KAR Auction Services Inc (KAR) Receives Price Target

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.

KAR Auction Services Inc (KAR) has an average broker rating of 1.4, which is interpreted as a Strong Buy, as rated by 5 equity analysts. Nonetheless, 4 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.


Also, Susquehanna initiates coverage on KAR Auction Services Inc (NYSE:KAR) The brokerage firm has issued a Positive rating on the shares. The rating by the firm was issued on August 26, 2016.

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 $42.27 and $41.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.29, notching a gain of 0.02% for the day. The total traded volume was 611,847 . The stock had closed at $42.28 on the previous day.

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.

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