KAR Auction Services Inc (NYSE:KAR) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 4, 2016
Zacks Investment Research has downgraded KAR Auction Services Inc (NYSE:KAR) to Sell in a statement released on 10/05/2016.
Boasting a price of $43.44, KAR Auction Services Inc (NYSE:KAR) traded -0.11% lower on the day. With the last stock price close up 6.79% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. KAR Auction Services Inc has recorded a 50-day average of $42.37 and a two hundred day average of $40.68. Volume of trade was down over the average, with 995,434 shares of KAR changing hands under the typical 1,106,420
With a total market value of $0, KAR Auction Services Inc has price-earnings ratio of 27.18 with a one year low of $31.54 and a one year high of $43.91 .
A total of 10 equity analysts have released a research note on KAR. Seven equity analysts rating the company a strong buy, four equity analysts rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $43.55.
More About KAR Auction Services Inc (NYSE:KAR)
KAR Auction Services, Inc. is a provider of whole car auction services in North America, and salvage auction services in North America and the United Kingdom. The Company operates through three segments: ADESA, Inc. (ADESA Auctions), Insurance Auto Auctions, Inc. (IAA) and Automotive Finance Corporation (AFC). The ADESA segment is a provider of whole car auctions and related services to the vehicle remarketing industry in North America. The Company operates as IAA in the United States and Impact Auto Auctions in Canada. The AFC segment is a provider of floorplan financing to independent used vehicle dealers. It facilitates a marketplace by providing auction services for sellers of used, or whole car, vehicles and salvage vehicles through its approximately 240 physical auction locations, and multiple Internet venues. The Company facilitates the sale of over 4.4 million used and salvage vehicles.
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