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KAR

KAR Auction

$61.90

0.62 (1.01%)

04:55
08/15/18
08/15
04:55
08/15/18
04:55

KAR Auction management to meet with Barrington

Meetings to be held in Canada August 14-15 hosted by Barrington.

  • 15

    Aug

  • 06

    Nov

KAR KAR Auction
$61.90

0.62 (1.01%)

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.
03/23/18
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.
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.
08/09/18
GABE
08/09/18
DOWNGRADE
GABE
Hold
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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