Carmel-based KAR Global announced Thursday it has reached an agreement to sell its U.S. physical vehicle auction business—known as ADESA—for $2.2 billion in cash to Tempe, Arizona-based Carvana. The ...

(RTTNews) - Pre-owned car seller company, Carvana Co. (CVNA) has agreed to acquire ADESA US auction business by KAR Auction Services, Inc. (KAR) for a reported fee of $2.2 billion. ADESA US one of the ...

KAR Global Inc. will focus on honing and growing its slate of digital assets as it prepares to sell its massive ADESA U.S. auto auction business to online used-vehicle retailer Carvana — a move that ...

Add Yahoo as a preferred source to see more of our stories on Google. Carvana, the online used car marketplace, has agreed to buy Kar Global's Adesa U.S. auction subsidiary for $2.2 billion in cash, ...

Carvana Co. CVNA recently announced its acquisition of ADESA’s U.S. physical auction business from KAR Global. The deal, valued at $2.2 billion, consists of 56 ADESA U.S. locations, covering nearly ...