Car repossessions expected to hit their highest rate since the 2009 recession. Is it a sign the economy is in trouble? [Yahoo! Finance]
KAR Auction Services, Inc (KAR)
Last kar auction services, inc earnings: 2/18 05:00 pm
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Source: Yahoo! Finance
lows during COVID — and more borrowers are now facing defaults and repossessions. A recent report from the Recovery Database Network (RDN), says more than 2.5 million cars were repossessed last year, and this year is on track to hit 3 million, the most since 2009 (1). Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP This pattern of rising auto loan delinquencies and repossessions often appears when household budgets are under strain. Auto finance is a significant slice of consumer credit, with more than $1.6 trillion in balances across over 100 million active accounts (2). (Compare that to $13.07 trillion for mortgages, $1.65 trillion for student loans and $1.23 trillion for credit cards.) When times get hard and consumers tighten
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KAR
News
- No. 1 Car Dealership Chain Scores Stock Strength Rating Upgrade [Yahoo! Finance]Yahoo! Finance
- Copart (CPRT) Reports Earnings Tomorrow: What To Expect [Yahoo! Finance]Yahoo! Finance
- OPENLANE (KAR): Reevaluating Valuation Following Q3 Results and Lowered 2025 Guidance [Yahoo! Finance]Yahoo! Finance
- Reviver Appoints Andrew Iorgulescu as CEO, Signaling a New Era of Growth and Automotive Innovation [Yahoo! Finance]Yahoo! Finance
- Reviver Appoints Andrew Iorgulescu as CEO, Signaling a New Era of Growth and Automotive InnovationPR Newswire
KAR
Earnings
- 11/5/25 - Beat
KAR
Sec Filings
- 12/3/25 - Form 4
- 12/2/25 - Form 144
- 11/18/25 - Form 8-K
- KAR's page on the SEC website