KAR Auction Services - KAR Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for KAR Auction Services in the last twelve months. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" KAR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KAR, but not buy additional shares or sell existing shares.
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5 brokerages have issued 12 month price targets for KAR Auction Services' stock. Their KAR share price forecasts range from $13.00 to $25.00. On average, they anticipate the company's stock price to reach $19.17 in the next year. This suggests a possible upside of 54.4% from the stock's current price.
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KAR Auction Services' stock was trading at $13.05 at the start of the year. Since then, KAR stock has decreased by 4.9% and is now trading at $12.41.
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KAR Auction Services saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 6,320,000 shares, a decline of 8.9% from the January 31st total of 6,940,000 shares. Based on an average daily trading volume, of 720,800 shares, the days-to-cover ratio is presently 8.8 days. Currently, 5.9% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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KAR Auction Services, Inc. (NYSE:KAR) released its earnings results on Tuesday, November, 2nd. The specialty retailer reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The specialty retailer earned $535.20 million during the quarter, compared to the consensus estimate of $506.94 million. KAR Auction Services had a trailing twelve-month return on equity of 4.20% and a net margin of 15.88%. During the same period in the prior year, the company posted $0.45 EPS.

ETFs with the largest weight of KAR Auction Services (NYSE:KAR) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco S&P SmallCap 600 Pure Value ETF (RZV), iShares S&P Small-Cap 600 Value ETF (IJS), Vanguard S&P Small-Cap 600 Value ETF (VIOV), SPDR S&P 600 Small CapValue ETF (SLYV), VictoryShares US Small Mid Cap Value Momentum ETF (USVM) and Xtrackers S&P SmallCap 600 ESG ETF (SMLE).

KAR Auction Services updated its FY 2023 earnings guidance on Tuesday, February, 21st. The company provided earnings per share guidance of $0.37-$0.47 for the period, compared to the consensus EPS estimate of $0.72. The company issued revenue guidance of -.

90 employees have rated KAR Auction Services Chief Executive Officer James P. Hallett on Glassdoor.com. James P. Hallett has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other KAR Auction Services investors own include NVIDIA (NVDA), Verizon Communications (VZ), Cisco Systems (CSCO), Pfizer (PFE), AT&T (T), Alibaba Group (BABA), Exxon Mobil (XOM), Boeing (BA), Johnson & Johnson (JNJ) and Bank of America (BAC).

KAR Auction Services trades on the New York Stock Exchange (NYSE) under the ticker symbol "KAR."

KAR Auction Services' stock is owned by a variety of institutional and retail investors. Top institutional investors include Burgundy Asset Management Ltd. (7.37%), Dimensional Fund Advisors LP (5.06%), Cardinal Capital Management LLC CT (4.92%), Paradice Investment Management LLC (4.66%), American Century Companies Inc. (3.26%) and Neuberger Berman Group LLC (3.11%). Insiders that own company stock include J Mark Howell, James P Hallett, Mary Ellen Smith, Michael T Kestner and Peter J Kelly.
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Shares of KAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KAR stock can currently be purchased for approximately $12.41.

KAR Auction Services (NYSE:KAR) has a market capitalization of $1.35 billion and generates $1.52 billion in revenue each year. The specialty retailer earns $241.20 million in net income (profit) each year or $1.22 on an earnings per share basis.

The company employs 4,500 workers across the globe.

KAR Auction Services' mailing address is 11299 N. Illinois Street, CARMEL IN, 46032. The official website for the company is www.karauctionservices.com. The specialty retailer can be reached via phone at (800) 923-3725, via email at mike.eliason@karauctionservices.com, or via fax at 317-843-4898.