NYSE:KAR

KAR Auction Services - KAR Stock Forecast, Price & News

$13.50

+0.22 (+1.66%)

(As of 12/8/2022 12:00 AM ET)

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Today's Range: $13.19
▼
$13.63
50-Day Range: $11.17
▼
$14.84
52-Week Range: $11.15
▼
$22.10

Volume: 467,170 shs
Average Volume: 1.34 million shs
Market Capitalization: $1.47 billion

P/E Ratio: 13.50
Dividend Yield: N/A
Price Target: $20.00

KAR Auction Services MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 48.1% Upside
$20.00 Price Target
Short Interest: Healthy
7.11% of Float Sold Short
Dividend Strength: N/A
Sustainability: -2.34
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 193.55%
From $0.31 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.

2.36 out of 5 stars

Retail/Wholesale Sector

87th out of 212 stocks

Automotive Dealers & Gasoline Service Stations Industry

7th out of 23 stocks

3.3

Analyst's Opinion

Consensus Rating
KAR Auction Services has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $20.00, KAR Auction Services has a forecasted upside of 48.1% from its current price of $13.50.
Amount of Analyst Coverage
KAR Auction Services has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
7.11% of the float of KAR Auction Services has been sold short.
Short Interest Ratio / Days to Cover
KAR Auction Services has a short interest ratio ("days to cover") of 7.2.
Change versus previous month
Short interest in KAR Auction Services has recently decreased by 14.41%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
KAR Auction Services does not currently pay a dividend.
Dividend Growth
KAR Auction Services does not have a long track record of dividend growth.

1.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
KAR Auction Services has received a -32.70% net impact score from Upright. The largest negative impact of KAR Auction Services in category "GHG emissions" seems to be driven mostly by its "Online retail of used passenger cars", "Online auction platforms for vehicles", and "Data science platforms" products. See details.
Environmental Sustainability
The Environmental Impact score for KAR Auction Services is -2.34.

3.3

News and Social Media Coverage

News Sentiment
KAR Auction Services has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.37 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 1 news article for KAR Auction Services this week, compared to 2 articles on an average week.
Search Interest
3 people have searched for KAR on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
2 people have added KAR Auction Services to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, KAR Auction Services insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.00% of the stock of KAR Auction Services is held by insiders.

3.1

Earnings and Valuation

Earnings Growth
Earnings for KAR Auction Services are expected to grow by 193.55% in the coming year, from $0.31 to $0.91 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of KAR Auction Services is 13.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.58.
Price to Earnings Ratio vs. Sector
The P/E ratio of KAR Auction Services is 13.50, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 43.00.
Price to Book Value per Share Ratio
KAR Auction Services has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

December 1, 2022 | americanbankingnews.com

Analysts Set KAR Auction Services, Inc. (NYSE:KAR) Target Price at $20.00

November 28, 2022 | finance.yahoo.com

Is There An Opportunity With KAR Auction Services, Inc.'s (NYSE:KAR) 49% Undervaluation?

November 25, 2022 | marketwatch.com

Auction Services Market 2023 : Projected to Deliver Greater Revenues during the Forecast Period 2028

November 17, 2022 | finance.yahoo.com

Copart (CPRT) Q1 Earnings Miss, Service Revenues Lag Estimates

November 8, 2022 | finance.yahoo.com

KAR Auction Services Third Quarter 2022 Earnings: Misses Expectations

November 2, 2022 | marketwatch.com

KAR Auction Services Chief Financial Officer Loughmiller to Retire >KAR

November 2, 2022 | seekingalpha.com

KAR Auction stock crashes on earnings miss, CFO departure

November 2, 2022 | seekingalpha.com

KAR Auction Services, Inc. (KAR) Q3 2022 Earnings Call Transcript

November 1, 2022 | finance.yahoo.com

KAR Auction Services (KAR) Misses Q3 Earnings and Revenue Estimates

November 1, 2022 | finance.yahoo.com

KAR Auction Services, Inc. Reports Third Quarter 2022 Financial Results

November 1, 2022 | msn.com

Earnings Preview For KAR Auction Services

October 29, 2022 | finance.yahoo.com

Small-Cap Stocks Are ‘Spring-Loaded’ for Recovery. 7 to Buy Now, According to a Pro.

October 29, 2022 | finance.yahoo.com

Small-Cap Stocks Have Rarely Been So Depressed. 7 to Buy Now, According to a Pro.

October 25, 2022 | finance.yahoo.com

Should You Hold KAR Auction Services (KAR)?

October 23, 2022 | finance.yahoo.com

Insiders rewarded with a US$55k addition on top of their US$2.2m purchase as KAR Auction Services, Inc. (NYSE:KAR) hits US$1.6b

October 18, 2022 | finance.yahoo.com

KAR Auction Services, Inc. to Announce Third Quarter 2022 Earnings

October 14, 2022 | msn.com

Ray Benson to auction off personal collection of music, Texas memorabilia

October 13, 2022 | marketwatch.com

Auction Services Market 2022 Share, Size, Company Profiles, Trends, Growth, Segments, Landscape and Demand by Forecast to 2026

October 4, 2022 | seekingalpha.com

KAR Auction Services: Worth Getting Revved Up Over

September 12, 2022 | nasdaq.com

KAR Auction Services (NYSE:KAR) Seems To Use Debt Quite Sensibly

September 12, 2022 | finance.yahoo.com

Implied Volatility Surging for KAR Auction (KAR) Stock Options

September 12, 2022 | finance.yahoo.com

Further weakness as KAR Auction Services (NYSE:KAR) drops 4.3% this week, taking five-year losses to 15%

September 8, 2022 | ca.finance.yahoo.com

Copart's (CPRT) Q4 Earnings Beat on Strong Vehicle Sales

September 6, 2022 | ca.finance.yahoo.com

Copart (CPRT) Q4 Earnings Coming Up: What's in the Cards?

September 6, 2022 | nasdaq.com

KAR Auction Services is Now Oversold (KAR)

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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KAR Company Calendar

Last Earnings: 11/02/2021
Today: 12/08/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/15/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Automotive dealers & gasoline service stations
Sub-Industry: Diversified Support Services
Sector: Retail/Wholesale
Current Symbol: NYSE:KAR
CUSIP: 48238T10
CIK: 1395942
Web: www.karauctionservices.com
Phone: (800) 923-3725
Fax: 317-843-4898
Employees: 9,600
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $20.00
High Stock Price Forecast: $22.00
Low Stock Price Forecast: $18.00
Forecasted Upside/Downside: +48.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.00
Trailing P/E Ratio: 13.50
Forward P/E Ratio: 43.55
P/E Growth: N/A
Net Income: $66.50 million
Net Margins: 12.34%
Pretax Margin: 3.48%
Return on Equity: 2.27%
Return on Assets: 0.53%

Debt

Debt-to-Equity Ratio: 0.13
Current Ratio: 1.14
Quick Ratio: 1.14

Sales & Book Value

Annual Sales: $2.25 billion
Price / Sales: 0.65
Cash Flow: $2.61 per share
Price / Cash Flow: 5.17
Book Value: $12.49 per share
Price / Book: 1.08

Miscellaneous

Outstanding Shares: 108,908,000
Free Float: 106,730,000
Market Cap: $1.47 billion
Optionable: Optionable
Beta: 1.47

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 CPA (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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

KAR Stock - Frequently Asked Questions

Should I buy or sell KAR Auction Services stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for KAR Auction Services in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" KAR shares.
View KAR analyst ratings or view top-rated stocks.
What is KAR Auction Services' stock price forecast for 2023?: 4 analysts have issued 1 year price objectives for KAR Auction Services' stock. Their KAR share price forecasts range from $18.00 to $22.00. On average, they predict the company's share price to reach $20.00 in the next year. This suggests a possible upside of 49.1% 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 at the start of the year. Since then, KAR stock has decreased by 14.1% and is now trading at $13.41.
View the best growth stocks for 2022 here.
Are investors shorting KAR Auction Services?: KAR Auction Services saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 7,600,000 shares, a drop of 14.4% from the October 31st total of 8,880,000 shares. Based on an average daily trading volume, of 1,060,000 shares, the days-to-cover ratio is currently 7.2 days. Currently, 7.1% 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 Wednesday, February 15th 2023.
View our KAR earnings forecast.
How were KAR Auction Services' earnings last quarter?: KAR Auction Services, Inc. (NYSE:KAR) posted its quarterly earnings data on Tuesday, November, 2nd. The specialty retailer reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The specialty retailer earned $535.20 million during the quarter, compared to analyst estimates of $506.94 million. KAR Auction Services had a trailing twelve-month return on equity of 2.27% and a net margin of 12.34%. During the same quarter in the prior year, the business earned $0.45 earnings per share.

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."
Who are KAR Auction Services' major shareholders?: KAR Auction Services' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.73%), Vanguard Group Inc. (11.75%), Burgundy Asset Management Ltd. (7.41%), Cardinal Capital Management LLC CT (5.15%), Dimensional Fund Advisors LP (4.30%) and State Street Corp (3.95%). 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.
View institutional ownership trends.
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 $13.41.
How much money does KAR Auction Services make?: KAR Auction Services (NYSE:KAR) has a market capitalization of $1.46 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.
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 12/9/2022 by MarketBeat.com Staff

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KAR Auction Services - KAR Stock Forecast, Price & News

KAR Auction Services MarketRank™ Forecast

Overall MarketRank™