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KAR Auction Services, Inc. to Announce First Quarter 2013 Earnings

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By Business Wirevia The Motley Fool

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KAR Auction Services, Inc. to Announce First Quarter 2013 Earnings

CARMEL, Ind.–(BUSINESS WIRE)– KAR Auction Services, Inc. (NYS: KAR) announced today that it will be releasing its first quarter 2013 earnings on Wednesday, May 1, 2013.

KAR Auction Services, Inc. will also be hosting an earnings conference call and webcast on Thursday, May 2, 2013 at 11:00 a.m. EDT (10:00 a.m. CDT). The call will be hosted by KAR Auction Services, Inc.’s Chief Executive Officer, Jim Hallett and Executive Vice President and Chief Financial Officer, Eric Loughmiller. The conference call may be accessed by calling 1-888-466-4414and entering participant passcode 156725 while the live web cast will be available at the investor relations section of www.karauctionservices.com.

A replay of the call will be available for two weeks via telephone starting approximately 30 minutes after the completion of the call. The replay may be accessed by calling 1-888-203-1112and entering pass code 1235452. The archive of the web cast will also be available following the call and will be available at the investor relations section of www.karauctionservices.com for a limited time.


About KAR Auction Services, Inc.

KAR Auction Services, Inc. (NYS: KAR) is the holding company for ADESA, Inc. (“ADESA”), Insurance Auto Auctions, Inc. (“IAA”), and Automotive Finance Corporation (“AFC”). ADESA is a leading provider of wholesale used vehicle auctions with 67 North American locations and its subsidiary OPENLANE provides a leading Internet automotive auction platform. Insurance Auto Auctions is a leading salvage vehicle auction company with 163 sites across North America. Automotive Finance Corporation is a leading provider of floorplan financing to independent and franchise used vehicle dealers with 104 sites across North America. Together, KAR Auction Services provides a unique, comprehensive, end-to-end solution for our customers’ remarketing needs. Visit karauctionservices.com for additional information.

KAR Auction Services, Inc.
Treasurer and Vice President, Investor Relations
Jonathan Peisner, 317-249-4390
jonathan.peisner@karauctionservices.com

KEYWORDS:   United States  North America  Indiana

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From: http://www.dailyfinance.com/2013/04/17/kar-auction-services-inc-to-announce-first-quarter/

Business, Finance, Occupation & Industry

IAA Launches I-Pay Through IAA Buyer App for Android

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By Business Wirevia The Motley Fool

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IAA Launches I-Pay Through IAA Buyer App for Android

Further enhances buying experience for customers with strengthened I-Pay service after successful launch for Apple buyers

WESTCHESTER, Ill.–(BUSINESS WIRE)– Insurance Auto Auctions, Inc. (IAA) the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc. (NYS: KAR) , today announced that it has launched I-Pay through the IAA Buyer App for Android, which follows directly on the company’s successful launch of I-Pay for Apple. IAA is the first company in the industry to offer payment services for salvage buyers through an app, which provides customers a comprehensive solution to help make more informed decisions, with the speed and convenience of their mobile devices.

I-Pay offers qualified buyers with a U.S. bank account the ability to pay for vehicle purchases online, anytime, bringing added benefits to buyers as well as providers. Apple and Android users are already realizing significant cycle time and efficiency benefits using the I-Pay service.

“We have kept our promise of bringing I-Pay for Android users,” said Tom O’Brien, chief executive officer at Insurance Auto Auctions, Inc. “We are constantly looking for ways to improve our buyers’ experience. Buyers expect to be able to pay for vehicles from us while on the go. This is another example of our commitment to continuing our investment in our industry leading technological capabilities.”

The IAA Buyer App is yet another example of IAA‘s investment in technologies which focus on performance as well as enhancing buyer experience. It surpasses other mobile apps on the market by offering greater functionality, efficiency and ease of use. Among the many features offered through IAA‘s Buyer app, is an extended bidding session allowing buyers two hours to bid without a session time out. This significantly exceeds the average of 10 minutes offered by other industry apps. The app can also be tailored to meet customers’ specific needs and includes push notifications that provide up-to-the-minute updates on payment statuses and other important information. Since the IAA Buyer App first debuted in December 2011, thousands and thousands of buyers have been using the software, demonstrating its growing success with customers and an increased focus on technology in the salvage industry.

In addition to I-Pay, IAA recently launched a re-designed buyer landing page that is available through the IAA Buyer App for Apple and Android as well as IAA‘s universally compatible mobile website, m.iaai.com. The landing page now features key functions that make the bidding and buying process …read more

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