KAR Auction Services Inc (KAR) has an average broker rating of 1.29, which is interpreted as a Strong Buy, as rated by 7 equity analysts. Nonetheless, 6 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) : The most positive equity analysts on KAR Auction Services Inc (KAR) expects the shares to touch $55, whereas, the least positive believes that the stock will trade at $43 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $47.25 with an expected fluctuation of $4.51 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. KAR Auction Services Inc (NYSE:KAR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.80 and $40.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.08, notching a gain of 0.96% for the day. The total traded volume was 1,269,096 . The stock had closed at $40.69 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Officer (Chief Client Officer) of KAR Auction Services, Inc., Caruso Thomas J. had sold 48,860 shares worth of $2,010,100 in a transaction dated June 29, 2016. In this transaction, 48,860 shares were sold at $41.14 per share.
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.