On a relative basis, the stock has outperformed the S&P 500 by 1.47% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.6% in the last 1 week, and is up 3.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 12.14% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $42.26 and the one year low was seen on Jan 29, 2016. The 50-Day Moving Average price is $40.74 and the 200 Day Moving Average price is recorded at $37.47.
The stock has recorded a 20-day Moving Average of 4.3% and the 50-Day Moving Average is 5.69%.
KAR Auction Services Inc (NYSE:KAR): stock turned positive on Friday. Though the stock opened at $41.88, the bulls momentum made the stock top out at $42.26 level for the day. The stock recorded a low of $41.62 and closed the trading day at $42.13, in the green by 1.47%. The total traded volume for the day was 957,361. The stock had closed at $41.52 in the previous days trading.
In an insider trading activity,The Officer (Chief Client Officer) of KAR Auction Services, Inc., Caruso Thomas J. sold 48,860 shares at $41.14 on June 29, 2016. The Insider selling transaction had a total value worth of $2,010,100. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
KAR Auction Services, Inc. is a provider of vehicle auction services in North America. We operate as three reportable business segments: ADESA, Inc. (ADESA Auctions), Insurance Auto Auctions, Inc. (IAA) and Automotive Finance Corporation (AFC). ADESA Auctions is a provider of whole car auctions and related services to the vehicle remarketing industry in North America. IAA is a provider of salvage vehicle auctions and related services. AFC is a provider of floorplan financing to independent used vehicle dealers. The Company provides auction services for sellers of used, or whole car, vehicles and salvage vehicles through a network of around 233 physical auction locations, including 65 whole car auction locations and 168 salvage auction locations, and multiple Internet venues. It also offers ancillary services, including transportation, reconditioning, inspections, marshalling, titling and floorplan financing.