60.24 -0.11 (-0.18%)
After hours: 4:11PM EDT
|Bid||60.47 x 800|
|Ask||60.48 x 900|
|Day's Range||59.95 - 60.58|
|52 Week Range||43.32 - 64.55|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||25.80|
|Forward Dividend & Yield||1.40 (2.33%)|
|1y Target Est||N/A|
Jeff Smith, Starboard Value CEO, discusses his new stake in KAR Auction Services, Inc. in an exclusive interview with CNBC's David Faber.
KAR Auction Services Inc NYSE:KARView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for KAR with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting KAR. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding KAR are favorable, with net inflows of $3.24 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in Q4 due to various reasons. Nevertheless, the data show elite investors' consensus picks have done well on average over the long-term. The top 20 stocks among hedge funds beat the S&P […]
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll apply a...
Moody's Investors Service ("Moody's") confirmed KAR Auction Services, Inc. ("KAR") credit ratings, including the B1 Corporate Family Rating ("CFR") and B1-PD Probability of Default Rating, the Ba2 senior secured rating and the B3 senior unsecured rating. Moody's also affirmed the SGL-1 Speculative Grade Liquidity rating.
Moody's Investors Service ("Moody's") affirmed IAA Spinco Inc.'s ("IAA") Ba3 Corporate Family Rating, Ba3-PD Probability of Default Rating and Ba2 senior secured rating. Moody's also assigned a B2 rating to the company's proposed $400 million 8-year senior unsecured notes.
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Ratings assigned to $1.1 billion of senior secured debt as part of the company's tax free spin-off from KAR Auction Services, Inc. New York, May 10, 2019 -- Moody's Investors Service ("Moody's") assigned IAA Spinco Inc. ("IAA") a Ba3 Corporate Family Rating and a Ba3-PD Probability of Default Rating. The company also intends to issue approximately $400 million of other unsecured debt, which is unrated at this point.
KAR Auction Services (KAR) delivered earnings and revenue surprises of -9.09% and 3.27%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
The Carmel, Indiana-based company said it had net income of 58 cents per share. Earnings, adjusted for one-time gains and costs, were 70 cents per share. The results did not meet Wall Street expectations. ...
KAR Auction Services (KAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
Activists gathered at the tony Plaza Hotel to talk about shareholder activism. Here are some fresh ideas from some of the biggest names.
Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm's founder Jeffrey Smith said at a conference on Tuesday. "We believe KAR is a tremendous opportunity," Smith said, adding that he thinks there is plenty of room for margin improvement and expects that portions of the business can be spun off in the near term. Last year, KAR said it would spin out a salvaging business, allowing Starboard's investment to focus on the company's used car auctions.
Starboard Value CEO Jeffrey Smith announced Tuesday that the firm has a stake in automobile auction house KAR Auction Services.
Starboard Value CEO Jeffrey Smith announced Tuesday that the firm has a stake in $7 billion automobile auction house KAR Auction Services. Starboard did not disclose the size of its stake in the company. Smith stressed the importance of the planned spinoff of the Insurance Auto Auctions business from KAR Auction Services as a key value catalyst not yet appreciated by the market.
KAR Auction Services, Inc. (NYSE:KAR), which is in the commercial services business, and is based in United States, saw a double-digit share price rise of over 10% in the past couple of month...