In a report released yesterday, Bret Jordan from Jefferies reiterated a Buy rating on Kar Auction Services Inc (KAR), with a price target of $59. The company’s shares closed yesterday at $46.73, close to its 52-week low of $43.32.
According to TipRanks.com, Jordan is a 4-star analyst with an average return of 8.8% and a 63.5% success rate. Jordan covers the Services sector, focusing on stocks such as Ituran Location And Control Ltd, Genuine Parts Company, and Advance Auto Parts.
Kar Auction Services Inc has an analyst consensus of Strong Buy, with a price target consensus of $60, representing a 28.4% upside. In a report released yesterday, Barrington also assigned a Buy rating to the stock.
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Kar Auction Services Inc’s market cap is currently $6.29B and has a P/E ratio of 19.30. The company has a Price to Book ratio of 4.03.
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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).
