KAR Auction Services Inc. [NYSE: KAR] plunged by -$0.53 during the normal trading session on Thursday and reaching a high of $15.10 during the day while it closed the day at $14.52. The company report on May 3, 2022 that KAR Auction Services, Inc. Reports First Quarter 2022 Financial Results.
KAR expects to close the transaction selling its ADESA U.S. physical auction business to Carvana, with the proceeds expected to reduce debt.
KAR Auction Services Inc. stock has also loss -3.39% of its value over the past 7 days. However, KAR stock has inclined by 6.45% in the 3 months of the year. Over the past six months meanwhile, it has lost -0.62% and lost -7.04% year-on date.
The market cap for KAR stock reached $1.81 billion, with 120.90 million shares outstanding and 119.75 million shares in the current float. Compared to the average trading volume of 2.04M shares, KAR reached a trading volume of 3034518 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $23.88 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.
CJS Securities have made an estimate for KAR Auction Services Inc. shares, keeping their opinion on the stock as Market Outperform, with their previous recommendation back on May 04, 2022. The new note on the price target was released on February 28, 2022, representing the official price target for KAR Auction Services Inc. stock. On May 21, 2021, analysts increased their price target for KAR shares from 15 to 26.
The Average True Range (ATR) for KAR Auction Services Inc. is set at 0.66, with the Price to Sales ratio for KAR stock in the period of the last 12 months amounting to 0.80. The Price to Book ratio for the last quarter was 1.16, with the Price to Cash per share for the same quarter was set at 1.52. Price to Free Cash Flow for KAR in the course of the last twelve months was 5.94 with Quick ratio for the last quarter at 1.10.
KAR stock trade performance evaluation
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 -3.39. With this latest performance, KAR shares dropped by -17.97% in over the last four-week period, additionally sinking by -0.62% over the last 6 months – not to mention a drop of -13.16% 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 28.48, with the RSI for the last a single of trading hit 25.32, and the three-weeks RSI is set at 33.59 for KAR Auction Services Inc. [KAR]. The present Moving Average for the last 50 days of trading for this stock 17.36, while it was recorded at 14.66 for the last single week of trading, and 16.09 for the last 200 days.
KAR Auction Services Inc. [KAR]: An insightful look at the core 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 +9.71 and a Gross Margin at +34.14. KAR Auction Services Inc.’s Net Margin is presently recorded at +2.71.
Return on Equity for this stock inclined to 2.86, with Return on Assets sitting at 0.86.
KAR Auction Services Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
Earnings per share (EPS) analysis for KAR Auction Services Inc. [KAR] stock
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 14.00%.
KAR Auction Services Inc. [KAR]: Insider Ownership positions
There are presently around $2,148 million, in the hands of institutional investors. The top three institutional holders of KAR stocks are: BLACKROCK INC. with ownership of 20,141,635, which is approximately 36.795% of the company’s market cap and around 1.40% of the total institutional ownership; VANGUARD GROUP INC, holding 12,636,169 shares of the stock with an approximate value of $190.17 million in KAR stocks shares; and SNYDER CAPITAL MANAGEMENT L P, currently with $99.0 million in KAR stock with ownership of nearly 4.661% 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 114 institutional holders increased their position in KAR Auction Services Inc. [NYSE:KAR] by around 20,501,855 shares. Additionally, 141 investors decreased positions by around 20,861,252 shares, while 32 investors held positions by with 101,392,200 shares. The mentioned changes placed institutional holdings at 142,755,307 shares, according to the latest SEC report filing. KAR stock had 37 new institutional investments in for a total of 2,493,583 shares, while 50 institutional investors sold positions of 6,311,493 shares during the same period.