KAR Auction Services (NYSE: KAR) Sold on at StockNews.com


StockNews.com shares lowered KAR Auction Services (NYSE: KAR – Get Rating) From a hold rating to a sell rating in a research report released on Friday morning.

Several other stock analysts have also recently commented on the company. Robert W. Baird cut his price target on KAR Auction Services from $25.00 to $22.00 in a research note on Thursday. Guggenheim upgraded shares of KAR Auction Services from a sell rating to a neutral rating in a report released on Friday, February 25th. TheStreet lowered KAR Auction Services from an AC rating to a d+ rating in a research note on Wednesday. Zacks Investment Research lowered shares of KAR Auction Services from a hold rating to a sell rating in a research report on Thursday. Finally, Northcoast Research lowered shares of KAR Auction Services from a buy rating to a neutral rating and set a $20.00 price target for the company. In a report on Monday, February 28. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, KAR Auction Services currently has an average Hold rating and an average price target of $21.83.

KAR Auction Services stock traded down $1.29 during midday Friday, to $13.23. The stock had a trading volume of 1,976,377 shares, compared to an average trading volume of 1,590,042. KAR Auction Services recorded a 12-month low at $11.76 and a 12-month high at $22.10. The company has a market capitalization of $1.61 billion, a price-earnings ratio of -82.69, a price-earnings ratio of 0.73 and a beta 1.34. The company has a fifty-day moving average of $17.33 and a two hundred-day moving average of $15.84. The company has a trading ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

KAR Auction Services (NYSE: KAR – Get Rating) last released its quarterly earnings data on Tuesday, May 3. The specialty retailer reported ($0.02) earnings per share for the quarter, below analyst consensus estimates of $0.13 ($0.15). The company generated $369.40 million in revenue for the quarter, compared to the consensus estimate of $559.77 million. KAR Auction Services had a return on equity of 3.35% and a net margin of 0.75%. Business revenue for the first quarter declined 0.1% year-over-year. During the same period in the previous year, the company reported earnings of $0.45 per share. On average, equity research analysts expect KAR Auction Services to report 0.75 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of stock. GSA Capital Partners LLP purchased a new stake in shares of KAR Auction Services in the third quarter valued at approximately $4,596,000. Barclays PLC increased its stake in KAR Auction Services by 55.5% during the third quarter. Barclays PLC now owns 19,756 shares of the specialty retailer’s stock, valued at $3,241,000 after acquiring an additional 70,552 shares last quarter. New York State Teachers’ Retirement System boosted its holdings in shares of KAR Auction Services by 84.1% during the 4th quarter. The New York State Teachers’ Retirement System now owns 6,497 shares of the specialty retailer’s stock valued at $1,015,000 after purchasing an additional 29,669 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of KAR Auction Services in the 3rd quarter valued at approximately $387,000. Finally, Candlestick Capital Management LP purchased a new stake in shares of KAR Auction Services during the third quarter valued at approximately $15,161,000.

KAR Auction Services Company Profile (Get Rating)

KAR Auction Services, Inc., along with its subsidiaries, provides used vehicle auctions and related vehicle remarketing services to the auto industry in the United States, Europe, Canada, Mexico and the United Kingdom. The company operates through two divisions, ADESA Auctions and AFC. The ADESA Auctions division offers full auto auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.

Featured Articles

Analyst Recommendations for KAR Auction Services (NYSE: KAR)



Receive daily Car Auction news and reviews Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for KAR auction services and related companies with MarketBeat.com’s free daily email newsletter.

Leave a Reply

%d bloggers like this: