KAR Auction Services Announces Partial Exercise of Underwriters’Option to Purchase Additional Shares

CARMEL,Ind.–(BUSINESS WIRE)–KAR Auction Services,Inc. (the “Company”) today announced that the underwriters of its initial public offering have partially exercised their option to purchase additional shares,electing to purchase an additional 2,656,050 shares of common stock at the initial public offering price less the underwriting discount. Goldman,Sachs &Co.,Credit Suisse Securities (USA) LLC,BofA Merrill Lynch and J.P. Morgan acted as the joint bookrunners for th

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