KAR Auction Services Inc (NYSE: KAR) stock closed at $19.56 on 11/7/24 after a major increase of 11.9%. Moreover, this advance was accompanied by exceptionally high trading volume at 285% of normal. The stock has performed in line with the market over the last nine months and has risen 20.4% 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 (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. KAR Auction Services has a neutral Appreciation Score of 41 and a neutral Power Rating of 51, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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