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KAR Auction Services, Inc. (KAR)

NYSE - NYSE Delayed Price. Currency in USD
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14.69-0.36 (-2.39%)
At close: 4:00PM EDT

14.69 0.00 (0.00%)
Before hours: 7:44AM EDT

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  • B
    Big_Block
    Looking at this. Hearing used car market sales are good. Whats the problem with KAR?
  • 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.
  • m
    millenniumman123
    Quarterly results good I’m guessing?
  • 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 $3 billion in debt and missed EPS every Quarter?
  • N
    Nye
    Earnings were released yesterday and were above market consensus. Something else must have happened today.
  • r
    ralph
    I agree..100%
  • A
    Anonymous
    Where do I get a Lysol injection?
    The White House?
  • B
    Bunny
    Kar paid at 26% tax rate last year, 6% reduction will translate into 34 million. With 217 million earning last year, that is a 15% lift in earning for every years therefore. Not to mention the Hurrican has lifted the sales this quarter with cars flying off the roof. The interest increase also increase the financial arms. Still way to go. . .
  • B
    Baba Yaga
    Going back to 60$???
  • J
    Jason
    does anyone know why KAR lose but CPRT gain? The two seem doing same business and both beat the earnings consensus.
  • B
    Bunny
    Kar is the big beneficiary of tax cut
  • t
    todd
    auction fee's are higher then ever, combined with record number of auction transactions equals more revenue.
  • N
    Nye
    I still don't know what's happening, but I bought 100 more shares at 45.85 on the way back up. I've had KAR since 2012 when it was $17.45. Its been a great stock for me. Last earnings report seemed fine.
  • N
    Nye
    Spinoff has been great. KAR is at 27, and IAA is at 47. Thus for every share of KAR you owned in June when it was 57, you now own shares in both companies worth more than $74. Can't beat that..
  • Y
    Yahoo Finance Insights
    KAR Auction Services is up 11.46% to 13.95
  • A
    Anonymous
    Someone with some really good software is playing with this position.
  • J
    John
    Does it concern anyone thatAccording to Yahoo finance 93% of the shares are held by insiders, While 0% are held by Institutions? Just asking