KAR Auction Services, Inc. (KAR)

NYSE: KAR · IEX Real-Time Price · USD
14.75
-0.39 (-2.58%)
May 18, 2022 1:16 PM EDT - Market open
Market Cap1.79B
Revenue (ttm)2.04B
Net Income (ttm)15.30M
Shares Out121.53M
EPS (ttm)0.16
PE Ratio92.19
Forward PE24.81
Dividendn/a
Ex-Dividend Daten/a
Volume477,390
Open14.96
Previous Close15.14
Day's Range14.72 - 15.18
52-Week Range11.76 - 22.10
Beta0.99
AnalystsBuy
Price Target22.27 (+51.0%)
Earnings DateMay 3, 2022

About KAR

KAR Auction Services, Inc., together with its subsidiaries, provides used vehicle auctions and related vehicle remarketing services for the automotive industry in the United States, Europe, Canada, Mexico, and the United Kingdom. The company operates through two segments, ADESA Auctions and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities. It also provides value-added services, such as auction related, transportation, reconditioning,...

IndustryCommercial Services & Supplies
IPO DateDec 11, 2009
CEOJames Hallett
Employees8,256
Stock ExchangeNYSE
Ticker SymbolKAR
Full Company Profile

Financial Performance

In 2021, KAR's revenue was $2.25 billion, an increase of 2.92% compared to the previous year's $2.19 billion. Earnings were $66.50 million, an increase of 13,200.00%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for KAR stock is "Buy." The 12-month stock price forecast is 22.27, which is an increase of 50.98% from the latest price.

Price Target
$22.27
(50.98% upside)
Analyst Consensus: Buy
Stock Forecasts

News

KAR Global Announces Participation in Upcoming Investor Conference

CARMEL, Ind. , May 11, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, today announced its partici...

6 days ago - PRNewsWire

KAR Global Completes Sale of ADESA US Physical Auction Business to Carvana

CARMEL, Ind. , May 10, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading provider of digital marketplace solutions for used vehicles, successfully completed its s...

1 week ago - PRNewsWire

Carvana Acquires ADESA U.S.'s Physical Auction Business

PHOENIX--(BUSINESS WIRE)--Carvana acquires ADESA U.S.'s physical auction business

Other symbols:CVNA
1 week ago - Business Wire

KAR Auction Services (KAR) Reports Q1 Loss, Lags Revenue Estimates

KAR Auction Services (KAR) delivered earnings and revenue surprises of -113.33% and 35.64%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

KAR Auction Services, Inc. Reports First Quarter 2022 Financial Results

KAR expects to close the transaction selling its ADESA U.S. physical auction business to Carvana, with the proceeds expected to reduce debt KAR reported consistent revenue from continuing operations For...

2 weeks ago - PRNewsWire

Why KAR Auction Services (KAR) is Poised to Beat Earnings Estimates Again

KAR Auction Services (KAR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

2 weeks ago - Zacks Investment Research

KAR Auction Services (KAR) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

KAR Auction Services (KAR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 weeks ago - Zacks Investment Research

KAR Auction Services, Inc. to Announce First Quarter 2022 Earnings

CARMEL, Ind. , April 19, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its first qu...

4 weeks ago - PRNewsWire

KAR Stock Alert: What to Know About the Carvana Deal Lifting KAR Auction Services

KAR stock shot higher after Carvana announced a plan to acquire its physical auction business in an effort to boost sales. The post KAR Stock Alert: What to Know About the Carvana Deal Lifting KAR Aucti...

Other symbols:CVNA
2 months ago - InvestorPlace

KAR Global Agrees to $2.2 Billion Sale of ADESA US Physical Auction Business to Carvana

CARMEL, Ind., Feb. 24, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading digital marketplace platform for wholesale used vehicles, has reached a definitive agreem...

2 months ago - PRNewsWire

Carvana to Accelerate Growth Through Acquiring ADESA U.S. Physical Auction Business from KAR Global

PHOENIX--(BUSINESS WIRE)--Carvana Acquires ADESA U.S. Physical Auction Business

Other symbols:CVNA
2 months ago - Business Wire

Why Kar Auction Services Stock Popped 11% Today

Losses aren't as bad as feared in Q4 2021, and continued cost-cutting holds promise for 2022.

3 months ago - The Motley Fool

KAR Auction Services (KAR) Surpasses Q4 Earnings and Revenue Estimates

KAR Auction Services (KAR) delivered earnings and revenue surprises of 120% and 5.31%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

KAR Auction Services, Inc. Reports 2021 Financial Results

CARMEL, Ind., Feb. 16, 2022 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its fourth quarter financial results for the period ended December 31, 2021.

3 months ago - PRNewsWire

KAR Auction Services, Inc. to Announce Fourth Quarter and Full Year 2021 Earnings

CARMEL, Ind., Feb. 11, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its fourth quar...

3 months ago - PRNewsWire

KAR Auction Services (KAR) Earnings Expected to Grow: Should You Buy?

KAR Auction Services (KAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

7 of the Best Small-Cap Stocks to Buy Before 2022

With 2021 coming to a close and a new year upon us, it's time to get a head start on some of the best small-cap stocks to buy. The post 7 of the Best Small-Cap Stocks to Buy Before 2022 appeared first o...

5 months ago - InvestorPlace

ADESA First in Industry to Fully Deploy Automated Vehicle Tracking Solution Across North America

CARMEL, Ind., Dec. 7, 2021 /PRNewswire/ -- ADESA, a business unit of global wholesale used vehicle digital marketplace operator KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), and CoreKinect, t...

5 months ago - PRNewsWire

Bruker BioSciences Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600

NEW YORK, Nov. 24, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Thursday, December 2...

Other symbols:BRKRCARSCNHINVEE
5 months ago - PRNewsWire

KAR Auction Services (KAR) Q3 Earnings and Revenues Top Estimates

KAR Auction Services (KAR) delivered earnings and revenue surprises of 14.29% and 5.58%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

KAR Auction Services, Inc. Reports Third Quarter 2021 Financial Results

CARMEL, Ind., Nov. 2, 2021 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its third quarter financial results for the period ended September 30, 2021.

6 months ago - PRNewsWire

ADESA Launches New Tool to Drive Greater Wholesale Value

CARMEL, Ind., Oct. 28, 2021 /PRNewswire/ -- ADESA, a business unit of global wholesale used vehicle digital marketplace operator KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), reveals a new to...

6 months ago - PRNewsWire

Analysts Estimate KAR Auction Services (KAR) to Report a Decline in Earnings: What to Look Out for

KAR Auction Services (KAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

6 months ago - Zacks Investment Research

KAR Global Hires James Coyle as Chief Digital Officer

CARMEL, Ind., Oct. 25, 2021 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, today announced the company...

6 months ago - PRNewsWire