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Kar Auction Services Inc (KAR)
NYSE:KAR
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KAR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$12.86 - $18.73
Previous Close$16.47
Volume497.19K
Average Volume (3M)689.42K
Market Cap
$1.79B
Enterprise Value$3.64B
Total Cash (Recent Filing)$60.90M
Total Debt (Recent Filing)$1.91B
Price to Earnings (P/E)204.3
Beta1.11
Next Earnings
Oct 29, 2024EPS Estimate
$0.22Last Dividend Ex-Date
Mar 19, 2020Dividend YieldN/A
Share Statistics
EPS (TTM)0.08
Shares Outstanding108,619,346
10 Day Avg. Volume646,483
30 Day Avg. Volume689,424
Standard Deviation0.12
R-Squared0.36
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)1.35
Price to Sales (P/S)1.10
Price to Cash Flow (P/CF)12.20
P/FCF Ratio19.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.20
Enterprise Value/Gross Profit4.68
Enterprise Value/Ebitda-61.16
Forecast
1Y Price Target
$21.67Price Target Upside29.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Kar Auction Services News
PremiumPre-Earnings
Is KAR a Buy, Before Earnings?
PremiumCompany Announcements
Kar Auction Services Announces Executive Changes and Board Expansion
Bulls Say, Bears Say
Bulls Say
Company StrategyOPENLANE has positioned itself to capture dealer volume as wholesale remarketing activity moves online, leveraging digital tools and key relationships to build a larger, more dynamic marketplace.
Financial PerformanceConsolidated revenue increased 3.6% to $431.8 million driven by 7%-unit volume growth in the Marketplace segment.
Market PotentialThe secular shift to digital from physical auctions provides a strong tailwind for future growth opportunities.
Bears Say
Financial PerformanceAdjusted EBITDA fell short of the consensus forecast, mainly due to an unexpected impact from the Canadian Digital Services Tax.
Gross Margins2Q:24 results miss on weaker gross margins.
Industry ChallengesTotal vehicles sold continue to be under pressure due to a lack of wholesale supply, which is a pervasive issue for the broader used vehicle industry.
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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 $18.73 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 Oct 29, 2024 which is in 33 days.
How were Kar Auction Services Inc’s earnings last quarter?
Kar Auction Services Inc released its earnings results on Aug 07, 2024. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.205 by -$0.015.
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 $0.22.
How many shares outstanding does Kar Auction Services Inc have?
Kar Auction Services Inc has 108,619,350 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 $0.205. Following the earnings report the stock price went down -1.017%.
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 8M.
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Kar Auction Services Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$21.67 (29.45% Upside)
$21.67 (29.45% Upside)
Blogger Sentiment
Bullish
KAR Sentiment 100%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 1.0K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Positive
20 days / 200 days
Momentum
10.02%
12-Months-Change
Fundamentals
Return on Equity
2.74%
Trailing 12-Months
Asset Growth
-5.71%
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
Q2 2024
0:00 / 0:00
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KAR Stock 12 Month Forecast
Average Price Target
$21.67
▲(29.45% Upside)
Technical Analysis
Best Analysts Covering KAR
1 Year
1 Year Success Rate
14/29 ratings generated profit
1 Year Average Return
-0.36%
reiterated a buy rating 7 days ago
Copying Gary Prestopino's trades and holding each position for 1 Year would result in 48.28% of your transactions generating a profit, with an average return of -0.36% per trade.
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