Jefferies Sticks to Its Buy Rating for Kar Auction Services Inc (KAR)


In a report released yesterday, Bret Jordan from Jefferies reiterated a Buy rating on Kar Auction Services Inc (KAR), with a price target of $68. The company’s shares closed yesterday at $55.95.

According to TipRanks.com, Jordan is a 4-star analyst with an average return of 9.5% and a 63.8% success rate. Jordan covers the Services sector, focusing on stocks such as Advance Auto Parts, O’Reilly Auto, and AutoNation.

Kar Auction Services Inc has an analyst consensus of Moderate Buy, with a price target consensus of $66.40, implying a 18.7% upside from current levels. In a report released yesterday, Barrington also assigned a Buy rating to the stock with a $70 price target.

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The company has a one-year high of $64.55 and a one-year low of $47.43. Currently, Kar Auction Services Inc has an average volume of 738.4K.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2018, Benjamin Skuy, the EVP of Intl Mrkts & Strat Init of KAR sold 59,560 shares for a total of $3,736,199.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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).

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