Sunday, January 17, 2021

KAR Auction Services Inc. [KAR] Revenue clocked in at $2.74 billion, down -32.31% YTD: What’s Next?

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KAR Auction Services Inc. [NYSE: KAR] stock went on an upward path that rose over 4.54% on Friday, amounting to a one-week price decrease of less than -11.30%. Over the last 12 months, KAR stock dropped by -36.43%. The one-year KAR Auction Services Inc. stock forecast points to a potential upside of 13.24. The average equity rating for KAR stock is currently 2.40, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1.82 billion, with 129.00 million shares outstanding and 128.02 million shares in the current float. Compared to the average trading volume of 2.53M shares, KAR stock reached a trading volume of 1860354 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Guru’s Opinion on KAR Auction Services Inc. [KAR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KAR shares is $17.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KAR stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for KAR Auction Services Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 23, 2020. The new note on the price target was released on March 18, 2020, representing the official price target for KAR Auction Services Inc. stock.

The Average True Range (ATR) for KAR Auction Services Inc. is set at 1.00, with the Price to Sales ratio for KAR stock in the period of the last 12 months amounting to 0.67. The Price to Book ratio for the last quarter was 1.21, with the Price to Cash per share for the same quarter was set at 2.37. Price to Free Cash Flow for KAR in the course of the last twelve months was 18.62 with Quick ratio for the last quarter at 1.30.

KAR Stock Performance Analysis:

KAR Auction Services Inc. [KAR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.30. With this latest performance, KAR shares gained by 37.08% in over the last four-week period, additionally sinking by -30.00% over the last 6 months – not to mention a drop of -36.43% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KAR stock in for the last two-week period is set at 52.38, with the RSI for the last a single of trading hit 49.03, and the three-weeks RSI is set at 51.53 for KAR Auction Services Inc. [KAR]. The present Moving Average for the last 50 days of trading for this stock 13.49, while it was recorded at 15.64 for the last single week of trading, and 19.76 for the last 200 days.

Insight into KAR Auction Services Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and KAR Auction Services Inc. [KAR] shares currently have an operating margin of +11.29 and a Gross Margin at +35.09. KAR Auction Services Inc.’s Net Margin is presently recorded at +3.32.

Return on Total Capital for KAR is now 5.68, given the latest momentum, and Return on Invested Capital for the company is 2.30. Return on Equity for this stock inclined to 5.93, with Return on Assets sitting at 1.33. When it comes to the capital structure of this company, KAR Auction Services Inc. [KAR] has a Total Debt to Total Equity ratio set at 228.54. Additionally, KAR Total Debt to Total Capital is recorded at 69.56, with Total Debt to Total Assets ending up at 57.31. Long-Term Debt to Equity for the company is recorded at 135.28, with the Long-Term Debt to Total Capital now at 41.18.

Reflecting on the efficiency of the workforce at the company, KAR Auction Services Inc. [KAR] managed to generate an average of $6,039 per employee. Receivables Turnover for the company is 1.05 with a Total Asset Turnover recorded at a value of 0.40.KAR Auction Services Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.

KAR Stock EPS

With the latest financial reports released by the company, KAR Auction Services Inc. posted 0.3/share EPS, while the average EPS was predicted by analysts to be reported at 0.37/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -18.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KAR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for KAR Auction Services Inc. go to 5.50%.

KAR Auction Services Inc. [KAR] Insider Position Details

There are presently around $2,011 million, in the hands of institutional investors. The top three institutional holders of KAR stocks are: VANGUARD GROUP INC with ownership of 15,645,197, which is approximately 5.27% of the company’s market cap and around 0.80% of the total institutional ownership; BLACKROCK INC., holding 11,925,105 shares of the stock with an approximate value of $175.9 million in KAR stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $164.28 million in KAR stock with ownership of nearly 19.039% of the company’s market capitalization.

Positions in KAR Auction Services Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 149 institutional holders increased their position in KAR Auction Services Inc. [NYSE:KAR] by around 18,625,922 shares. Additionally, 195 investors decreased positions by around 32,064,483 shares, while 48 investors held positions by with 85,650,556 shares. The mentioned changes placed institutional holdings at 136,340,961 shares, according to the latest SEC report filing. KAR stock had 39 new institutional investments in for a total of 2,208,382 shares, while 81 institutional investors sold positions of 8,499,966 shares during the same period.

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