Barrington analyst Gary Prestopino maintained a Buy rating on Kar Auction Services Inc (KAR) today. The company’s shares closed on Friday at $54.51.
Prestopino said:
“We see ADESA’s TradeRev platform as holding substantial growth potential through offering a digital service for dealer to dealer trades within a total North American market opportunity of 5-7 million vehicles annually.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -2.0% and a 44.4% success rate. Prestopino covers the Services sector, focusing on stocks such as Payment Data Systems Inc, US Auto Parts Network, and Liquidity Services.
Kar Auction Services Inc has an analyst consensus of Moderate Buy, with a price target consensus of $65.
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Kar Auction Services Inc’s market cap is currently $7.34B and has a P/E ratio of 17.08. The company has a Price to Book ratio of 4.70.
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KAR Auction Services, Inc. engages in the provision of whole car auction services in North America and salvage auction services in North America and the United Kingdom. It operates through the following segments: ADESA Auctions, Insurance Auto Auctions (IAA), and Automotive Finance Corporation (AFC).
