KAR Auction Services (NYSE:KAR) is set to issue its quarterly earnings data after the market closes on Tuesday, February 19th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Shares of KAR opened at $53.18 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.70. The company has a market cap of $7.11 billion, a P/E ratio of 21.27, a PEG ratio of 1.54 and a beta of 1.19. KAR Auction Services has a 1 year low of $45.36 and a 1 year high of $64.55.
KAR has been the topic of several recent analyst reports. Zacks Investment Research raised shares of KAR Auction Services from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Wednesday, October 17th. ValuEngine raised shares of KAR Auction Services from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Barrington Research set a $70.00 price objective on shares of KAR Auction Services and gave the company a “buy” rating in a research note on Monday, November 5th. Finally, SunTrust Banks reduced their price objective on shares of KAR Auction Services to $65.00 and set a “buy” rating on the stock in a research note on Monday, January 7th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $64.57.
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KAR Auction Services Company Profile
KAR Auction Services, Inc, together with its subsidiaries, provides used car auction and salvage auction services in the United States, Canada, Mexico, and the United Kingdom. The company operates through three segments: ADESA Auctions, IAA, and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.
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