KAR Auction Services - KAR Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for KAR Auction Services in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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 Wall Street analysts have issued twelve-month target prices for KAR Auction Services' shares. Their KAR share price forecasts range from $17.00 to $22.00. On average, they expect the company's share price to reach $19.40 in the next year. This suggests a possible upside of 32.6% from the stock's current price.
View analysts price targets for KAR or view top-rated stocks among Wall Street analysts.

KAR Auction Services' stock was trading at $13.05 on January 1st, 2023. Since then, KAR shares have increased by 12.1% and is now trading at $14.63.
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KAR Auction Services saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 6,930,000 shares, a drop of 12.4% from the December 31st total of 7,910,000 shares. Based on an average daily trading volume, of 811,000 shares, the days-to-cover ratio is presently 8.5 days. Currently, 6.5% of the company's shares are sold short.
View KAR Auction Services' Short Interest.

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) issued its earnings results 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 had revenue of $535.20 million for 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 period in the prior year, the company posted $0.45 EPS.

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 variety of institutional and retail investors. Top institutional investors include Paradice Investment Management LLC (4.66%), Marathon Asset Management Ltd (2.61%), Shufro Rose & Co. LLC (0.69%), Russell Investments Group Ltd. (0.49%), Peregrine Capital Management LLC (0.39%) and Swiss National Bank (0.26%). 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 $14.63.

KAR Auction Services (NYSE:KAR) has a market capitalization of $1.59 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.