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Fly News Breaks for January 11, 2016
KAR
Jan 11, 2016 | 08:51 EDT
Sterne Agee CRT says that KAR's long-term demand outlook is highly visible, while recent data shows that used vehicle demand was strong over the last three months. Additionally, the firm expects KAR to benefit from "a solid flow of vehicles in the more lucrative physical auction channel," and it predicts that the company's Q4 results will beat expectations. The firm keeps a $50 price target and Buy rating on the shares.
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