KAR Auction Services Inc (NYSE: KAR) has reported earnings for its third fiscal quarter (ending September 30) of $0.12 versus $0.01 for the same period a year ago — an increase of 1100%. E.P.S. were $0.19 for the latest four quarters through September 30 versus $-1.63 for the same period a year ago — a decline of -112%.
Recent Price Action
KAR Auction Services Inc (NYSE: KAR) stock enjoyed a very large increase of 6.4% on 11/6/24. The shares closed at $17.48. Moreover, this advance was accompanied by unusually high trading volume at 155% of normal. The stock has risen 7.0% during the last week and has performed in line with the market over the last nine months.
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 (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. KAR Auction Services has a neutral Appreciation Score of 41 and a neutral Power Rating of 51, with the Low Neutral Value Trend Rating the result.
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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