And Amortization | 109.9M | 100.2M | 101.5M | 145.9M |
KAR Auction income statement Correlations
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KAR Auction Account Relationship Matchups
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KAR Auction income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 196.4M | 191.3M | 109.9M | 100.2M | 101.5M | 145.9M | |
Interest Expense | 189.5M | 128.9M | 126.6M | 119.2M | 155.8M | 115.3M | |
Total Revenue | 2.8B | 2.2B | 2.3B | 1.5B | 1.6B | 2.5B | |
Gross Profit | 1.2B | 902.9M | 951.7M | 685.1M | 777.5M | 1.1B | |
Other Operating Expenses | 2.5B | 2.0B | 2.0B | 1.4B | 1.7B | 2.2B | |
Operating Income | 314.1M | 136.4M | 210.6M | 173.7M | (5.2M) | (4.9M) | |
Ebit | 314.1M | 134.3M | 127.5M | 157.8M | 9.3M | 8.8M | |
Ebitda | 510.5M | 325.6M | 237.4M | 258M | 110.8M | 105.3M | |
Cost Of Revenue | 1.6B | 1.3B | 1.3B | 834.3M | 867.6M | 1.4B | |
Total Operating Expenses | 850.7M | 736.7M | 741.1M | 545.3M | 782.7M | 753.8M | |
Income Before Tax | 130.1M | 5.4M | 101.5M | 38.6M | (146.5M) | (139.2M) | |
Total Other Income Expense Net | (184M) | (63.8M) | (113.2M) | (135.1M) | (141.3M) | (134.2M) | |
Net Income | 92.4M | 500K | 66.5M | 28.6M | (154.1M) | (146.4M) | |
Income Tax Expense | 37.7M | 4.9M | 35M | 10M | 8.3M | 7.9M | |
Selling General Administrative | 662M | 545.4M | 558.1M | 445.1M | 430.4M | 549.3M | |
Net Income Applicable To Common Shares | 188.5M | 500K | 66.5M | 241.2M | 277.4M | 166.4M | |
Net Income From Continuing Ops | 92.4M | 500K | 66.5M | 28.6M | (154.8M) | (147.1M) | |
Non Operating Income Net Other | 7.7M | (2.1M) | 17.5M | 1.3M | 1.5M | 1.6M | |
Tax Provision | 37.7M | 4.9M | 35M | 10M | 8.3M | 7.9M | |
Interest Income | 189.5M | 128.9M | 97M | 109.6M | 98.6M | 108.8M | |
Net Interest Income | (189.5M) | (128.9M) | (126.6M) | (119.2M) | (155.8M) | (163.6M) | |
Discontinued Operations | 96.1M | 54.1M | 67.3M | 212.6M | 191.3M | 116.2M | |
Reconciled Depreciation | 188.7M | 191.3M | 183M | 100.2M | 101.5M | 148.5M | |
Extraordinary Items | 96.1M | 54.1M | 67.3M | 212.6M | 191.3M | 110.5M |
Pair Trading with KAR Auction
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if KAR Auction position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in KAR Auction will appreciate offsetting losses from the drop in the long position's value.Moving together with KAR Stock
Moving against KAR Stock
0.45 | FC | Franklin Covey | PairCorr |
0.42 | MG | Mistras Group | PairCorr |
0.42 | VLTO | Veralto | PairCorr |
0.37 | FA | First Advantage Corp | PairCorr |
The ability to find closely correlated positions to KAR Auction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KAR Auction when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back KAR Auction - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling KAR Auction Services to buy it.
The correlation of KAR Auction is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as KAR Auction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KAR Auction Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for KAR Auction can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for KAR Stock Analysis
When running KAR Auction's price analysis, check to measure KAR Auction's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy KAR Auction is operating at the current time. Most of KAR Auction's value examination focuses on studying past and present price action to predict the probability of KAR Auction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KAR Auction's price. Additionally, you may evaluate how the addition of KAR Auction to your portfolios can decrease your overall portfolio volatility.