In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Kar Auction Services (KAR – Research Report), with a price target of $25.00. The company’s shares closed last Tuesday at $14.73.
According to TipRanks.com, Prestopino is a top 100 analyst with an average return of 38.3% and a 54.1% success rate. Prestopino covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, CDK Global, and PowerFleet.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kar Auction Services with a $23.00 average price target.
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The company has a one-year high of $22.10 and a one-year low of $11.76. Currently, Kar Auction Services has an average volume of 1.4M.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KAR in relation to earlier this year.
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KAR Auction Services, Inc. engages in the provision of used car auction services and salvage auction services in North America and the United Kingdom. It operates through the following three segments: ADESA Auctions and Automotive Finance Corporation (AFC). The ADESA segment provides whole care auctions and related services to the vehicle remarketing industry in North America. The AFC segment provides floor plan financing to independent used vehicle dealers. The company was founded on November 9, 2006 and is headquartered in Carmel, IN.
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