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KAR Auction Services, Inc. (KAR)

NYSE - NYSE Delayed Price. Currency in USD
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18.95+0.73 (+4.01%)
At close: 4:00PM EST
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  • C
    Chuck
    I am a car dealer in the DFW area and I can tell you the Adesa and Manhiem auctions are still nowhere even close to the number of vehicles run thru sale weekly that they were pre covid . Manhiem is doing good to be running 50-60% of what they use to and I do not think Adesa / KAR are doing much better . They are at least saving money on temp drivers that use to drive cars across the sale block since all sales are virtual only. , and with covid ramping back up I do not see that changing anytime soon . I feel a lot of new car dealers and lease companies are finding alternative ways to sale their unwanted vehicles and some may never use a live brick and mortar auction again . The sales and recon fees were getting out of hand any way . I have been long Kar before but am now pondering a short position if this covid thing keeps getting worse again.
  • V
    Vanessa
    why the drop`?
  • d
    dlkw
    I don’t see any news, why the $4.07 drop pre market? Just more games with small trades?
  • W
    William
    Will KAR ever hit $20 a share again?
    Neutral
  • L
    Lyndon
    HELLO? Any NEWS?
  • M
    Marselle
    I started following "awesomestokcalerts" (Gooogle it - off course without any space or dash in between the words) and their notifications are better than anyone else.
  • W
    William
    What time is earnings?
    Bullish
  • c
    chinski
    I started following "lionstock-aletrs” (Gooogle it - off course without any space or dash in between the words) and their notifications are better than anyone else.
  • N
    Nye
    KAR is about to split off its insurance salvage operations into a new company IAA on June 28. This should set off a period of turmoil for the stock of both companies. Look for a short term decline. IAA will be unknown to investors who did not choose to be owners of a new company and I imagine some will sell right away. KAR itself will suffer an immediate and significant price decline. Some owners may be caught by surprise and sell in a panic to stop losses. Some may have standing stop loss orders which will be triggered. My own view is that these disruptions will be temporary and offer a good buying opportunity for both companies if their COMBINED value falls below 62, as I expect it will.
    I have been an investor in KAR for more than a decade when I received shares as a spin-off from Northern States Power, now ALLETE. It has been a terrific stock for me over the years. I have 700 shares. I’ll probably buy more.
  • Y
    Yahoo Finance Insights
    KAR Auction Services is down 7.89% to 17.17
  • Y
    Yahoo Finance Insights
    KAR Auction Services is up 6.07% to 16.42
  • B
    Big_Block
    Looking at this. Hearing used car market sales are good. Whats the problem with KAR?
  • U
    U
    Over reaction
  • A
    Anonymous
    bought some today..I will build a good size position over the next few weeks..I believe this stock to do very well next year.
  • t
    todd
    bought at 43.9$
  • b
    buy
    Got a quick question. Why does this stock kept going higher when it has $3 billion in debt and missed EPS every Quarter?
    Bearish
  • Y
    Yahoo Finance Insights
    KAR Auction Services is up 6.11% to 15.45
  • Y
    Yahoo Finance Insights
    KAR Auction Services is up 8.55% to 17.91
  • N
    Nye
    Earnings were released yesterday and were above market consensus. Something else must have happened today.
  • r
    ralph
    I agree..100%