Home » USA Broker Ratings » KAR Auction Services, Inc – Consensus Indicates Potential 45.9% Upside

KAR Auction Services, Inc – Consensus Indicates Potential 45.9% Upside

KAR Auction Services, Inc with ticker code (KAR) now have 8 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 35 and 16 with a mean TP of 22.13. With the stocks previous close at 15.17 this would indicate that there is a potential upside of 45.9%. There is a 50 day moving average of 17.06 and the 200 day moving average is 14.74. The company has a market capitalisation of $1,945m. Company Website: http://www.karglobal.com

KAR Auction Services, together with its subsidiaries, used vehicle auctions and related vehicle remarketing services for the automotive industry in the United States, Europe, Canada, Mexico, and the United Kingdom. The company operates through two segments, ADESA Auctions and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities. It also provides value-added services, such as auction related, transportation, reconditioning, inspection, title and repossession administration and remarketing, vehicle research, and analytical services, as well as data as a service. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. As of December 31, 2019, this segment had a network of 74 whole car auction facilities in North America. The AFC segment offers floorplan financing, a short-term inventory-secured financing to independent used vehicle dealers; and sells vehicle service contracts. It also provides wheel repair and hail catastrophe response services. The company serves vehicle manufacturers, vehicle rental companies, financial institutions, commercial fleets and fleet management companies, and dealer customers. The company was formerly known as KAR Holdings and changed its name to KAR Auction Services in November 2009. KAR Auction Services was founded in 2006 and is headquartered in Carmel, Indiana.

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