KAR Auction Services - KAR Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for KAR Auction Services in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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3 Wall Street research analysts have issued 1-year target prices for KAR Auction Services' shares. Their KAR share price forecasts range from $20.00 to $22.00. On average, they expect the company's stock price to reach $20.67 in the next twelve months. This suggests a possible upside of 70.4% 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 $15.62 at the start of the year. Since then, KAR stock has decreased by 22.3% and is now trading at $12.13.
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KAR Auction Services saw a decline in short interest in August. As of August 15th, there was short interest totaling 7,160,000 shares, a decline of 8.9% from the July 31st total of 7,860,000 shares. Based on an average daily trading volume, of 926,100 shares, the days-to-cover ratio is currently 7.7 days. Currently, 6.3% 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 Tuesday, November 1st 2022.
View our KAR earnings forecast.

KAR Auction Services, Inc. (NYSE:KAR) posted its earnings results on Tuesday, November, 2nd. The specialty retailer reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The specialty retailer had revenue of $535.20 million for the quarter, compared to analyst estimates of $506.94 million. KAR Auction Services had a trailing twelve-month return on equity of 2.17% and a net margin of 11.64%. During the same quarter in the prior year, the firm earned $0.45 earnings per share.

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 many different retail and institutional investors. Top institutional shareholders include Burgundy Asset Management Ltd. (7.14%), Marathon Asset Management Ltd (4.46%), Paradice Investment Management LLC (3.94%), State Street Corp (3.80%), FMR LLC (1.71%) and Northern Trust Corp (1.53%). Insiders that own company stock include Benjamin Skuy, Charles S Coleman, David Didomenico, Eric M Loughmiller, J Mark Howell, James P Hallett, Mark E Hill, 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 $12.13.

KAR Auction Services (NYSE:KAR) has a market capitalization of $1.41 billion and generates $2.25 billion in revenue each year. The specialty retailer earns $66.50 million in net income (profit) each year or $1.05 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.