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NYSE:KAR

KAR Auction Services Stock Forecast, Price & News

$18.54
-0.08 (-0.43 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$18.20
Now: $18.54
$18.66
50-Day Range
$13.71
MA: $16.59
$18.64
52-Week Range
$9.41
Now: $18.54
$24.13
Volume625,163 shs
Average Volume2.23 million shs
Market Capitalization$2.40 billion
P/E Ratio123.60
Dividend YieldN/A
Beta1.53
KAR Auction Services, Inc., together with its subsidiaries, 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, 2019, this segment had a network of 74 whole car auction facilities 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. It also provides wheel repair and hail catastrophe response services. The company 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 founded in 2006 and is headquartered in Carmel, Indiana.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.96 out of 5 stars


Industry, Sector and Symbol

Industry Automotive dealers & gasoline service stations
Sub-IndustryDiversified Support Services
CUSIP48238T10
Phone800-923-3725
Employees15,300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.78 billion
Cash Flow$2.98 per share
Book Value$16.61 per share

Profitability

Net Income$188.50 million

Miscellaneous

Market Cap$2.40 billion
Next Earnings Date2/16/2021 (Estimated)
OptionableOptionable
$18.54
-0.08 (-0.43 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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KAR Auction Services (NYSE:KAR) Frequently Asked Questions

How has KAR Auction Services' stock been impacted by COVID-19?

KAR Auction Services' stock was trading at $18.34 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, KAR shares have increased by 1.1% and is now trading at $18.54.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of KAR Auction Services?

9 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for KAR Auction Services
.

What stocks does MarketBeat like better than KAR Auction Services?

Wall Street analysts have given KAR Auction Services a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but KAR Auction Services wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is KAR Auction Services' next earnings date?

KAR Auction Services is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for KAR Auction Services
.

How were KAR Auction Services' earnings last quarter?

KAR Auction Services, Inc. (NYSE:KAR) announced its quarterly earnings data on Sunday, November, 8th. The specialty retailer reported $0.45 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.28 by $0.17. The specialty retailer earned $593.60 million during the quarter, compared to analyst estimates of $624.45 million. KAR Auction Services had a return on equity of 5.99% and a net margin of 1.61%. The company's revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share.
View KAR Auction Services' earnings history
.

How often does KAR Auction Services pay dividends? What is the dividend yield for KAR Auction Services?

KAR Auction Services announced a quarterly dividend on Tuesday, February 18th. Stockholders of record on Friday, March 20th will be paid a dividend of $0.19 per share on Friday, April 3rd. This represents a $0.76 annualized dividend and a yield of 4.10%. The ex-dividend date is Thursday, March 19th.
View KAR Auction Services' dividend history
.

What price target have analysts set for KAR?

9 equities research analysts have issued twelve-month price objectives for KAR Auction Services' stock. Their forecasts range from $13.00 to $78.00. On average, they anticipate KAR Auction Services' share price to reach $29.29 in the next year. This suggests a possible upside of 58.0% from the stock's current price.
View analysts' price targets for KAR Auction Services
.

Are investors shorting KAR Auction Services?

KAR Auction Services saw a increase in short interest in October. As of October 15th, there was short interest totaling 7,650,000 shares, an increase of 23.6% from the September 30th total of 6,190,000 shares. Based on an average daily trading volume, of 1,840,000 shares, the short-interest ratio is currently 4.2 days. Currently, 6.0% of the shares of the company are short sold.
View KAR Auction Services' Short Interest
.

Who are some of KAR Auction Services' key competitors?

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), The Boeing (BA), Johnson & Johnson (JNJ) and Bank of America (BAC).

Who are KAR Auction Services' key executives?

KAR Auction Services' management team includes the following people:
  • Mr. James P. Hallett, Chairman & CEO (Age 67, Pay $1.63M)
  • Mr. Peter J. Kelly, Pres (Age 51, Pay $985.65k)
  • Mr. Eric M. Loughmiller, Exec. VP & CFO (Age 60, Pay $845.34k)
  • Mr. John C. Hammer, Chief Commercial Officer and Pres of ADESA (Age 49, Pay $896.54k)
  • Mr. Michael Eliason, VP of Investor Relations & Treasurer

What is KAR Auction Services' stock symbol?

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

Who are KAR Auction Services' major shareholders?

KAR Auction Services' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.69%), Gates Capital Management Inc. (4.42%), Snyder Capital Management L P (3.87%), Cardinal Capital Management LLC CT (3.55%), State Street Corp (3.07%) and Boston Partners (2.19%). Company insiders that own KAR Auction Services stock include Benjamin Skuy, Charles S Coleman, David Didomenico, Eric M Loughmiller, James P Hallett, Mark E Hill and Mary Ellen Smith.
View institutional ownership trends for KAR Auction Services
.

Which major investors are selling KAR Auction Services stock?

KAR stock was sold by a variety of institutional investors in the last quarter, including Gates Capital Management Inc., Boston Partners, Federated Hermes Inc., JPMorgan Chase & Co., BlackRock Inc., Morgan Stanley, Arrowstreet Capital Limited Partnership, and Charles Schwab Investment Management Inc..
View insider buying and selling activity for KAR Auction Services
.

Which major investors are buying KAR Auction Services stock?

KAR stock was purchased by a variety of institutional investors in the last quarter, including Kornitzer Capital Management Inc. KS, Squarepoint Ops LLC, Philadelphia Financial Management of San Francisco LLC, Cubist Systematic Strategies LLC, Westwood Holdings Group Inc., Cardinal Capital Management LLC CT, WCM Investment Management LLC, and AJO LP. Company insiders that have bought KAR Auction Services stock in the last two years include Benjamin Skuy, Charles S Coleman, David Didomenico, Eric M Loughmiller, James P Hallett, Mark E Hill, and Mary Ellen Smith.
View insider buying and selling activity for KAR Auction Services
.

How do I buy shares of KAR Auction Services?

Shares of KAR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is KAR Auction Services' stock price today?

One share of KAR stock can currently be purchased for approximately $18.54.

How big of a company is KAR Auction Services?

KAR Auction Services has a market capitalization of $2.40 billion and generates $2.78 billion in revenue each year. The specialty retailer earns $188.50 million in net income (profit) each year or $1.04 on an earnings per share basis. KAR Auction Services employs 15,300 workers across the globe.

What is KAR Auction Services' official website?

The official website for KAR Auction Services is www.karauctionservices.com.

How can I contact KAR Auction Services?

KAR Auction Services' mailing address is 11299 N. Illinois Street, CARMEL IN, 46032. The specialty retailer can be reached via phone at 800-923-3725 or via email at [email protected]

This page was last updated on 11/28/2020 by MarketBeat.com Staff

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