KAR Auction Services Inc (NYSE: KAR) has recently enjoyed extremely meaningful positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, and its longer term price trend turned up.
KAR Auction Services Inc (NYSE: KAR) has recently enjoyed significant positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, and the consensus estimate for December, 2023 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
KAR is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
KAR Auction Services has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. KAR Auction Services has a neutral Appreciation Score of 41 but a good Power Rating of 81, triggering the High Neutral Value Trend Rating.
Recent Price Action
KAR Auction Services Inc (NYSE: KAR) stock closed at $14.78 on 11/20/23 after being unchanged was unchanged. The stock has risen 1.8% during the last week and has been strong relative to the market over the last nine months.
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