KAR Auction Services Inc (KAR) : During the past 4 weeks, traders have been relatively bearish on KAR Auction Services Inc (KAR), hence the stock is down -4.46% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.08% relative to the S&P 500. The 4-week change in the price of the stock is -3.48% and the stock has fallen -0.02% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.92% and the 50-Day Moving Average is 1.22%. KAR Auction Services Inc (NYSE:KAR): On Fridays trading session , Opening price of the stock was $41.08 with an intraday high of $41.12. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $40.72. However, the stock managed to close at $40.8, a loss of 0.68% for the day. On the previous day, the stock had closed at $41.08. The total traded volume of the day was 608,191 shares.
The company Insiders own 1.3% of KAR Auction Services Inc shares according to the proxy statements. Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of KAR Auction Services Inc (NYSE:KAR). Jefferies has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $50 per share from a prior target of $47. The rating by the firm was issued on August 4, 2016.
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.