 KAR Auction Services, Inc. NYSE: KAR, today reported its second quarter financial results for the period ended June 30, 2020. For the second quarter of 2020, the company reported revenue of 419.0 million as compared with revenue of 719.1 million for the second quarter of 2019, a decrease of 42. For the second quarter of 2020, the company reported a net loss from continuing operations of 32.3 million, or 0.27 per diluted share, as compared with net income from continuing operations of 27.4 million, or 0.20 per diluted share, in the second quarter of 2019. Adjusted EBITDA for the quarter ended June 30, 2020 decreased 41 to 80.0 million, as compared with Adjusted EBITDA of 135.9 million for the quarter ended June 30, 2019. Operating adjusted net income from continuing operations per diluted share decreased 73 to 0.08 for the quarter ended June 30, 2020, as compared with operating adjusted net income from continuing operations per diluted share of 0.30 for the quarter ended June 30, 2019. The companys operating results for the quarter ended June 30, 2020 were significantly impacted by the COVID-19 pandemic, as further discussed below. In addition, the company recorded a 29.8 million charge for the impairment of goodwill and other intangible assets in the second quarter of 2020. 