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NYSE:KAR - KAR Auction Services Stock Price, Forecast & News

$11.80
-0.40 (-3.28 %)
(As of 03/29/2020 05:24 AM ET)
Today's Range
$11.47
Now: $11.80
$12.21
50-Day Range
$10.21
MA: $18.82
$23.25
52-Week Range
$9.75
Now: $11.80
$28.61
Volume2.07 million shs
Average Volume3.02 million shs
Market Capitalization$1.52 billion
P/E Ratio8.37
Dividend Yield6.23%
Beta0.97
KAR Auction Services, Inc., together with its subsidiaries, provides used car auction and salvage auction services in the United States, Canada, Mexico, and the United Kingdom. The company operates through three segments: ADESA Auctions, IAA, 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. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. As of December 31, 2018, this segment had a network of 75 whole car auction facilities in North America. The IAA segment offers loss claim solutions and salvage vehicle auction services that facilitate the remarketing of vehicles for a range of sellers, including insurance companies, used-vehicle dealers, rental car and fleet lease companies, auto lenders, and charitable organizations through online auctions and salvage vehicle auction sites. This segment also provides catastrophe, vehicle inspection center, and transportation and towing services. As of December 31, 2018, this segment had a network of 179 salvage auction sites in North America. It also operates 14 locations in the United Kingdom. The AFC segment offers floorplan financing, a short-term inventory-secured financing, to independent used vehicle dealers. KAR Auction Services, Inc. also provides wheel repair and hail catastrophe response services. 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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Industry, Sector and Symbol

Industry Automotive dealers & gasoline service stations
Sub-IndustryDiversified Support Services
SectorRetail/Wholesale
CUSIP48238T10
Phone800-923-3725

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.78 billion
Cash Flow$2.55 per share
Book Value$12.81 per share

Profitability

Net Income$188.50 million

Miscellaneous

Employees15,300
Market Cap$1.52 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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KAR Auction Services (NYSE:KAR) Frequently Asked Questions

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

KAR Auction Services' stock was trading at $18.34 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, KAR stock has decreased by 35.7% and is now trading at $11.80. View which stocks have been mosted impacted by Coronavirus.

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 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for KAR Auction Services.

When is KAR Auction Services' next earnings date?

KAR Auction Services is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for KAR Auction Services.

How were KAR Auction Services' earnings last quarter?

KAR Auction Services Inc (NYSE:KAR) issued its earnings results on Tuesday, February, 18th. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.28 by $0.04. The specialty retailer had revenue of $671.30 million for the quarter, compared to analysts' expectations of $658.13 million. KAR Auction Services had a net margin of 6.00% and a return on equity of 12.57%. 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. Shareholders 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 6.44%. The ex-dividend date of this dividend is Thursday, March 19th. View KAR Auction Services' dividend history.

What guidance has KAR Auction Services issued on next quarter's earnings?

KAR Auction Services updated its FY20 earnings guidance on Wednesday, February, 19th. The company provided earnings per share guidance of $1.28-1.38 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.43.

What price target have analysts set for KAR?

9 Wall Street analysts have issued 1-year price objectives for KAR Auction Services' shares. Their forecasts range from $14.00 to $30.00. On average, they anticipate KAR Auction Services' stock price to reach $23.00 in the next year. This suggests a possible upside of 94.9% from the stock's current price. View analysts' price targets for KAR Auction Services.

What are Wall Street analysts saying about KAR Auction Services stock?

Here are some recent quotes from research analysts about KAR Auction Services stock:
  • 1. According to Zacks Investment Research, "KAR Auction Services, Inc., through its subsidiaries, operates as a used vehicle and salvage auto auction company in North America. The company operates in three segments: ADESA, IAAI, and AFC. The ADESA segment provides whole car auctions and related services to commercial fleet operators, financial institutions, rental car companies, used vehicle dealers, vehicle manufacturers and their captive finance companies, and franchised and independent used vehicle dealers. This segment also provides value-added ancillary services, such as inspections, storage, transportation, reconditioning and titling, and other administrative services. The IAAI segment offers salvage vehicle auctions and related services. The AFC segment offers short-term and inventory-secured financing, known as floorplan financing, to independent used vehicle dealers. KAR Auction Services, Inc. is headquartered in Carmel, Indiana. " (2/20/2020)
  • 2. Barrington Research analysts commented, "We believe AFC represents a competitive advantage for KAR as it relates to the company’s independent dealer base who, through AFC, are focused on the franchise dealer market." (6/28/2019)

Has KAR Auction Services been receiving favorable news coverage?

Media coverage about KAR stock has trended somewhat positive this week, InfoTrie reports. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. KAR Auction Services earned a coverage optimism score of 1.2 on InfoTrie's scale. They also gave media stories about the specialty retailer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutKAR Auction Services.

Are investors shorting KAR Auction Services?

KAR Auction Services saw a decline in short interest during the month of March. As of March 13th, there was short interest totaling 11,944,800 shares, a decline of 13.0% from the February 27th total of 13,730,000 shares. Based on an average daily trading volume, of 2,110,000 shares, the days-to-cover ratio is currently 5.7 days. Currently, 9.4% of the shares of the stock are sold short. View KAR Auction Services' Current Options Chain.

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 Verizon Communications (VZ), Alibaba Group (BABA), Home Depot (HD), Johnson & Johnson (JNJ), CVS Health (CVS), AT&T (T), Cisco Systems (CSCO), Honeywell International (HON), Pfizer (PFE) and Procter & Gamble (PG).

Who are KAR Auction Services' key executives?

KAR Auction Services' management team includes the following people:
  • Mr. James P. Hallett, Chairman & CEO (Age 66)
  • Mr. Eric M. Loughmiller, Exec. VP & CFO (Age 59)
  • Ms. Rebecca C. Polak, Chief Legal Officer & Sec. and Pres of TradeRev (Age 48)
  • Mr. Donald S. Gottwald, Chief Strategy Officer and Pres of Digital, Data & Mobility Solutions (Age 52)
  • Mr. John W. Kett, CEO & Pres of Insurance Auto Auctions (Age 55)

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 retail and institutional investors. Top institutional shareholders include Boston Partners (3.76%), Janus Henderson Group PLC (2.95%), Schroder Investment Management Group (2.83%), State Street Corp (2.53%), Bank of New York Mellon Corp (1.77%) and FMR LLC (1.74%). Company insiders that own KAR Auction Services stock include Benjamin Skuy, Charles S Coleman, David Didomenico, Donald S Gottwald, Eric M Loughmiller, James E Money II, James P Hallett, Lisa A Price, Mark E Hill and Rebecca C Polak. 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 Maverick Capital Ltd., Mawer Investment Management Ltd., Principal Financial Group Inc., Great West Life Assurance Co. Can, Fiera Capital Corp, Bessemer Group Inc., Boston Financial Mangement LLC, and Renaissance Technologies LLC. 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 State of Michigan Retirement System, Norges Bank, Schroder Investment Management Group, MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd, Man Group plc, Alta Capital Management LLC, and Janus Henderson Group PLC. 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, and Mark E Hill. 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 $11.80.

How big of a company is KAR Auction Services?

KAR Auction Services has a market capitalization of $1.52 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. View additional information about KAR Auction Services.

What is KAR Auction Services' official website?

The official website for KAR Auction Services is http://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]


MarketBeat Community Rating for KAR Auction Services (NYSE KAR)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  605 (Vote Outperform)
Underperform Votes:  418 (Vote Underperform)
Total Votes:  1,023
MarketBeat's community ratings are surveys of what our community members think about KAR Auction Services and other stocks. Vote "Outperform" if you believe KAR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe KAR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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