KAR Deal Targets Rapidly-Growing Market

Carmel-based KAR Auction Services Inc. (NYSE: KAR) Chief Executive Officer Jim Hallett says the company’s latest acquisition puts KAR in a leadership position in the mobility space, which he says is moving "very, very quickly in North America." The company has acquired San Francisco-based STRATIM, which develops fleet management software for the on-demand car, ride sharing and autonomous vehicle markets.