Breaking: Jefferies Reiterates $50.0 Target Price per Share On Kar Auction Services Inc (NYSE:KAR) Shares, Reiterates Their Original “Buy” Rating

September 17, 2017 - By Adrian Erickson

 Breaking: Jefferies Reiterates $50.0 Target Price per Share On Kar Auction Services Inc (NYSE:KAR) Shares, Reiterates Their Original

Investors sentiment decreased to 0.93 in 2016 Q4. Its down 0.05, from 0.98 in 2016Q3. It is negative, as 28 investors sold KAR Auction Services Inc shares while 102 reduced holdings. 43 funds opened positions while 78 raised stakes. 133.66 million shares or 2.71% less from 137.39 million shares in 2016Q3 were reported.

Cibc Ww Incorporated invested in 5,380 shares. Mcf Advisors Ltd Liability Corp holds 0% or 215 shares in its portfolio. Pivot Point Capital Ptnrs Ltd Liability Company stated it has 61,172 shares. Rhumbline Advisers reported 0.02% of its portfolio in KAR Auction Services Inc (NYSE:KAR). Utah Retirement Sys, a Utah-based fund reported 25,100 shares. Pnc Gp stated it has 2,422 shares or 0% of all its holdings. Tower Cap Limited Co (Trc) holds 0% or 620 shares. Bancorporation Of Montreal Can reported 0.01% in KAR Auction Services Inc (NYSE:KAR). Motley Fool Asset Ltd Liability has 202,708 shares for 1.92% of their portfolio. Teacher Retirement Systems Of Texas has invested 0% in KAR Auction Services Inc (NYSE:KAR). Cipher Cap L P invested 0.11% in KAR Auction Services Inc (NYSE:KAR). Edge Asset has 0.12% invested in KAR Auction Services Inc (NYSE:KAR). Marathon Ptnrs Equity Management Ltd Limited Liability Company holds 202,500 shares. Hbk Sorce Advisory Ltd Limited Liability Company owns 7,239 shares. Deutsche Bancshares Ag invested in 265,739 shares.

Kar Auction Services Inc (NYSE:KAR) Rating Reaffirmed

New York: In an analyst report shared with investors and clients on Monday, 11 September, Jefferies reconfirmed their “Buy” rating on Kar Auction Services Inc (NYSE:KAR) shares. They now have a $50.0 TP on the firm. Jefferies’s target indicates a potential upside of 9.17 % from the company’s stock close price.

Investors sentiment decreased to 0.93 in 2016 Q4. Its down 0.05, from 0.98 in 2016Q3. It is negative, as 28 investors sold KAR Auction Services Inc shares while 102 reduced holdings. 43 funds opened positions while 78 raised stakes. 133.66 million shares or 2.71% less from 137.39 million shares in 2016Q3 were reported.

Cibc Ww Incorporated invested in 5,380 shares. Mcf Advisors Ltd Liability Corp holds 0% or 215 shares in its portfolio. Pivot Point Capital Ptnrs Ltd Liability Company stated it has 61,172 shares. Rhumbline Advisers reported 0.02% of its portfolio in KAR Auction Services Inc (NYSE:KAR). Utah Retirement Sys, a Utah-based fund reported 25,100 shares. Pnc Gp stated it has 2,422 shares or 0% of all its holdings. Tower Cap Limited Co (Trc) holds 0% or 620 shares. Bancorporation Of Montreal Can reported 0.01% in KAR Auction Services Inc (NYSE:KAR). Motley Fool Asset Ltd Liability has 202,708 shares for 1.92% of their portfolio. Teacher Retirement Systems Of Texas has invested 0% in KAR Auction Services Inc (NYSE:KAR). Cipher Cap L P invested 0.11% in KAR Auction Services Inc (NYSE:KAR). Edge Asset has 0.12% invested in KAR Auction Services Inc (NYSE:KAR). Marathon Ptnrs Equity Management Ltd Limited Liability Company holds 202,500 shares. Hbk Sorce Advisory Ltd Limited Liability Company owns 7,239 shares. Deutsche Bancshares Ag invested in 265,739 shares.

KAR Auction Services Inc (NYSE:KAR) Ratings Coverage

Among 8 analysts covering KAR Auction Services (NYSE:KAR), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. KAR Auction Services has $62 highest and $35 lowest target. $45’s average target is -1.75% below currents $45.8 stock price. KAR Auction Services had 19 analyst reports since July 24, 2015 according to SRatingsIntel. Goldman Sachs downgraded KAR Auction Services Inc (NYSE:KAR) on Friday, February 12 to “Neutral” rating. The company was upgraded on Thursday, August 27 by Zacks. The stock has “Buy” rating by Jefferies on Friday, January 15. The rating was upgraded by Zacks to “Buy” on Wednesday, September 2. The rating was maintained by Sterne Agee CRT with “Buy” on Monday, May 2. The firm earned “Buy” rating on Monday, September 11 by Jefferies. The stock of KAR Auction Services Inc (NYSE:KAR) has “Hold” rating given on Thursday, September 7 by Stephens. The firm has “Positive” rating by Susquehanna given on Friday, August 26. Jefferies maintained it with “Buy” rating and $50 target in Thursday, August 4 report. Sterne Agee CRT initiated KAR Auction Services Inc (NYSE:KAR) rating on Friday, July 24. Sterne Agee CRT has “Buy” rating and $49 target.

The stock increased 0.04% or $0.02 on September 15, reaching $45.8. About 986,605 shares traded. KAR Auction Services Inc (NYSE:KAR) has risen 7.49% since September 17, 2016 and is uptrending. It has underperformed by 9.21% the S&P500.

Wall Street await KAR Auction Services Inc (NYSE:KAR) to release earnings on November, 2. Analysts forecast EPS of $0.51, up exactly $0.01 or 2.00 % from 2014’s $0.5 EPS. The expected KAR’s profit could reach $70.04 million giving the stock 22.45 P/E in the case that $0.51 earnings per share is reported. After posting $0.65 EPS for the previous quarter, KAR Auction Services Inc’s analysts now forecast -21.54 % negative EPS growth.

KAR Auction Services, Inc. is a provider of whole car auction services in North America, and salvage auction services in North America and the United Kingdom. The company has market cap of $6.29 billion. The Firm operates through three divisions: ADESA, Inc. , Insurance Auto Auctions, Inc. (IAA) and Automotive Finance Corporation (AFC). It has a 28.06 P/E ratio. The ADESA segment is a well-known provider of whole car auctions and related services to the vehicle remarketing industry in North America.

Another recent and important KAR Auction Services Inc (NYSE:KAR) news was published by Nasdaq.com which published an article titled: “Ex-Dividend Reminder: Tiffany, KAR Auction Services and Ramco-Gershenson …” on September 15, 2017.

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