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KAR Global Completes Acquisition of CARWAVE

autodealertodaymagazine.com
 2021-10-14

Cover picture for the articleCARMEL, Ind. – KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), an operator of digital marketplaces for wholesale used vehicles, has completed the acquisition of CARWAVE Holdings LLC (CARWAVE) for $450 million in cash. The acquisition builds on KAR’s fast growth in the dealer-to-dealer segment, accelerates profitability, positions the company...

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