Article: KAR Holdings, Inc. Reports Second Quarter 2009 Results.

KAR Holdings, Inc. reported its second quarter financial results for the three months ended June 30, 2009. For the second quarter of 2009, the company reported revenue of $439.1 million as compared with second quarter 2008 revenue of $468.5 million, a decline of 6%. Adjusted EBITDA declined 6% to $114.9 million in the second quarter of 2009, as compared with second quarter 2008 adjusted EBITDA of $122.6 million.

For the six months ended June 30, 2009, the company reported revenue of $881.6 million as compared with revenue of $930.6 million for the six months ended June 30, 2008, a decline of 5%. Adjusted EBITDA declined 9% to $212.2 million for the six months ...

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