In the past 52-week period, shares of KAR Auction Services, Inc. (NYSE:KAR) have moved within the range of $38.16 to $48.65. On the stock’s most recent trading day, the company’s shares ended the regular session at $47.33, which is 2.71% lower than its 52-week high.
KAR Auction Services, Inc. (KAR) has demonstrated a 20-day simple moving average (SMA) of -0.69%, and a 50-day SMA of 1.98%. This public company’s current market capitalization stands at $6.50 billion.
Analyzing Consensus Estimates, Sales Revenue and Net Income
Checking the amount of enthusiasm that Wall Street analysts hold for a particular stock is crucial when thinking about entering a position. According to the latest data, the consensus recommendation for KAR Auction Services, Inc. (KAR) is Outperform.
Public companies normally post earnings and revenue results that fall somewhat above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Jun. 2017, KAR Auction Services, Inc. (KAR) delivered a 0.85% surprise with its net revenue. Sales reached $0.86 billion during the three-month period, compared to the average analyst estimate of $0.85 billion.
Meanwhile, during the same quarter KAR Auction Services, Inc. (KAR) delivered a 12.22% earnings surprise. Net earnings for the quarter were posted at $0.65 per share, whereas Wall Street had forecast $0.58 per share.
Ownership at KAR Auction Services, Inc. (KAR), According to Most Recent SEC Filings
A publicly-traded organization’s latest 13F filings tell us important details about its institutional ownership. KAR Auction Services, Inc. (KAR) has 0.14 billion shares outstanding currently, 102.19% of which belong to institutional investors. Those institutional holdings amount to $6.58 billion.
Additionally, according to the most recent 13F filing from KAR Auction Services, Inc. (KAR), there were 42 new positions totaling 4,438,713 shares of the company’s stock. There were 33 sold out positions, on the other hand, totaling 2,566,922 shares.
Short, Medium and Long Term Indicators
Assessing the average trade volume of a public company’s stock in the short, medium and long term is helpful to gain an understanding of trading activity and investor sentiment. KAR Auction Services, Inc. (KAR) has had a 20-day average volume of 1,047,870 shares, with an average of 20% of short term indicators pointed at Buy.
The stock’s 50-day average volume has been 1,008,468 shares, with an average of 25% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 960,292 shares with 67% of long-term indicators pointing to Buy.