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 Wall Street analysts have issued twelve-month price targets for KAR Auction Services' shares. Their KAR share price forecasts range from $20.00 to $22.00. On average, they anticipate the company's share price to reach $20.67 in the next year. This suggests a possible upside of 66.8% 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 on January 1st, 2022. Since then, KAR shares have decreased by 20.7% and is now trading at $12.39.
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KAR Auction Services saw a increase in short interest in 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 trading volume of 974,400 shares, the short-interest ratio is presently 10.3 days. Currently, 8.8% of the shares of the company 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, August, 2nd. The specialty retailer reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by $0.12. The specialty retailer had revenue of $384.20 million for the quarter, compared to the consensus estimate of $376.47 million. KAR Auction Services had a net margin of 11.64% and a trailing twelve-month return on equity of 2.17%.

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 $12.39.

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.