KAR Auction Services Inc (KAR) has risen sharply, recording gains of 0.96% in the past 4 weeks. However, the stock has corrected -0.92% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.5% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.96% and the 50-Day Moving Average is 3.06%.The 200 Day SMA reached 12.67%
KAR Auction Services Inc (NYSE:KAR): After opening at $42.83, the stock dipped to an intraday low of $42.73 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $43.27 and the buying power remained strong till the end. The stock closed at $43.16 for the day, a gain of 0.84% for the day session. The total traded volume was 759,884. The stocks close on the previous trading day was $43.16.
KAR Auction Services Inc (KAR) : The highest short term price target forecast on KAR Auction Services Inc (KAR) is $55 and the lowest target price is $43. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $47.7 with a standard deviation of $4.89.
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.