KAR Auction Services - KAR Stock Forecast, Price & News

3 Wall Street 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 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 equities research analysts have issued 1 year price targets for KAR Auction Services' stock. 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 year. This suggests a possible upside of 65.9% from the stock's current price.
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KAR Auction Services' stock was trading at $15.62 at the beginning of the year. Since then, KAR shares have decreased by 20.2% and is now trading at $12.46.
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KAR Auction Services saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 10,020,000 shares, an increase of 37.4% from the August 31st total of 7,290,000 shares. Based on an average daily trading volume, of 974,400 shares, the short-interest ratio is presently 10.3 days. Currently, 8.8% 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) issued its quarterly earnings data on Tuesday, August, 2nd. The specialty retailer reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.08 by $0.12. The specialty retailer earned $384.20 million during the quarter, compared to analysts' expectations of $376.47 million. KAR Auction Services had a trailing twelve-month return on equity of 2.17% and a net margin of 11.64%.

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."

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 $12.46.

KAR Auction Services (NYSE:KAR) has a market capitalization of $1.44 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.