KAR posts higher revenue in Q1, but TradeRev rollout still weighs on bottom line

First-quarter revenue at KAR's ADESA auction unit rose 14 percent to $599.7 million, driven by a 7.6 percent increase in total vehicles sold. (BLOOMBERG)

May 08, 2019 05:25 PM

KAR Auction Services reported higher first-quarter revenue, but the rollout of its TradeRev online vehicle auction platform continued to weigh on company profits.

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