Stock Rating Downgrade
The Value Trend Rating for KAR Auction Services Inc (NYSE: KAR) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
KAR Auction Services Inc (NYSE: KAR) stock closed at $19.44 on 11/8/24 after a slight decline of -0.6%. Moreover, trading volume in this decline was unusually high at 182% of normal. The stock has risen 23.0% 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 D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. KAR Auction Services has a neutral Power Rating of 47 and a slightly negative Appreciation Score of 35, producing the Negative Value Trend Rating.
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