KAR Auction Services, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 99.6 million compared to USD 84.2 million a year ago. Revenue was USD 420.6 million compared to USD 369.4 million a year ago.

Net income was USD 12.7 million compared to net loss of USD 0.3 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.16 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.16 a year ago.

Basic earnings per share was USD 0.01 compared to basic loss per share of USD 0.09 a year ago. Diluted earnings per share was USD 0.01 compared to diluted loss per share of USD 0.09 a year ago.