KAR Global has a clear digital focus. Also, the company has paid down the majority of its debt.

“We have meaningfully reduced our cost structure,” said KAR chief executive officer Peter Kelly.

Those three items were part of a list of ways that KAR is positioned differently at the beginning of 2023 than it was at the beginning of 2022. It was one of various lists Kelly used to make his points during KAR’s fourth-quarter 2022 earnings call that took place on Feb. 22.

Also, on that list of differences from the beginning of 2022 ...