Fueled by double-digit improvements year-over-year within three of its largest divisions, KAR Auction Services finished the second quarter with a 17-percent jump in net income.

KAR officials said this week that their Q2 revenue came in 12 percent higher at $658.3 million, up from $585.6 million in the same quarter a year ago. For the quarter that ended June 30, the company’s adjusted EBITDA climbed 10 percent to $170.0 million, up from $154.1 million.

And that 17-percent jump in net income propelled KAR to a figure of $0.41 per diluted share or $59.5 million. That’s higher than the year-ago marks of $50.8 million, or $0.36 per diluted share.

Looking at the company’s top-line metrics at the halfway point of 2015, KAR reported these year-over-year gains:

— Revenue of $1.291 billion, up 10 percent from $1.169 billion

— Adjusted EBITDA of $332.2 million, up 10 percent from $301.2 million

— Net income of $114.0 million, or $0.79 per diluted share, up 59 percent from $71.5 million, or $0.51 per diluted share

Company officials also highlighted the second-quarter performance of its three main divisions, ADESA, Insurance Auto Auctions and Automotive Finance Corp. Those results included:

ADESA

— 14 percent volume and revenue growth and 17 percent growth in adjusted EBITDA

— 13 percent physical volume sold growth

— 0.5 percent expansion in adjusted EBITDA margins to 25.5 percent

IAA

— 14 percent growth in volume

— 11 percent growth in revenue

— 8 percent growth in adjusted EBITDA

— Inventory increased approximately 18 percent year-over-year

AFC

— Achieved growth in volumes, revenue and adjusted EBITDA of 13 percent, 8 percent and 3 percent, respectively

— Amended U.S. and Canadian securitization facilities resulting in a $225 million increase in committed liquidity and extension of facilities’ maturity dates to June 2018

— Managed receivables at June 30 stood at $1.477 billion, an increase of 26 percent year-over-year

Editor’s note: For more details about KAR’s recent performance including commentary from management, watch for a report in an upcoming edition of Auto Remarketing Today.