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Fly News Breaks for August 4, 2015
KAR
Aug 4, 2015 | 08:59 EDT
After KAR reported better than expected Q2 results and the company increased its guidance, Sterne Agee CRT says that the company's $200M accelerated share repurchase program removes an overhang. It predicts that the stock will rise today, given what it sees as the company's strong volume trends and more favorable capital allocation to shareholders. Sterne Agee CRT keeps a $49 price target and Buy rating on the shares.
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