KAR Auction Services Inc (NYSE: KAR) has reported E.P.S. of $0.05 for its first fiscal quarter (ending March 31) versus $0.01 for the same period a year ago — an increase of 400%. Relative to the consensus estimate of $0.22, this was a shortfall of $-0.17. For the latest four quarters through March 31, E.P.S. were $-1.79 compared to $0.03 a year ago — a decline of -6067%.
Recent Price Action
KAR Auction Services Inc (NYSE: KAR) stock closed at $17.45 on 5/1/24 after an increase of 1.6%. Moreover, above average trading volume at 146% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -0.6% during the last week.
Current PriceTarget Research Rating
KAR’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
KAR Auction Services has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. KAR Auction Services has a slightly negative Appreciation Score of 32 but a slightly positive Power Rating of 61, resulting in the Low 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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