On May, 8 Analysts See $0.74 EPS for KAR Auction Services, Inc. (KAR)

April 16, 2018 - By Mary Markley

KAR Auction Services, Inc. (NYSE:KAR) Corporate Logo
During Q4 2017 the big money sentiment increased to 1.69. That’s change of 0.36, from 2017Q3’s 1.33. 28 investors sold all, 77 reduced holdings as KAR Auction Services, Inc. ratio improved. 119 rose holdings while 58 funds amassed holdings. Funds hold 127.57 million shares thus 1.62% less from 2017Q3’s 129.67 million shares.
Us Savings Bank De has 12,961 shs. Rockefeller Fincl Svcs Incorporated holds 650 shs or 0% of its capital. The California-based California Public Employees Retirement Sys has invested 0.02% in KAR Auction Services, Inc. (NYSE:KAR). Aperio Grp Inc Ltd Liability Co holds 31,276 shs. Piedmont Inv Ltd Liability Corporation has invested 0.03% in KAR Auction Services, Inc. (NYSE:KAR). Point72 Asia (Hong Kong) Ltd holds 0.01% of its capital in KAR Auction Services, Inc. (NYSE:KAR) for 260 shs. 5,535 were accumulated by Quantum Capital. Ahl Prtn Ltd Liability Partnership stated it has 0.21% in KAR Auction Services, Inc. (NYSE:KAR). Invesco Ltd accumulated 48,547 shs. Northwestern Mutual Wealth Management owns 101 shs or 0% of their US capital. Gates Mngmt Inc accumulated 1.82% or 1.50M shs. Rwc Asset Mngmt Limited Liability Partnership holds 225,000 shs. First Mercantile Trust owns 6,637 shs or 0.07% of their US capital. 4,869 were accumulated by Oakbrook Invs Llc. Fifth Third Retail Bank holds 0.05% of its capital in KAR Auction Services, Inc. (NYSE:KAR) for 147,484 shs.

KAR Auction Services, Inc. (NYSE:KAR)’s earnings report is anticipated by WallStreet on May, 8, according to Faxor. Analysts forecast $0.74 earnings per share. That’s $0.12 up or 19.35 % from 2017’s earnings of $0.62. If KAR’s EPS is $0.74 the profit will hit $99.46M for 18.17 P/E. Wall Street now predicts 17.46 % EPS growth despite KAR Auction Services, Inc. last quarter’s EPS of $0.63. The stock increased 0.71% or $0.38 during the last trading session, reaching $53.77.KAR Auction Services, Inc. has volume of 549,640 shares. Since April 17, 2017 KAR has risen 22.53% and is uptrending. KAR outperformed by 10.98% the S&P500.

KAR Auction Services, Inc. (NYSE:KAR) Ratings Coverage

Total analysts of 7 have positions in KAR Auction Services (NYSE:KAR) as follows: 6 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 86%. Since October 30, 2017 according to StockzIntelligence Inc KAR Auction Services has 10 analyst reports. In Thursday, March 1 report Gabelli upgraded the stock to “Buy” rating. The company rating was maintained by JP Morgan on Monday, March 19. On Friday, March 2 Bank of America maintained the shares of KAR in report with “Buy” rating. In Tuesday, January 16 report Stephens maintained it with “Hold” rating and $57.0 target. On Wednesday, March 21 Barrington maintained KAR Auction Services, Inc. (NYSE:KAR) with “Buy” rating. In Thursday, November 2 report Gabelli downgraded the stock to “Hold” rating. On Monday, October 30 JP Morgan maintained the shares of KAR in report with “Overweight” rating. On Wednesday, February 28 the firm has “Buy” rating by Robert W. Baird given.

KAR Auction Services, Inc., together with its subsidiaries, provides vehicle auction services in the United States, Canada, Mexico, and the United Kingdom.The company has $7.23 billion market cap. It operates in three divisions: ADESA Auctions, IAA, and AFC.20.52 is the P/E ratio. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.

KAR Auction Services, Inc. (NYSE:KAR) Institutional Investors Chart

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