Analyst Rating Update on KAR Auction Services Inc (KAR)

KAR Auction Services Inc (KAR) : 6 brokerage houses believe that KAR Auction Services Inc (KAR) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on KAR Auction Services Inc (KAR). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 7 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.29.

KAR Auction Services Inc (KAR) : 6 Wall Street analysts covering KAR Auction Services Inc (KAR) believe that the average level the stock could reach for the short term is $46.75. The maximum price target given is $55 and the minimum target for short term is around $43, hence the standard deviation is calculated at $4.31.

For the current week, the company shares have a recommendation consensus of Buy.


KAR Auction Services Inc (NYSE:KAR): The stock opened at $41.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $41.66 for the day. The stock traded down to $40.23 during the day, due to lack of any buying support eventually closed down at $41.13 with a loss of -3.11% for the day. The stock had closed at $42.45 on the previous day. The total traded volume was 4,202,510 shares.

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.

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