KAR Auction Services Inc. [NYSE: KAR] price surged by 3.34 percent to reach at $0.49.
A sum of 1230352 shares traded at recent session while its average daily volume was at 2.15M shares. KAR Auction Services Inc. shares reached a high of $15.22 and dropped to a low of $14.64 until finishing in the latest session at $15.18.
The one-year KAR stock forecast points to a potential upside of 31.41. The average equity rating for KAR stock is currently 2.10, trading closer to a bullish pattern in the stock market.
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 $22.13 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 2.10. 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.
Northcoast have made an estimate for KAR Auction Services Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 13, 2020. The new note on the price target was released on April 23, 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 0.62, with the Price to Sales ratio for KAR stock in the period of the last 12 months amounting to 0.81. The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 7.44. Price to Free Cash Flow for KAR in the course of the last twelve months was 6.82 with Quick ratio for the last quarter at 1.60.
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 -0.33. With this latest performance, KAR shares dropped by -11.95% in over the last four-week period, additionally plugging by 47.38% over the last 6 months – not to mention a drop of -39.98% 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 40.28, with the RSI for the last a single of trading hit 34.83, and the three-weeks RSI is set at 42.37 for KAR Auction Services Inc. [KAR]. The present Moving Average for the last 50 days of trading for this stock 16.17, while it was recorded at 15.11 for the last single week of trading, and 16.78 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 1.60 and a Current Ratio set at 1.60.
KAR Stock EPS
With the latest financial reports released by the company, KAR Auction Services Inc. posted 0.35/share EPS, while the average EPS was predicted by analysts to be reported at 0.4/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -12.50%. 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 6.20%.
KAR Auction Services Inc. [KAR] Insider Position Details
There are presently around $2,102 million, in the hands of institutional investors. The top three institutional holders of KAR stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 16,753,413, which is approximately 50.425% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 14,419,667 shares of the stock with an approximate value of $218.89 million in KAR stocks shares; and VANGUARD GROUP INC, currently with $189.78 million in KAR stock with ownership of nearly -20.091% of the company’s market capitalization.
Positions in KAR Auction Services Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 168 institutional holders increased their position in KAR Auction Services Inc. [NYSE:KAR] by around 30,443,060 shares. Additionally, 180 investors decreased positions by around 28,098,846 shares, while 25 investors held positions by with 79,941,495 shares. The mentioned changes placed institutional holdings at 138,483,401 shares, according to the latest SEC report filing. KAR stock had 67 new institutional investments in for a total of 7,010,471 shares, while 77 institutional investors sold positions of 6,898,526 shares during the same period.