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Fly News Breaks for April 7, 2017
KAR
Apr 7, 2017 | 07:07 EDT
Gabelli analyst Matthew Paige initiated KAR Auction with a Buy and a $62 price target. The analyst said KAR is set to benefit from the upcoming inlux of off-lease and trade-in vehicles as dealers look to KAR's whole-car auctions to move inventory as volumes increase.
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