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Kar Auction Services Inc (KAR)
NYSE:KAR
Kar Auction Services (KAR) Stock Price & Analysis
386 Followers
KAR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$12.86 - $17.85
Previous Close$17.69
Volume1.01M
Average Volume (3M)850.97K
Market Cap
$1.92B
Enterprise Value$3.88B
Total Cash (Recent Filing)$93.50M
Total Debt (Recent Filing)$2.06B
Price to Earnings (P/E)-9.9
Beta1.16
Next Earnings
Jul 30, 2024EPS Estimate
$0.2Last Dividend Ex-Date
Mar 19, 2020Dividend YieldN/A
Share Statistics
EPS (TTM)-1.78
Shares Outstanding108,302,011
10 Day Avg. Volume1,051,161
30 Day Avg. Volume850,969
Standard Deviation0.13
R-Squared0.37
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)-7.26
Price to Sales (P/S)4.90
Price to Cash Flow (P/CF)22.80
P/FCF Ratio32.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.36
Enterprise Value/Gross Profit4.99
Enterprise Value/Ebitda32.48
Forecast
1Y Price Target
$21.00Price Target Upside18.71% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Kar Auction Services News
PremiumPress Releases
OPENLANE, Inc. Reports 2023 Financial ResultsBulls Say, Bears Say
Bulls Say
Financial PerformanceOPENLANE's Marketplace segment demonstrated a strong performance with year-over-year volume growth of 13%, GMV growth of 17% to $7 billion, and a significant 40% adjusted EBITDA growth.
Guidance And OutlookManagement offered initial guidance, anticipating adjusted EBITDA and operating net income from continuing operations per share at or slightly above the midpoint of both ranges.
Profit Margin ImprovementThe company's Q1/24 financial results show a consolidated gross profit margin increase by 270 basis points to 56.5%, benefiting from higher auction and service fees and cost structure improvements.
Bears Say
Analyst RatingAnalyst maintains Underperform rating due to ongoing supply constraints impacting future revenue and earnings.
Customer ContractsA key customer contract change resulted in a $22 million reduction in service revenue.
Financial PerformanceThe Finance segment's revenue declined and adjusted EBITDA fell by 11%, with an increased provision for credit losses.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
KAR FAQ
What was Kar Auction Services Inc’s price range in the past 12 months?
Kar Auction Services Inc lowest stock price was $12.86 and its highest was $17.85 in the past 12 months.
What is Kar Auction Services Inc’s market cap?
Currently, no data Available
When is Kar Auction Services Inc’s upcoming earnings report date?
Kar Auction Services Inc’s upcoming earnings report date is Jul 30, 2024 which is in 83 days.
How were Kar Auction Services Inc’s earnings last quarter?
Kar Auction Services Inc released its earnings results on May 01, 2024. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by -$0.02.
Is Kar Auction Services Inc overvalued?
According to Wall Street analysts Kar Auction Services Inc’s price is currently Undervalued.
Does Kar Auction Services Inc pay dividends?
Kar Auction Services Inc pays a Quarterly dividend of $0.19 which represents an annual dividend yield of N/A. See more information on Kar Auction Services Inc dividends here
What is Kar Auction Services Inc’s EPS estimate?
Kar Auction Services Inc’s EPS estimate is $0.2.
How many shares outstanding does Kar Auction Services Inc have?
Kar Auction Services Inc has 108,302,010 shares outstanding.
What happened to Kar Auction Services Inc’s price movement after its last earnings report?
Kar Auction Services Inc reported an EPS of $0.19 in its last earnings report, missing expectations of $0.21. Following the earnings report the stock price went up 0.745%.
Which hedge fund is a major shareholder of Kar Auction Services Inc?
Among the largest hedge funds holding Kar Auction Services Inc’s share is Gamco Investors, Inc. ET AL. It holds Kar Auction Services Inc’s shares valued at 7M.
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Kar Auction Services Stock Smart Score
Outperform
1
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4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$21.00 (18.71% Upside)
$21.00 (18.71% Upside)
Blogger Sentiment
Bullish
KAR Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 100.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $273.6K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
22.08%
12-Months-Change
Fundamentals
Return on Equity
-7.41%
Trailing 12-Months
Asset Growth
-6.40%
Trailing 12-Months
Company Description
Kar Auction Services Inc
KAR Auction Services, Inc. engages in the provision of used car auction services and salvage auction services in North America and the United Kingdom. It operates through the following three segments: ADESA Auctions and Automotive Finance Corporation (AFC). The ADESA segment provides whole care auctions and related services to the vehicle remarketing industry in North America. The AFC segment provides floor plan financing to independent used vehicle dealers. The company was founded on November 9, 2006 and is headquartered in Carmel, IN.
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KAR Company Deck
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KAR Earnings Call
Q1 2024
0:00 / 0:00
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KAR Stock 12 Month Forecast
Average Price Target
$21.00
▲(18.71% Upside)
Technical Analysis
Best Analysts Covering KAR
1 Year
1 Year Success Rate
12/25 ratings generated profit
1 Year Average Return
+3.07%
reiterated a buy rating 7 days ago
Copying Craig Kennison's trades and holding each position for 1 Year would result in 48.00% of your transactions generating a profit, with an average return of +3.07% per trade.
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