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NYSE:KAR

KAR Auction Services - KAR Stock Forecast, Price & News

$12.44
+0.05 (+0.40%)
(As of 10/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$12.33
$12.71
50-Day Range
$11.17
$17.48
52-Week Range
$11.15
$22.10
Volume
968,726 shs
Average Volume
1.44 million shs
Market Capitalization
$1.44 billion
P/E Ratio
11.85
Dividend Yield
N/A
Price Target
$20.67

KAR Auction Services MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
66.3% Upside
$20.67 Price Target
Short Interest
Bearish
8.81% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.52
Upright™ Environmental Score
News Sentiment
0.58mentions of KAR Auction Services in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
160.00%
From $0.35 to $0.91 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.09 out of 5 stars

Retail/Wholesale Sector

159th out of 210 stocks

Automotive Dealers & Gasoline Service Stations Industry

18th out of 24 stocks

KAR stock logo

About KAR Auction Services (NYSE:KAR) Stock

KAR Auction Services, Inc., together with its subsidiaries, provides used vehicle auctions and related vehicle remarketing services for the automotive industry in the United States, Europe, Canada, Mexico, and the United Kingdom. The company operates through two segments, ADESA Auctions and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities. It also provides value-added services, such as auction related, transportation, reconditioning, inspection, title and repossession administration and remarketing, vehicle research, and analytical services, as well as data as a service. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. As of December 31, 2021, this segment had a network of approximately 70 vehicle logistics center locations in North America. The AFC segment offers floorplan financing, a short-term inventory-secured financing to independent used vehicle dealers; and sells vehicle service contracts. The company provides wheel repair and hail catastrophe response services. It serves vehicle manufacturers, vehicle rental companies, financial institutions, commercial fleets and fleet management companies, and dealer customers. The company was formerly known as KAR Holdings, Inc. and changed its name to KAR Auction Services, Inc. in November 2009. KAR Auction Services, Inc. was incorporated in 2006 and is headquartered in Carmel, Indiana.

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KAR Stock News Headlines

KAR Auction Services: Worth Getting Revved Up Over
KAR Auction Services (NYSE:KAR) Sets New 52-Week Low at $11.71
Copart's (CPRT) Q4 Earnings Beat on Strong Vehicle Sales
Copart (CPRT) Q4 Earnings Coming Up: What's in the Cards?
KAR Auction Services is Now Oversold (KAR)
KAR Global Announces Cash Tender Offer for Notes
KAR Auction Services, Inc. (KAR)
7 Cheap Stocks Under $20 That Could Double Soon
10 Best Used Car Stocks To Invest In
See More Headlines
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KAR Company Calendar

Last Earnings
8/02/2022
Today
10/06/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Automotive dealers & gasoline service stations
Sub-Industry
Diversified Support Services
CUSIP
48238T10
Employees
9,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$20.67
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+66.1%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$66.50 million
Pretax Margin
1.92%

Debt

Sales & Book Value

Annual Sales
$2.25 billion
Cash Flow
$2.65 per share
Book Value
$12.49 per share

Miscellaneous

Free Float
113,513,000
Market Cap
$1.44 billion
Optionable
Optionable
Beta
1.42

Key Executives

  • Mr. James P. Hallett (Age 69)
    Exec. Chairman
    Comp: $1.04M
  • Mr. Peter J. Kelly (Age 53)
    CEO & Director
    Comp: $977.93k
  • Mr. Eric M. Loughmiller (Age 62)
    Exec. VP & CFO
    Comp: $714.25k
  • Mr. James P. Coyle (Age 41)
    Exec. VP & Chief Digital Officer
    Comp: $490.23k
  • Mr. Justin T. Davis (Age 36)
    Pres of BacklotCars
    Comp: $399.64k
  • Mr. Sriram Subrahmanyam
    EVP of Operations & Pres of KAR Services Group
  • Mr. Scott A. Anderson (Age 56)
    VP, Controller & Principal Accounting Officer
  • Mr. Michael Eliason
    VP of Investor Relations & Treasurer
  • Mr. Charles S. Coleman (Age 50)
    Exec. VP, Chief Legal Officer & Sec.
  • Mr. Tobin Richer
    Sr. VP of Marketing & Communications













KAR Stock - Frequently Asked Questions

Should I buy or sell KAR Auction Services stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for KAR Auction Services in the last year. There are currently 2 hold ratings and 1 buy rating 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.
View KAR analyst ratings
or view top-rated stocks.

What is KAR Auction Services' stock price forecast for 2022?

3 Wall Street analysts have issued twelve-month price targets for KAR Auction Services' shares. Their KAR share price forecasts range from $20.00 to $22.00. On average, they anticipate the company's share price to reach $20.67 in the next year. This suggests a possible upside of 66.8% from the stock's current price.
View analysts price targets for KAR
or view top-rated stocks among Wall Street analysts.

How have KAR shares performed in 2022?

KAR Auction Services' stock was trading at $15.62 on January 1st, 2022. Since then, KAR shares have decreased by 20.7% and is now trading at $12.39.
View the best growth stocks for 2022 here
.

Are investors shorting KAR Auction Services?

KAR Auction Services saw a increase in short interest in September. As of September 15th, there was short interest totaling 10,020,000 shares, an increase of 37.4% from the August 31st total of 7,290,000 shares. Based on an average trading volume of 974,400 shares, the short-interest ratio is presently 10.3 days. Currently, 8.8% of the shares of the company are sold short.
View KAR Auction Services' Short Interest
.

When is KAR Auction Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our KAR earnings forecast
.

How were KAR Auction Services' earnings last quarter?

KAR Auction Services, Inc. (NYSE:KAR) posted its earnings results on Tuesday, August, 2nd. The specialty retailer reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by $0.12. The specialty retailer had revenue of $384.20 million for the quarter, compared to the consensus estimate of $376.47 million. KAR Auction Services had a net margin of 11.64% and a trailing twelve-month return on equity of 2.17%.

What is James P. Hallett's approval rating as KAR Auction Services' CEO?

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.

What other stocks do shareholders of KAR Auction Services own?

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).

What is KAR Auction Services' stock symbol?

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

How do I buy shares of KAR Auction Services?

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.
Compare Top Brokerages Here.

What is KAR Auction Services' stock price today?

One share of KAR stock can currently be purchased for approximately $12.39.

How much money does KAR Auction Services make?

KAR Auction Services (NYSE:KAR) has a market capitalization of $1.44 billion and generates $2.25 billion in revenue each year. The specialty retailer earns $66.50 million in net income (profit) each year or $1.05 on an earnings per share basis.

How many employees does KAR Auction Services have?

The company employs 9,600 workers across the globe.

How can I contact KAR Auction Services?

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.

This page (NYSE:KAR) was last updated on 10/6/2022 by MarketBeat.com Staff

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