Jefferies Has Just Reaffirmed $50.0 Target Price Per Share on Kar Auction Services Inc (NYSE:KAR) stock, While They’ve Also Reiterated Their Buy Rating

September 17, 2017 - By Winifred Garcia

 Jefferies Has Just Reaffirmed $50.0 Target Price Per Share on Kar Auction Services Inc (NYSE:KAR) stock, While They’ve Also Reiterated Their Buy Rating

Investors sentiment decreased to 0.93 in 2016 Q4. Its down 0.05, from 0.98 in 2016Q3. It turned negative, as 28 investors sold KAR Auction Services Inc shares while 102 reduced holdings. 43 funds opened positions while 78 raised stakes. 133.66 million shares or 2.71% less from 137.39 million shares in 2016Q3 were reported.

45,379 were reported by Hsbc Public Ltd Com. Moreover, California Pub Employees Retirement has 0.01% invested in KAR Auction Services Inc (NYSE:KAR) for 196,000 shares. Teton Advisors holds 36,979 shares or 0.16% of its portfolio. 1.90M are held by Snyder Capital Mngmt Limited Partnership. Advisors Asset Incorporated stated it has 0.01% of its portfolio in KAR Auction Services Inc (NYSE:KAR). Millennium Llc owns 429,476 shares for 0.04% of their portfolio. Bancorp Of Montreal Can reported 0.01% in KAR Auction Services Inc (NYSE:KAR). 10.77M are owned by Vanguard Incorporated. First Manhattan Co holds 0.19% of its portfolio in KAR Auction Services Inc (NYSE:KAR) for 719,125 shares. Grt Cap Prtnrs Limited Liability holds 7,854 shares. Dumont And Blake Advisors Ltd Limited Liability Company reported 15,945 shares. Mackenzie, Ontario – Canada-based fund reported 643,596 shares. Credit Suisse Ag accumulated 957,825 shares. Enterprise Service Corp, Missouri-based fund reported 91 shares. Nelson Van Denburg & Campbell Wealth Mgmt Gp Ltd Liability Company holds 190 shares.

Kar Auction Services Inc (NYSE:KAR) Rating Reaffirmed

Jefferies now has a $50.0 TP on shares of Kar Auction Services Inc (NYSE:KAR). The TP gives a potential upside of 9.17 % from the current stock price of Kar Auction Services Inc (NYSE:KAR). This rating was released in a note on Monday, 11 September.

Investors sentiment decreased to 0.93 in 2016 Q4. Its down 0.05, from 0.98 in 2016Q3. It turned negative, as 28 investors sold KAR Auction Services Inc shares while 102 reduced holdings. 43 funds opened positions while 78 raised stakes. 133.66 million shares or 2.71% less from 137.39 million shares in 2016Q3 were reported.

45,379 were reported by Hsbc Public Ltd Com. Moreover, California Pub Employees Retirement has 0.01% invested in KAR Auction Services Inc (NYSE:KAR) for 196,000 shares. Teton Advisors holds 36,979 shares or 0.16% of its portfolio. 1.90M are held by Snyder Capital Mngmt Limited Partnership. Advisors Asset Incorporated stated it has 0.01% of its portfolio in KAR Auction Services Inc (NYSE:KAR). Millennium Llc owns 429,476 shares for 0.04% of their portfolio. Bancorp Of Montreal Can reported 0.01% in KAR Auction Services Inc (NYSE:KAR). 10.77M are owned by Vanguard Incorporated. First Manhattan Co holds 0.19% of its portfolio in KAR Auction Services Inc (NYSE:KAR) for 719,125 shares. Grt Cap Prtnrs Limited Liability holds 7,854 shares. Dumont And Blake Advisors Ltd Limited Liability Company reported 15,945 shares. Mackenzie, Ontario – Canada-based fund reported 643,596 shares. Credit Suisse Ag accumulated 957,825 shares. Enterprise Service Corp, Missouri-based fund reported 91 shares. Nelson Van Denburg & Campbell Wealth Mgmt Gp Ltd Liability Company holds 190 shares.

KAR Auction Services Inc (NYSE:KAR) Ratings Coverage

Among 8 analysts covering KAR Auction Services (NYSE:KAR), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. KAR Auction Services has $62 highest and $35 lowest target. $45’s average target is -1.75% below currents $45.8 stock price. KAR Auction Services had 19 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Monday, September 11. As per Wednesday, June 14, the company rating was maintained by Jefferies. On Thursday, September 7 the stock rating was downgraded by Stephens to “Hold”. The firm earned “Buy” rating on Monday, August 24 by Zacks. The firm earned “Buy” rating on Friday, July 24 by Sterne Agee CRT. The rating was maintained by Sterne Agee CRT on Monday, May 2 with “Buy”. Zacks upgraded the stock to “Hold” rating in Friday, August 21 report. The rating was upgraded by Zacks to “Buy” on Wednesday, September 2. Jefferies initiated the shares of KAR in report on Friday, January 15 with “Buy” rating. The company was initiated on Friday, August 26 by Susquehanna.

The stock increased 0.04% or $0.02 on September 15, reaching $45.8. About 986,605 shares traded. KAR Auction Services Inc (NYSE:KAR) has risen 7.49% since September 17, 2016 and is uptrending. It has underperformed by 9.21% the S&P500.

Analysts expect KAR Auction Services Inc (NYSE:KAR) to report $0.51 EPS on November, 2.They anticipate $0.01 EPS change or 2.00 % from last quarter’s $0.5 EPS. KAR’s profit would be $70.04 million giving it 22.45 P/E if the $0.51 EPS is correct. After having $0.65 EPS previously, KAR Auction Services Inc’s analysts see -21.54 % EPS growth.

KAR Auction Services, Inc. is a provider of whole car auction services in North America, and salvage auction services in North America and the United Kingdom. The company has market cap of $6.29 billion. The Firm operates through three divisions: ADESA, Inc. , Insurance Auto Auctions, Inc. (IAA) and Automotive Finance Corporation (AFC). It has a 28.06 P/E ratio. The ADESA segment is a well-known provider of whole car auctions and related services to the vehicle remarketing industry in North America.

Another recent and important KAR Auction Services Inc (NYSE:KAR) news was published by Nasdaq.com which published an article titled: “Ex-Dividend Reminder: Tiffany, KAR Auction Services and Ramco-Gershenson …” on September 15, 2017.

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