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KAR

KAR Auction

$60.84

0.14 (0.23%)

09:34
08/09/18
08/09
09:34
08/09/18
09:34

KAR Auction downgraded to Hold on valuation at Gabelli

Gabelli analyst Matthew Paige downgraded KAR Auction to Hold from Buy citing valuation and recommends investors wait for a better entry point.

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KAR KAR Auction
$60.84

0.14 (0.23%)

08/09/18
RHCO
08/09/18
NO CHANGE
Target $70
RHCO
Buy
KAR Auction price target raised to $70 from $65 at SunTrust
SunTrust analyst Stephanie Benjamin raised her price target on KAR Auction to $70 and kept her Buy rating after its Q2 earnings beat and raised FY18 guidance. The analyst adds that her sum-of-the-parts analysis suggests that a higher enterprise value to EIBTDA multiple is warranted, with the earnings highlighting the momentum of its ADESA and IAA businesses.
03/23/18
03/23/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. American Eagle (AEO) initiated with a Buy at Loop Capital. 2. GoDaddy (GDDY) initiated with a Buy at Goldman Sachs while Wix.com (WIX) was initiated with a Neutral. 3. KAR Auction (KAR) and Copart (CPRT) were initiated with a Buy at SunTrust while Monro (MNRO) was initiated with a Hold. 4. Talend (TLND) initiated with a Buy at Needham. 5. Sun Hydraulics (SNHY) initiated with a Buy at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/23/18
RHCO
03/23/18
INITIATION
Target $65
RHCO
Buy
KAR Auction initiated with a Buy at SunTrust
As reported earlier, SunTrust analyst Stephanie Benjamin initiated KAR Auction with a Buy rating and a price target of $65. Benjamin notes the company's position as the leading vehicle auction firm and expects to see its volume growth accelerate thanks to the "attractive auto auction industry tailwinds and greater operating leverage". The analyst adds that her Sum-Of-The-Parts model following the separation of IAA and ADESA businesses allows her to anticipate a multiple expansion for KAR Auction.
03/22/18
RHCO
03/22/18
INITIATION
Target $65
RHCO
Buy
KAR Auction initiated with a Buy at SunTrust
SunTrust initiated KAR Auction with a Buy and $65 price target.

TODAY'S FREE FLY STORIES

TGT

Target

$78.47

0.61 (0.78%)

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AGYS

Agilysys

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(0.00%)

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AMZN

Amazon.com

$1,762.45

20.45 (1.17%)

, BHC

Bausch Health

$26.29

1.745 (7.11%)

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AMZN

Amazon.com

$1,762.45

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BHC

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$26.29

1.745 (7.11%)

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DAL

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YUM

Yum! Brands

$99.21

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TSG

The Stars Group

$16.95

-0.01 (-0.06%)

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General news
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GOOG

Alphabet

$1,199.71

16.05 (1.36%)

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Alphabet Class A

$1,203.13

15.04 (1.27%)

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TROX

Tronox

$12.70

0.61 (5.05%)

07:34
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03/20
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Tronox analyst commentary  »

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QRTEA

Qurate Retail

$17.02

-0.27 (-1.56%)

07:33
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07:33
Initiation
Qurate Retail initiated  »

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WEN

Wendy's

$16.57

-0.16 (-0.96%)

07:33
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03/20
07:33
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07:33
Downgrade
Wendy's rating change  »

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SAIC

SAIC

$72.99

-0.49 (-0.67%)

, RTN

Raytheon

$180.21

-0.02 (-0.01%)

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SAIC

$72.99

-0.49 (-0.67%)

RTN

Raytheon

$180.21

-0.02 (-0.01%)

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BTU

Peabody Energy

$29.99

0.1 (0.33%)

07:33
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Initiation
Peabody Energy initiated  »

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AAXN

Axon

$52.07

2.02 (4.04%)

07:32
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KR

Kroger

$24.35

-0.22 (-0.90%)

07:31
03/20/19
03/20
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07:31
Initiation
Kroger initiated  »

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QSR

Restaurant Brands

$63.66

0.21 (0.33%)

07:30
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03/20
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07:30
Downgrade
Restaurant Brands rating change  »

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FIVE

Five Below

$118.02

1.78 (1.53%)

07:30
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Initiation
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FDX

FedEx

$181.50

-0.92 (-0.50%)

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UNIT

Uniti Group

$9.86

0.41 (4.34%)

, SYMC

Symantec

$23.21

0.13 (0.56%)

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UNIT

Uniti Group

$9.86

0.41 (4.34%)

SYMC

Symantec

$23.21

0.13 (0.56%)

MNST

Monster Beverage

$57.87

-2.72 (-4.49%)

AXL

American Axle

$14.49

0.14 (0.98%)

NOG

Northern Oil and Gas

$2.46

-0.005 (-0.20%)

MIK

Michaels

$12.78

0.99 (8.40%)

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ZEAL

Zealand Pharma

$15.60

(0.00%)

07:30
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Breaking Hot Stocks news story on Zealand Pharma »

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YUM

Yum! Brands

$99.21

-1.04 (-1.04%)

07:29
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07:29
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Yum! Brands rating change  »

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  • 01

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DLTR

Dollar Tree

$101.29

0.28 (0.28%)

07:28
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Initiation
Dollar Tree initiated  »

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DG

Dollar General

$117.20

0.67 (0.57%)

07:27
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Initiation
Dollar General initiated  »

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FDX

FedEx

$181.50

-0.92 (-0.50%)

, UPS

UPS

$110.37

-0.31 (-0.28%)

07:26
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Downgrade
FedEx, UPS rating change  »

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FDX

FedEx

$181.50

-0.92 (-0.50%)

UPS

UPS

$110.37

-0.31 (-0.28%)

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COST

Costco

$237.05

0.43 (0.18%)

07:25
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Initiation
Costco initiated  »

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DOMO

Domo

$43.96

0.68 (1.57%)

07:25
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07:25
Conference/Events
Domo to host financial analyst and investor meeting »

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ALXN

Alexion

$132.94

-0.53 (-0.40%)

07:25
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Conference/Events
Alexion to host investor day »

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