After completion of spin-off, KAR will focus primarily on its whole car auction marketplaces and technology solutions serving OEMs, captive financing companies, vehicle lending institutions, fleets, ...

Insurance Auto Auctions (IAA), Westchester, Illinois, has opened a new branch location in Commerce City, Colorado. The company, an auto salvage and auction firm, is a business unit of KAR Auction ...

The upcoming Insurance Auto Auctions spinoff is good news for current KAR stockholders. IAA is a terrific business with fantastic economics, which means that the transaction could potentially unlock a ...

Shares of KAR Auction Services (NYSE: KAR) plunged 55.5% in June, according to data from S&P Global Market Intelligence, but that's only because the vehicle auction services company completed the ...

A spinoff is causing havoc on some financial sites. Before markets opened on Friday, KAR completed its long-planned spin of its IAA salvage auction business. The company distributed 100% ownership of ...

KAR Auction Services Inc. said Tuesday that it will spin off its salvage auction business unit within the next 12 months so both entities will be able to focus on their separate priorities and boost ...

Negative equity can be significant hurdle to clear when dealerships handle trades, as Edmunds recently reported 7.7% of trade-ins toward a new-vehicle purchase during the second quarter were upside ...

The company provides salvage auction services for insurance companies, accident management companies, and other public and private sellers. Suburban Chicago automobile marketing firm IAA Inc. said ...

WESTCHESTER, Ill. — A bill in the Texas legislature was recently amended to include exemptions benefiting the salvage industry, and sharing Tuesday how it helped pushed this amendment through was ...

Canadian equipment marketplace Ritchie Bros Auctioneers Inc. said on Monday it would buy U.S.-based IAA Inc.in a deal valued at about $7.3 billion to diversify into the salvage vehicle market. The ...