KAR Auction Services - KAR Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for KAR Auction Services in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued twelve-month target prices for KAR Auction Services' stock. Their KAR share price forecasts range from $17.00 to $22.00. On average, they expect the company's stock price to reach $19.40 in the next twelve months. This suggests a possible upside of 34.3% 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 shares have increased by 10.7% and is now trading at $14.44.
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KAR Auction Services saw a decrease in short interest in January. As of January 15th, there was short interest totaling 6,930,000 shares, a decrease of 12.4% from the December 31st total of 7,910,000 shares. Based on an average daily volume of 811,000 shares, the days-to-cover ratio is presently 8.5 days. Approximately 6.5% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our KAR earnings forecast.

KAR Auction Services, Inc. (NYSE:KAR) posted its quarterly earnings results on Tuesday, November, 1st. The specialty retailer reported $0.05 EPS for the quarter, missing the consensus estimate of $0.15 by $0.10. The specialty retailer had revenue of $393 million for the quarter, compared to analyst estimates of $393.02 million. KAR Auction Services had a trailing twelve-month return on equity of 2.27% and a net margin of 12.34%.

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 number of retail and institutional investors. Top institutional investors include Shufro Rose & Co. LLC (0.69%), Peregrine Capital Management LLC (0.39%), State of Alaska Department of Revenue (0.07%), Yousif Capital Management LLC (0.06%), Comerica Bank (0.06%) and New York State Teachers Retirement System (0.06%). Insiders that own company stock include Benjamin Skuy, Charles S Coleman, David Didomenico, Eric M Loughmiller, 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 $14.44.

KAR Auction Services (NYSE:KAR) has a market capitalization of $1.57 billion and generates $2.25 billion in revenue each year. The specialty retailer earns $66.50 million in net income (profit) each year or $1.00 on an earnings per share basis.

The company employs 9,600 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.