KAR Shares Surged over 48% in Morning Trading

Tiger Newspress2022-02-25

KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global's U.S. vehicle auction business for over $2 billion.

Online used-car seller Carvana has agreed to buy KAR Global's vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.

The deal for ADESA's U.S. unit announced on Thursday gives Carvana access to a business that brought in over $800 million in revenue last year and has 56 physical sites.

Carvana posted strong sales early on in the pandemic as a thin supply of new cars drove up prices of used vehicles, but its growth has slowed in the past few quarters.

It said on Thursday that revenue jumped 105% in the fourth quarter to $3.75 billion, compared with a 125% rise in the previous three months.

"Carvana and ADESA U.S.'s footprints are highly complementary and combining them extends the collective reach of the two businesses," the used-car seller said.

It added that when fully utilized, ADESA's reconditioning operations can add about 2 million units to its annual production.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

eheheh
2022-02-28
eheheh
Nice
WifeWhyWhy
2022-02-27
WifeWhyWhy
Ok
k1wong
2022-02-27
k1wong
K
SPOT_ON
2022-02-27
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Like
Christyne
2022-02-26
Christyne
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Grit100
2022-02-26
Grit100
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href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-25 22:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global&#39;s U.S. vehicle auction business for over $2 billion.</p><p><img src=\"https://static.tigerbbs.com/abc395e3e31dc3e2ab54edd92578b947\" tg-width=\"853\" tg-height=\"644\" width=\"100%\" height=\"auto\"/>Online used-car seller Carvana has agreed to buy KAR Global&#39;s vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.</p><p>The deal for ADESA&#39;s U.S. unit announced on Thursday gives Carvana access to a business that brought in 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href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-25 22:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global&#39;s U.S. vehicle auction business for over $2 billion.</p><p><img src=\"https://static.tigerbbs.com/abc395e3e31dc3e2ab54edd92578b947\" tg-width=\"853\" tg-height=\"644\" width=\"100%\" height=\"auto\"/>Online used-car seller Carvana has agreed to buy KAR Global&#39;s vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.</p><p>The deal for ADESA&#39;s U.S. unit announced on Thursday gives Carvana access to a business that brought in over $800 million in revenue last year and has 56 physical sites.</p><p>Carvana posted strong sales early on in the pandemic as a thin supply of new cars drove up prices of used vehicles, but its growth has slowed in the past few quarters.</p><p>It said on Thursday that revenue jumped 105% in the fourth quarter to $3.75 billion, compared with a 125% rise in the previous three months.</p><p>&#34;Carvana and ADESA U.S.&#39;s footprints are highly complementary and combining them extends the collective reach of the two businesses,&#34; the used-car seller said.</p><p>It added that when fully utilized, ADESA&#39;s reconditioning operations can add about 2 million units to its annual production.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CVNA":"Carvana Co.","KAR":"OPENLANE"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188540468","content_text":"KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global's U.S. vehicle auction business for over $2 billion.Online used-car seller Carvana has agreed to buy KAR Global's vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.The deal for ADESA's U.S. unit announced on Thursday gives Carvana access to a business that brought in over $800 million in revenue last year and has 56 physical sites.Carvana posted strong sales early on in the pandemic as a thin supply of new cars drove up prices of used vehicles, but its growth has slowed in the past few quarters.It said on Thursday that revenue jumped 105% in the fourth quarter to $3.75 billion, compared with a 125% rise in the previous three months.\"Carvana and ADESA U.S.'s footprints are highly complementary and combining them extends the collective reach of the two businesses,\" the used-car seller said.It added that when fully utilized, ADESA's reconditioning operations can add about 2 million units to its annual production.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9039973383,"gmtCreate":1645915692053,"gmtModify":1676534073530,"author":{"id":"3574996050082067","authorId":"3574996050082067","name":"k1wong","avatar":"https://community-static.tradeup.com/news/677b37ef7f68f9ac2e51ca5f6ad6ef5e","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":1,"idStr":"3574996050082067","authorIdStr":"3574996050082067"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039973383","repostId":1188540468,"repostType":4,"repost":{"id":"1188540468","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1645799796,"share":"https://ttm.financial/m/news/1188540468?lang=&edition=fundamental","pubTime":"2022-02-25 22:36","market":"us","language":"en","title":"KAR Shares Surged over 48% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1188540468","media":"Tiger Newspress","summary":"KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global's U.S. vehicle auction busi","content":"<html><head></head><body><p>KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global&#39;s U.S. vehicle auction business for over $2 billion.</p><p><img src=\"https://static.tigerbbs.com/abc395e3e31dc3e2ab54edd92578b947\" tg-width=\"853\" tg-height=\"644\" width=\"100%\" height=\"auto\"/>Online used-car seller Carvana has agreed to buy KAR Global&#39;s vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.</p><p>The deal for ADESA&#39;s U.S. unit announced on Thursday gives Carvana access to a business that brought in over $800 million in revenue last year and has 56 physical sites.</p><p>Carvana posted strong sales early on in the pandemic as a thin supply of new cars drove up prices of used vehicles, but its growth has slowed in the past few quarters.</p><p>It said on Thursday that revenue jumped 105% in the fourth quarter to $3.75 billion, compared with a 125% rise in the previous three months.</p><p>&#34;Carvana and ADESA U.S.&#39;s footprints are highly complementary and combining them extends the collective reach of the two businesses,&#34; the used-car seller said.</p><p>It added that when fully utilized, ADESA&#39;s reconditioning operations can add about 2 million units to its annual production.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKAR Shares Surged over 48% in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-25 22:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global&#39;s U.S. vehicle auction business for over $2 billion.</p><p><img src=\"https://static.tigerbbs.com/abc395e3e31dc3e2ab54edd92578b947\" tg-width=\"853\" tg-height=\"644\" width=\"100%\" height=\"auto\"/>Online used-car seller Carvana has agreed to buy KAR Global&#39;s vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.</p><p>The deal for ADESA&#39;s U.S. unit announced on Thursday gives Carvana access to a business that brought in over $800 million in revenue last year and has 56 physical sites.</p><p>Carvana posted strong sales early on in the pandemic as a thin supply of new cars drove up prices of used vehicles, but its growth has slowed in the past few quarters.</p><p>It said on Thursday that revenue jumped 105% in the fourth quarter to $3.75 billion, compared with a 125% rise in the previous three months.</p><p>&#34;Carvana and ADESA U.S.&#39;s footprints are highly complementary and combining them extends the collective reach of the two businesses,&#34; the used-car seller said.</p><p>It added that when fully utilized, ADESA&#39;s reconditioning operations can add about 2 million units to its annual production.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CVNA":"Carvana Co.","KAR":"OPENLANE"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188540468","content_text":"KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global's U.S. vehicle auction business for over $2 billion.Online used-car seller Carvana has agreed to buy KAR Global's vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.The deal for ADESA's U.S. unit announced on Thursday gives Carvana access to a business that brought in over $800 million in revenue last year and has 56 physical sites.Carvana posted strong sales early on in the pandemic as a thin supply of new cars drove up prices of used vehicles, but its growth has slowed in the past few quarters.It said on Thursday that revenue jumped 105% in the fourth quarter to $3.75 billion, compared with a 125% rise in the previous three months.\"Carvana and ADESA U.S.'s footprints are highly complementary and combining them extends the collective reach of the two businesses,\" the used-car seller said.It added that when fully utilized, ADESA's reconditioning operations can add about 2 million units to its annual production.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9039944637,"gmtCreate":1645913496626,"gmtModify":1676534073462,"author":{"id":"3582922989777578","authorId":"3582922989777578","name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":1,"idStr":"3582922989777578","authorIdStr":"3582922989777578"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039944637","repostId":1188540468,"repostType":4,"repost":{"id":"1188540468","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1645799796,"share":"https://ttm.financial/m/news/1188540468?lang=&edition=fundamental","pubTime":"2022-02-25 22:36","market":"us","language":"en","title":"KAR Shares Surged over 48% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1188540468","media":"Tiger Newspress","summary":"KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global's U.S. vehicle auction busi","content":"<html><head></head><body><p>KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global&#39;s U.S. vehicle auction business for over $2 billion.</p><p><img src=\"https://static.tigerbbs.com/abc395e3e31dc3e2ab54edd92578b947\" tg-width=\"853\" tg-height=\"644\" width=\"100%\" height=\"auto\"/>Online used-car seller Carvana has agreed to buy KAR Global&#39;s vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.</p><p>The deal for ADESA&#39;s U.S. unit announced on Thursday gives Carvana access to a business that brought in over $800 million in revenue last year and has 56 physical sites.</p><p>Carvana posted strong sales early on in the pandemic as a thin supply of new cars drove up prices of used vehicles, but its growth has slowed in the past few quarters.</p><p>It said on Thursday that revenue jumped 105% in the fourth quarter to $3.75 billion, compared with a 125% rise in the previous three months.</p><p>&#34;Carvana and ADESA U.S.&#39;s footprints are highly complementary and combining them extends the collective reach of the two businesses,&#34; the used-car seller said.</p><p>It added that when fully utilized, ADESA&#39;s reconditioning operations can add about 2 million units to its annual production.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>KAR Shares Surged over 48% in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKAR Shares Surged over 48% in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-25 22:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global&#39;s U.S. vehicle auction business for over $2 billion.</p><p><img src=\"https://static.tigerbbs.com/abc395e3e31dc3e2ab54edd92578b947\" tg-width=\"853\" tg-height=\"644\" width=\"100%\" height=\"auto\"/>Online used-car seller Carvana has agreed to buy KAR Global&#39;s vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.</p><p>The deal for ADESA&#39;s U.S. unit announced on Thursday gives Carvana access to a business that brought in over $800 million in revenue last year and has 56 physical sites.</p><p>Carvana posted strong sales early on in the pandemic as a thin supply of new cars drove up prices of used vehicles, but its growth has slowed in the past few quarters.</p><p>It said on Thursday that revenue jumped 105% in the fourth quarter to $3.75 billion, compared with a 125% rise in the previous three months.</p><p>&#34;Carvana and ADESA U.S.&#39;s footprints are highly complementary and combining them extends the collective reach of the two businesses,&#34; the used-car seller said.</p><p>It added that when fully utilized, ADESA&#39;s reconditioning operations can add about 2 million units to its annual production.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CVNA":"Carvana Co.","KAR":"OPENLANE"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188540468","content_text":"KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global's U.S. vehicle auction business for over $2 billion.Online used-car seller Carvana has agreed to buy KAR Global's vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.The deal for ADESA's U.S. unit announced on Thursday gives Carvana access to a business that brought in over $800 million in revenue last year and has 56 physical sites.Carvana posted strong sales early on in the pandemic as a thin supply of new cars drove up prices of used vehicles, but its growth has slowed in the past few quarters.It said on Thursday that revenue jumped 105% in the fourth quarter to $3.75 billion, compared with a 125% rise in the previous three months.\"Carvana and ADESA U.S.'s footprints are highly complementary and combining them extends the collective reach of the two businesses,\" the used-car seller said.It added that when fully utilized, ADESA's reconditioning operations can add about 2 million units to its annual production.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9039925632,"gmtCreate":1645890695154,"gmtModify":1676534072962,"author":{"id":"3581556079916824","authorId":"3581556079916824","name":"Christyne","avatar":"https://static.tigerbbs.com/0992968866edbb36b61df9f9a1d29da9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581556079916824","authorIdStr":"3581556079916824"},"htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039925632","repostId":1188540468,"repostType":4,"repost":{"id":"1188540468","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1645799796,"share":"https://ttm.financial/m/news/1188540468?lang=&edition=fundamental","pubTime":"2022-02-25 22:36","market":"us","language":"en","title":"KAR Shares Surged over 48% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1188540468","media":"Tiger Newspress","summary":"KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global's U.S. vehicle auction busi","content":"<html><head></head><body><p>KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global&#39;s U.S. vehicle auction business for over $2 billion.</p><p><img src=\"https://static.tigerbbs.com/abc395e3e31dc3e2ab54edd92578b947\" tg-width=\"853\" tg-height=\"644\" width=\"100%\" height=\"auto\"/>Online used-car seller Carvana has agreed to buy KAR Global&#39;s vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.</p><p>The deal for ADESA&#39;s U.S. unit announced on Thursday gives Carvana access to a business that brought in over $800 million in revenue last year and has 56 physical sites.</p><p>Carvana posted strong sales early on in the pandemic as a thin supply of new cars drove up prices of used vehicles, but its growth has slowed in the past few quarters.</p><p>It said on Thursday that revenue jumped 105% in the fourth quarter to $3.75 billion, compared with a 125% rise in the previous three months.</p><p>&#34;Carvana and ADESA U.S.&#39;s footprints are highly complementary and combining them extends the collective reach of the two businesses,&#34; the used-car seller said.</p><p>It added that when fully utilized, ADESA&#39;s reconditioning operations can add about 2 million units to its annual production.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>KAR Shares Surged over 48% in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-25 22:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global&#39;s U.S. vehicle auction business for over $2 billion.</p><p><img src=\"https://static.tigerbbs.com/abc395e3e31dc3e2ab54edd92578b947\" tg-width=\"853\" tg-height=\"644\" width=\"100%\" height=\"auto\"/>Online used-car seller Carvana has agreed to buy KAR Global&#39;s vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.</p><p>The deal for ADESA&#39;s U.S. unit announced on Thursday gives Carvana access to a business that brought in over $800 million in revenue last year and has 56 physical sites.</p><p>Carvana posted strong sales early on in the pandemic as a thin supply of new cars drove up prices of used vehicles, but its growth has slowed in the past few quarters.</p><p>It said on Thursday that revenue jumped 105% in the fourth quarter to $3.75 billion, compared with a 125% rise in the previous three months.</p><p>&#34;Carvana and ADESA U.S.&#39;s footprints are highly complementary and combining them extends the collective reach of the two businesses,&#34; the used-car seller said.</p><p>It added that when fully utilized, ADESA&#39;s reconditioning operations can add about 2 million units to its annual production.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CVNA":"Carvana Co.","KAR":"OPENLANE"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188540468","content_text":"KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global's U.S. vehicle auction business for over $2 billion.Online used-car seller Carvana has agreed to buy KAR Global's vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.The deal for ADESA's U.S. unit announced on Thursday gives Carvana access to a business that brought in over $800 million in revenue last year and has 56 physical sites.Carvana posted strong sales early on in the pandemic as a thin supply of new cars drove up prices of used vehicles, but its growth has slowed in the past few quarters.It said on Thursday that revenue jumped 105% in the fourth quarter to $3.75 billion, compared with a 125% rise in the previous three months.\"Carvana and ADESA U.S.'s footprints are highly complementary and combining them extends the collective reach of the two businesses,\" the used-car seller said.It added that when fully utilized, ADESA's reconditioning operations can add about 2 million units to its annual production.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9039911390,"gmtCreate":1645880033857,"gmtModify":1676534072089,"author":{"id":"3581502897038686","authorId":"3581502897038686","name":"Grit100","avatar":"https://static.tigerbbs.com/c3c65cb20cfcce91cc07fddb27bc3ccd","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581502897038686","authorIdStr":"3581502897038686"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039911390","repostId":1188540468,"repostType":4,"repost":{"id":"1188540468","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1645799796,"share":"https://ttm.financial/m/news/1188540468?lang=&edition=fundamental","pubTime":"2022-02-25 22:36","market":"us","language":"en","title":"KAR Shares Surged over 48% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1188540468","media":"Tiger Newspress","summary":"KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global's U.S. vehicle auction busi","content":"<html><head></head><body><p>KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global&#39;s U.S. vehicle auction business for over $2 billion.</p><p><img src=\"https://static.tigerbbs.com/abc395e3e31dc3e2ab54edd92578b947\" tg-width=\"853\" tg-height=\"644\" width=\"100%\" height=\"auto\"/>Online used-car seller Carvana has agreed to buy KAR Global&#39;s vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.</p><p>The deal for ADESA&#39;s U.S. unit announced on Thursday gives Carvana access to a business that brought in over $800 million in revenue last year and has 56 physical sites.</p><p>Carvana posted strong sales early on in the pandemic as a thin supply of new cars drove up prices of used vehicles, but its growth has slowed in the past few quarters.</p><p>It said on Thursday that revenue jumped 105% in the fourth quarter to $3.75 billion, compared with a 125% rise in the previous three months.</p><p>&#34;Carvana and ADESA U.S.&#39;s footprints are highly complementary and combining them extends the collective reach of the two businesses,&#34; the used-car seller said.</p><p>It added that when fully utilized, ADESA&#39;s reconditioning operations can add about 2 million units to its annual production.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" 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href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-25 22:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global&#39;s U.S. vehicle auction business for over $2 billion.</p><p><img src=\"https://static.tigerbbs.com/abc395e3e31dc3e2ab54edd92578b947\" tg-width=\"853\" tg-height=\"644\" width=\"100%\" height=\"auto\"/>Online used-car seller Carvana has agreed to buy KAR Global&#39;s vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.</p><p>The deal for ADESA&#39;s U.S. unit announced on Thursday gives Carvana access to a business that brought in over $800 million in revenue last year and has 56 physical sites.</p><p>Carvana posted strong sales early on in the pandemic as a thin supply of new cars drove up prices of used vehicles, but its growth has slowed in the past few quarters.</p><p>It said on Thursday that revenue jumped 105% in the fourth quarter to $3.75 billion, compared with a 125% rise in the previous three months.</p><p>&#34;Carvana and ADESA U.S.&#39;s footprints are highly complementary and combining them extends the collective reach of the two businesses,&#34; the used-car seller said.</p><p>It added that when fully utilized, ADESA&#39;s reconditioning operations can add about 2 million units to its annual production.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CVNA":"Carvana Co.","KAR":"OPENLANE"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188540468","content_text":"KAR Shares Surged over 48% in Morning Trading. Carvana to buy KAR Global's U.S. vehicle auction business for over $2 billion.Online used-car seller Carvana has agreed to buy KAR Global's vehicle auction business in the United States for $2.2 billion to boost its physical presence and maintain growth as a pandemic-induced boom fades.The deal for ADESA's U.S. unit announced on Thursday gives Carvana access to a business that brought in over $800 million in revenue last year and has 56 physical sites.Carvana posted strong sales early on in the pandemic as a thin supply of new cars drove up prices of used vehicles, but its growth has slowed in the past few quarters.It said on Thursday that revenue jumped 105% in the fourth quarter to $3.75 billion, compared with a 125% rise in the previous three months.\"Carvana and ADESA U.S.'s footprints are highly complementary and combining them extends the collective reach of the two businesses,\" the used-car seller said.It added that when fully 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