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NYSE:KAR

KAR Auction Services - KAR Stock Forecast, Price & News

$13.32
-0.18 (-1.33%)
(As of 12/9/2022 02:44 PM ET)
Add
Compare
Today's Range
$13.29
▼
$13.53
50-Day Range
$11.17
▼
$14.84
52-Week Range
$11.15
▼
$22.10
Volume
14,037 shs
Average Volume
664,910 shs
Market Capitalization
$1.45 billion
P/E Ratio
13.32
Dividend Yield
N/A
Price Target
$20.00

KAR Auction Services MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
49.5% 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
213.79%
From $0.29 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.

2.31 out of 5 stars

Retail/Wholesale Sector

87th out of 212 stocks

Automotive Dealers & Gasoline Service Stations Industry

7th out of 23 stocks

See Top Rated MarketRank™ Stocks Here
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

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
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KAR Company Calendar

Last Earnings
11/02/2021
Today
12/09/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/15/2023
Get Stock Alerts

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
+50.2%
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
13.32
Forward P/E Ratio
45.93
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
0.64
Cash Flow
$2.66 per share
Price / Cash Flow
5.00
Book Value
$12.49 per share
Price / Book
1.07

Miscellaneous

Outstanding Shares
108,910,000
Free Float
106,730,000
Market Cap
$1.45 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 equities research 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 equities research 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 brokers have issued 1 year price targets for KAR Auction Services' shares. Their KAR share price forecasts range from $18.00 to $22.00. On average, they expect the company's share price to reach $20.00 in the next twelve months. This suggests a possible upside of 48.1% 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 beginning of 2022. Since then, KAR shares have decreased by 13.6% and is now trading at $13.50.
View the best growth stocks for 2022 here.

Are investors shorting KAR Auction Services?

KAR Auction Services saw a decrease in short interest in November. As of November 15th, there was short interest totaling 7,600,000 shares, a decrease of 14.4% from the October 31st total of 8,880,000 shares. Based on an average trading volume of 1,060,000 shares, the short-interest ratio is presently 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) issued 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 analysts' expectations of $506.94 million. KAR Auction Services had a net margin of 12.34% and a trailing twelve-month return on equity of 2.27%. During the same quarter in the prior year, the business posted $0.45 EPS.

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 a number of retail and institutional investors. Top institutional investors 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 $13.50.

How much money does KAR Auction Services make?

KAR Auction Services (NYSE:KAR) has a market capitalization of $1.47 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