KAR Auction Services Inc (NYSE: KAR) has reported E.P.S. of $0.00 for its second fiscal quarter (ending June 30) versus $-1.87 for the same period a year ago. Relative to the consensus estimate of $0.20, this was a shortfall of $-0.20. For the latest four quarters through June 30, E.P.S. were $0.08 compared to $-1.74 a year ago.
Recent Price Action
On 8/7/24, KAR Auction Services Inc (NYSE: KAR) stock declined modestly by -1.5%, closing at $16.72. NORMAL trading volume accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -6.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, KAR is expected to continue to be a Value Builder.
KAR Auction Services has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. KAR Auction Services has a slightly negative Appreciation Score of 32 but a good Power Rating of 72, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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