OPLN · NYSE
It filed on time and stood behind its numbers. Of companies scoring zero, 4.0% were delisted, went bankrupt, restated or stopped filing within the following year.
Hover or tap a dot to see the filings behind that score.
KAR Auction Services, Inc. (the “Company”) is unable to file, without unreasonable effort and expense by the prescribed due date of March 1, 2023, its Annual Report on Form 10-K for the year ended December 31, 2022 (the “Form 10-K”). The Company and KPMG LLP, its independent registered public accounting firm (the “Firm”), are evaluating the materiality of misstatements in the Company’s consolidated statements of cash flows for the six months ended June 30, 2022 and the nine months ended September 30, 2022 included in the Company’s Quarterly Reports on Form 10-Q for the periods then ended and whether corrections are required. The potential corrections relate to the cash flow presentation of accrued taxes (and other transaction-related accruals) in connection with the sale of the Company’s U.S. physical auction business that closed in May 2022, and would result in a decrease to “Net cash provided by operating activities - continuing operations” and a corresponding decrease to “Net cash used by operating activities - discontinued operations”. The potential corrections would have no effect on total net cash (used by) provided by operating activities and accordingly no effect on cash, cash equivalents and restricted cash as reported on the Company’s balance sheets. Following the completion of this evaluation, the Company and the Firm may determine a material weakness in internal control over financial reporting exists, which may result in a conclusion that the Company’s disclosure controls and procedures and internal control over financial reporting are not effective. The evaluation of the impact on the Company’s internal control over financial reporting as of December 31, 2022 must be completed prior to the filing of the Form 10-K. The Company does not expect any changes to its consolidated statements of income included in the above-referenced two Quarterly Reports on Form 10-Q related to this evaluation
NT 10-K, filed 2023-03-02 · material weakness
KAR Auction Services, Inc. (the “Company”) is unable to file, without unreasonable effort and expense by the prescribed due date of March 1, 2023, its Annual Report on Form 10-K for the year ended December 31, 2022 (the “Form 10-K”). The Company and KPMG LLP, its independent registered public accounting firm (the “Firm”), are evaluating the materiality of misstatements in the Company’s consolidated statements of cash flows for the six months ended June 30, 2022 and the nine months ended September 30, 2022 included in the Company’s Quarterly Reports on Form 10-Q for the periods then ended and whether corrections are required. The potential corrections relate to the cash flow presentation of accrued taxes (and other transaction-related accruals) in connection with the sale of the Company’s U.S. physical auction business that closed in May 2022, and would result in a decrease to “Net cash provided by operating activities - continuing operations” and a corresponding decrease to “Net cash used by operating activities - discontinued operations”. The potential corrections would have no effect on total net cash (used by) provided by operating activities and accordingly no effect on cash, cash equivalents and restricted cash as reported on the Company’s balance sheets. Following the completion of this evaluation, the Company and the Firm may determine a material weakness in internal control over financial reporting exists, which may result in a conclusion that the Company’s disclosure controls and procedures and internal control over financial reporting are not effective. The evaluation of the impact on the Company’s internal control over financial reporting as of December 31, 2022 must be completed prior to the filing of the Form 10-K. The Company does not expect any changes to its consolidated statements of income included in the above-referenced two Quarterly Reports on Form 10-Q related to this evaluation
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.Every item above is a filing this company
made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
investment advice