KAR Auction Services Inc (KAR) : Traders are bullish on KAR Auction Services Inc (KAR) as it has outperformed the S&P 500 by a wide margin of 2.46% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.26%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.8% in the last 1 week, and is up 0.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.8% and the 50-Day Moving Average is 0.58%.The 200 Day SMA reached 9.1% KAR Auction Services, Inc. is up 6.88% in the last 3-month period. Year-to-Date the stock performance stands at 14.52%.
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.
For the current week, the company shares have a recommendation consensus of Buy. KAR Auction Services Inc (NYSE:KAR): stock was range-bound between the intraday low of $41.53 and the intraday high of $41.99 after having opened at $41.93 on Fridays session. The stock finally closed in the red at $41.93, a loss of -0.69%. The stock remained in the red for the whole trading day. The total traded volume was 1,641,964 shares. The stock failed to cross $41.99 in Fridays trading. The stocks closing price on Thursday was $41.77.
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.