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KAR Auction Services, Inc. (KAR)

Stock Price: $18.09 USD -0.17 (-0.93%)
Updated Jan 19, 2021 4:00 PM EST - Market closed
Pre-market: $18.12 +0.03 (0.17%) Jan 20, 8:10 AM
Market Cap 2.35B
Revenue (ttm) 2.33B
Net Income (ttm) 37.40M
Shares Out 129.23M
EPS (ttm) 0.19
PE Ratio 93.73
Forward PE 14.39
Dividend $0.76
Dividend Yield 4.20%
Trading Day January 19
Last Price $18.09
Previous Close $18.26
Change ($) -0.17
Change (%) -0.93%
Day's Open 18.36
Day's Range 18.05 - 18.46
Day's Volume 1,345,983
52-Week Range 9.50 - 22.94

News

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CNBC Television - 1 week ago

KAR Auction CEO says pandemic sped up digital transition by three years

"We planned on going 100% digital over the course the next two or three years. We basically got that taken care of in the space of about two or three weeks," KAR Auction CEO Jim Hallett said i...

CNBC - 1 week ago

KAR Auction Services planned to go 100% digital in the next three years, but ended up making it happen virtually overnight, CEO Jim Hallett said.

Zacks Investment Research - 2 weeks ago

KAR Auction Services (KAR) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

PRNewsWire - 1 month ago

CARMEL, Ind., Nov. 25, 2020 /PRNewswire/ -- KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor ...

Forbes - 2 months ago

After markets yesterday sharply sold off in the closing minutes, stocks fell slightly again today. If this pace keeps up, markets will close down for the third consecutive day.

Other stocks mentioned: CAKE, LUV, WDC, X
Benzinga - 2 months ago

Companies within the auto value chain reported "very good" third-quarter earnings, but the "too fast and furious recovery" implies investors should be more selective in their stock picking, ac...

Other stocks mentioned: ADNT, APTV, LEA
Forbes - 2 months ago

After the vaccine-related recovery rally stalled yesterday with sharp losses, markets broadly gained today. The Dow rose 307.55 points, or 1.7%, the S&P 500 gained 1.15%, and the Nasdaq also g...

Other stocks mentioned: HXL, MAC, SUP, TEX
PRNewsWire - 2 months ago

CARMEL, Ind., Nov. 12, 2020 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR) has completed the acquisition of BacklotCars, Inc. The addition of BacklotCars supplements...

Forbes - 2 months ago

The vaccine-related recovery rally appeared to stall today. After surging to intraday records earlier in the week, the Dow Jones and S&P 500 sharply declined today, while the Nasdaq mildly gai...

Other stocks mentioned: COTY, GT, PE, SPR
PRNewsWire - 2 months ago

CARMEL, Ind., Nov. 11, 2020 /PRNewswire/ -- KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor ...

Forbes - 2 months ago

Markets skyrocketed to all-time highs today after Pfizer and BioNTech revealed that their COVID-19 vaccine is more than 90% effective. Our deep learning algorithms have crunched the data to gi...

Other stocks mentioned: BYD, OVV, SGMS, SUP
Zacks Investment Research - 2 months ago

Is KAR Auction Services (KAR) a great pick from the value investor's perspective right now? Read on to know more.

Seeking Alpha - 2 months ago

KAR Auction Services, Inc. (KAR) CEO Jim Hallett on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 2 months ago

KAR Auction Services (KAR) delivered earnings and revenue surprises of 60.71% and -5.82%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for t...

PRNewsWire - 2 months ago

CARMEL, Ind., Nov. 3, 2020 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its third quarter financial results for the period ended September 30, 2020. For the third qua...

Zacks Investment Research - 2 months ago

KAR Auction Services (KAR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Zacks Investment Research - 3 months ago

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...

Seeking Alpha - 3 months ago

KAR Auction Services: Permanent Cost Cuts Make This A Cash Cow

Zacks Investment Research - 3 months ago

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...

PRNewsWire - 4 months ago

CARMEL, Ind., Sept. 8, 2020 /PRNewswire/ -- KAR Auction Services, Inc.

Zacks Investment Research - 4 months ago

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...

Forbes - 4 months ago

This morning there were some mixed markets, with the Nasdaq well in the green, while the Dow and S&P 500 were flat on the day. If you're looking for places to hedge your portfolio or want some...

Other stocks mentioned: EXPE, IIVI, JBLU, NKE
InvestorPlace - 5 months ago

As economic uncertainty lingers, look for value stocks that have excellent long-term narratives. Here are five picks to get started now.

Other stocks mentioned: AB, CODI, HTGC, THO
Seeking Alpha - 5 months ago

KAR Auction Services' (KAR) CEO Jim Hallett on Q2 2020 Results - Earnings Call Transcript

PRNewsWire - 5 months ago

CARMEL, Ind., Aug. 4, 2020 /PRNewswire/ -- KAR Auction Services, Inc.

Zacks Investment Research - 5 months ago

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.

PRNewsWire - 5 months ago

CARMEL, Ind., July 22, 2020 /PRNewswire/ -- KAR Auction Services, Inc.

InvestorPlace - 6 months ago

It's a special situation when Wall Street incorrectly prices a stock, and that makes these five value stocks incredible buys right now.

Other stocks mentioned: AB, CODI, HTGC, THO
Zacks Investment Research - 6 months ago

Salvage auto auctioneers are turning car crashes into cash. While the COVID-19 crisis temporarily weighs on the business, bidding activities are gradually picking up after the easing of restri...

Other stocks mentioned: CPRT, IAA
PRNewsWire - 7 months ago

CARMEL, Ind., June 16, 2020 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, announces the launch of the...

Forbes - 7 months ago

There are pockets of the stock market that look far too overvalued to ignore, and our deep learning algorithms paired with our Artificial Intelligence (“AI”) technology has identified the top ...

Other stocks mentioned: AVGR, GHSI
InvestorPlace - 7 months ago

It's a special situation when Wall Street incorrectly prices a stock, and that makes these value stocks incredible buys right now. The post 4 Value Stocks to Buy That Also Pay Dividends appe...

Other stocks mentioned: AB, CODI, THO
Benzinga - 7 months ago

KAR Auction Services Inc (NYSE: KAR) shares are trading higher on Tuesday. The company announced the placement of $550 million in newly issued perpetual convertible preferred stock.

Seeking Alpha - 8 months ago

KAR Auction Services, Inc. (KAR) CEO Jim Hallett on Q1 2020 Results - Earnings Call Transcript

The Motley Fool - 8 months ago

Here are the driving forces behind volatile automotive stocks Thursday.

Other stocks mentioned: CARS, CVNA
Zacks Investment Research - 8 months ago

KAR Auction Services (KAR) delivered earnings and revenue surprises of -47.06% and 1.78%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the s...

InvestorPlace - 8 months ago

There are certain companies out there that I call "heads-I-win-tails-I-win" stocks, and these five names are prime examples of that.

Other stocks mentioned: DEA, LSI, RBA, RILY
Zacks Investment Research - 8 months ago

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.

Zacks Investment Research - 8 months ago

There is a tremendous amount of risk associated with the used-vehicle market, given weak demand for vehicles and economic uncertainty.

Other stocks mentioned: ALLY, CAR, F, GM, HTZ
Zacks Investment Research - 9 months ago

Is Coronavirus Putting Miscellaneous Retail Industry in Peril?

Other stocks mentioned: BBBY, BBW, DKS, FIVE, HIBB, ODP, TSCO, ULTA
Market Watch - 10 months ago

KAR Auction Service Inc. KAR, -2.10% said Tuesday it has suspended all employee air travel through March 31 as a response to the outbreak of the coronavirus COVID-19.

Seeking Alpha - 11 months ago

KAR Auction Services, Inc. (KAR) CEO Jim Hallett on Q4 2019 Results - Earnings Call Transcript

Zacks Investment Research - 11 months ago

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.

Seeking Alpha - 1 year ago

KAR Auction Services: Spinoff, Margin Improvement, And Technology Platform Means Buy

Seeking Alpha - 1 year ago

KAR Auction Services, Inc. (KAR) CEO James Hallett on Q3 2019 Results - Earnings Call Transcript

The Motley Fool - 1 year ago

KAR Auction Services feels margin and volume pressure in the third quarter.

Zacks Investment Research - 1 year ago

KAR Auction Services (KAR) delivered earnings and revenue surprises of -10.26% and 0.90%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for t...

Zacks Investment Research - 1 year ago

KAR vs. RGS: Which Stock Is the Better Value Option?

Other stocks mentioned: RGS
24/7 Wall Street - 1 year ago

With the CBOE volatility index, or VIX, spiking as high as 25 last week, there is a true sense of nervousness among investors, and with good reason.

Other stocks mentioned: BX, KMT, UTX
The Motley Fool - 1 year ago

Earnings missed Wall Street expectations.

About KAR

KAR Auction Services, together with its subsidiaries, 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, inspection, ti... [Read more...]

Industry
Specialty Retail
IPO Date
Dec 11, 2009
CEO
James Hallett
Employees
11,322
Stock Exchange
NYSE
Ticker Symbol
KAR
Full Company Profile

Financial Performance

In 2019, KAR's revenue was $2.78 billion, an increase of 13.88% compared to the previous year's $2.44 billion. Earnings were $188.50 million, a decrease of -42.53%.

Financial Statements

Analyst Forecasts

According to 10 analysts, the average rating for KAR stock is "Buy." The 12-month stock price forecast is 22.44, which is an increase of 24.05% from the latest price.

Price Target
$22.44
(24.05% upside)
Analyst Consensus: Buy