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NYSE:KAR

KAR Auction Services - KAR Stock Forecast, Price & News

$14.66
+0.12 (+0.83%)
(As of 02/8/2023 12:00 AM ET)
Add
Compare
Today's Range
$14.27
$14.71
50-Day Range
$12.52
$15.46
52-Week Range
$11.15
$22.10
Volume
409,148 shs
Average Volume
620,352 shs
Market Capitalization
$1.60 billion
P/E Ratio
14.66
Dividend Yield
N/A
Price Target
$19.40

KAR Auction Services MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
32.3% Upside
$19.40 Price Target
Short Interest
Healthy
6.49% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.36
Upright™ Environmental Score
News Sentiment
0.70mentions of KAR Auction Services in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
193.10%
From $0.29 to $0.85 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

65th out of 212 stocks

Automotive Dealers & Gasoline Service Stations Industry

4th out of 24 stocks

KAR stock logo

About KAR Auction Services (NYSE:KAR) Stock

KAR Auction Services, Inc. engages in the provision of used car auction services and salvage auction services in North America and the United Kingdom. It operates through the following segments: ADESA Auctions and Automotive Finance Corporation (AFC). The ADESA segment provides whole car auctions and related services to the vehicle remarketing industry in North America. The AFC segment provides floor plan financing to used vehicle dealers. The company was founded on November 9, 2006 and is headquartered in Carmel, IN.

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KAR Stock News Headlines

Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
MarineMax (HZO) Q1 Earnings and Revenues Lag Estimates
KAR Auction Services: Cheap Enough To Be Worth The Risk
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
J.P. Morgan Sees 70% Upside for These 2 Auto Stocks
Earnings Preview For KAR Auction Services
Should You Hold KAR Auction Services (KAR)?
See More Headlines
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KAR Company Calendar

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

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
$19.40
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+32.3%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$66.50 million
Pretax Margin
3.48%

Debt

Sales & Book Value

Annual Sales
$2.31 billion
Cash Flow
$2.63 per share
Book Value
$12.49 per share

Miscellaneous

Free Float
106,730,000
Market Cap
$1.60 billion
Optionable
Optionable
Beta
1.46

Key Executives

  • Peter J. Kelly
    Chief Executive Officer & Director
  • Scott A. Anderson
    Chief Financial & Accounting Officer
  • Lisa A. Price
    Chief People Officer & Executive Vice President
  • James P. Coyle
    Chief Digital Officer & Executive Vice President
  • Charles S. Coleman
    Secretary, Chief Legal Officer & Executive VP













KAR Stock - Frequently Asked Questions

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

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.
View KAR analyst ratings
or view top-rated stocks.

What is KAR Auction Services' stock price forecast for 2023?

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.

How have KAR shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting KAR Auction Services?

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
.

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 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.

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 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.
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 $14.63.

How much money does KAR Auction Services make?

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.

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 2/8/2023 by MarketBeat.com Staff