Zacks Rating on KAR Auction Services Inc (KAR)

KAR Auction Services Inc (KAR) has an average broker rating of 1.4, which is interpreted as a Strong Buy, as rated by 5 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

KAR Auction Services Inc (KAR) : Currently there are 4 street experts covering KAR Auction Services Inc (KAR) stock. The most bullish and bearish price target for the stock is $55 and $43 respectively for the short term. The average price target of all the analysts comes to $48.38. The estimated standard deviation from the target is $5.38.


Shares of KAR Auction Services, Inc. appreciated by 2.9% during the last five trading days but lost 2.22% on a 4-week basis. KAR Auction Services, Inc. is up 4.63% in the last 3-month period. Year-to-Date the stock performance stands at 15.89%. KAR Auction Services Inc (NYSE:KAR): stock turned positive on Tuesday. Though the stock opened at $41.87, the bulls momentum made the stock top out at $42.53 level for the day. The stock recorded a low of $41.87 and closed the trading day at $42.27, in the green by 0.96%. The total traded volume for the day was 1,154,877. The stock had closed at $41.87 in the previous days trading.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.