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KAR Auction Services Inc (NYSE:KAR) Investor Investigation Announced

  • If you purchased shares of KAR Auction Services Inc (NYSE:KAR), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
KAR Auction Services Inc
Security
NYSE: KAR

Summary

July 21 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of KAR Auction Services Inc (NYSE:KAR) was announced over potential breaches of fiduciary duties by certain officers and directors at KAR Auction Services Inc

The investigation by a law firm concerns whether certain KAR Auction Services Inc (NYSE:KAR officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

KAR Auction Services Inc reported that its annual Total Revenue rose from over $2.36 biollion in 2014 to over $2.63 billion in 2015 and that oits Net Income grew from $169.30 million in 2014 to $214.60 million in 2015.

Shares of KAR Auction Services Inc (NYSE:KAR) grew from $26.90 per share in October 2014 to as high as $42.99 per share on July 12, 2016.

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