KAR Auction Services, Inc. (KAR), a provider of wholesale used car auction services and salvage auction services, inked a $450 million deal to buy CARWAVE Holdings LLC. CARWAVE is an online dealer-to-dealer used car trading platform featuring certified mechanical inspections and buyer guarantees. Shares popped 3.4% on the news, closing at $17.37 on August 23. The CARWAVE acquisition is expected to strengthen KAR’s position in the dealer-to-dealer segment for the wholesale used vehicle market, along with accelerating its digital marketplace transformation.
https://www.tipranks.com/news/kar-to-buy-carwave-for-450m?utm_source=advfn.com&utm_medium=referral
KAR Auction Services (NYSE:KAR)
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KAR Auction Services (NYSE:KAR)
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From Oct 2020 to Oct 2021 Click Here for more KAR Auction Services Charts.