KAR Auction Services Inc (KAR)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 157,900 | 110,100 | 94,000 | -137,300 | -146,500 | -107,900 | -126,100 | 71,700 | 38,600 | -12,600 | -22,000 | 13,900 | 101,500 | 72,400 | 132,600 | 75,100 | 5,400 | 50,500 | 40,100 | 113,100 |
| Revenue (ttm) | US$ in thousands | 1,751,500 | 1,687,800 | 1,655,700 | 1,640,800 | 1,645,100 | 1,626,600 | 1,603,300 | 1,570,600 | 1,519,400 | 1,696,000 | 1,838,200 | 2,039,400 | 2,251,600 | 2,231,800 | 2,290,200 | 2,123,800 | 2,187,700 | 2,329,400 | 2,437,700 | 2,737,800 |
| Pretax margin | 9.02% | 6.52% | 5.68% | -8.37% | -8.91% | -6.63% | -7.87% | 4.57% | 2.54% | -0.74% | -1.20% | 0.68% | 4.51% | 3.24% | 5.79% | 3.54% | 0.25% | 2.17% | 1.64% | 4.13% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $157,900K ÷ $1,751,500K
= 9.02%
The pretax margin of KAR Auction Services Inc has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. Initially, the pretax margin stood at 4.13% as of March 31, 2020, indicating the company's ability to generate profits before accounting for taxes. However, the margin declined to 1.64% by June 30, 2020, before rebounding to 2.17% by September 30, 2020. There was a significant decrease to 0.25% by December 31, 2020, but a notable improvement to 3.54% by March 31, 2021.
The pretax margin continued to fluctuate, reaching a peak of 5.79% by June 30, 2021, before dipping to 3.24% by September 30, 2021. It then increased to 4.51% by December 31, 2021, followed by a slight decline to 0.68% by March 31, 2022. The margin turned negative from June 30, 2022, (-1.20%) to December 31, 2024 (9.02%), with varying levels in between. The negative pretax margins from June 30, 2023, to December 31, 2024, indicate that the company's expenses exceeded its pre-tax income during those periods.
Overall, the pretax margin trend of KAR Auction Services Inc reflects fluctuations and volatility in its profitability over time, highlighting the need for further analysis and a deeper understanding of the company's financial performance.
Peer comparison
Dec 31, 2024