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KAR Auction Services, Inc. (KAR)

NYSE - NYSE Delayed Price. Currency in USD
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14.43-0.56 (-3.74%)
At close: 04:00PM EST
14.16 -0.27 (-1.87%)
After hours: 07:43PM EST
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  • Y
    Yahoo Finance Insights
    KAR Auction Services is up 6.42% to 15.91
  • N
    Nye
    KAR is about to split off its insurance salvage operations into a new company IAA on June 28. This should set off a period of turmoil for the stock of both companies. Look for a short term decline. IAA will be unknown to investors who did not choose to be owners of a new company and I imagine some will sell right away. KAR itself will suffer an immediate and significant price decline. Some owners may be caught by surprise and sell in a panic to stop losses. Some may have standing stop loss orders which will be triggered. My own view is that these disruptions will be temporary and offer a good buying opportunity for both companies if their COMBINED value falls below 62, as I expect it will.
    I have been an investor in KAR for more than a decade when I received shares as a spin-off from Northern States Power, now ALLETE. It has been a terrific stock for me over the years. I have 700 shares. I’ll probably buy more.
  • C
    Chuck
    I am a car dealer in the DFW area and I can tell you the Adesa and Manhiem auctions are still nowhere even close to the number of vehicles run thru sale weekly that they were pre covid . Manhiem is doing good to be running 50-60% of what they use to and I do not think Adesa / KAR are doing much better . They are at least saving money on temp drivers that use to drive cars across the sale block since all sales are virtual only. , and with covid ramping back up I do not see that changing anytime soon . I feel a lot of new car dealers and lease companies are finding alternative ways to sale their unwanted vehicles and some may never use a live brick and mortar auction again . The sales and recon fees were getting out of hand any way . I have been long Kar before but am now pondering a short position if this covid thing keeps getting worse again.
  • H
    Hamed
    I thought he did fine. He spoke about how they have cut costs due to transforming the business to digital. Cramer recommended the stock
  • Y
    Yahoo Finance Insights
    KAR Auction Services is up 4.98% to 14.75
  • R
    Raul
    Bought 150 shares today. Will be adding right up to earnings. Who is in?
  • B
    Big_Block
    Looking at this. Hearing used car market sales are good. Whats the problem with KAR?
  • B
    Big
    CEO will be on with Jim Cramer tonight at 6pm
  • S
    ShortsSuk
    bought some today..I will build a good size position over the next few weeks..I believe this stock to do very well next year.
  • U
    U
    Over reaction
  • N
    Nye
    Earnings were released yesterday and were above market consensus. Something else must have happened today.
  • J
    Joanne
    Powerband Solutions $PWWBF is quietly expanding out & coming up behind all these companies. They have a joint venture with Bryan Hunt owner of the largest auction chain in the US, plus doing leasing, sales, loans, and soon auto subscriptions. Glad to see the potential is there on the auction end. Great news for your guys. Congratulations and cheers!
  • t
    todd
    bought at 43.9$
  • B
    Bunny
    Kar paid at 26% tax rate last year, 6% reduction will translate into 34 million. With 217 million earning last year, that is a 15% lift in earning for every years therefore. Not to mention the Hurrican has lifted the sales this quarter with cars flying off the roof. The interest increase also increase the financial arms. Still way to go. . .
  • L
    Lyndon
    HELLO? Any NEWS?
  • R
    Real_Stacey Kronch
    Boy this company got slapped around for two straight days after Cramer said to buy it.
  • K
    Kristy
    Glad I bought 500 more shares at the close on Friday I bought some CAR too yippy doodles
  • l
    loforte
    I’ve been day trading for years and I’m so glad I finally found (http://Fairstox.com). They’re pre-market watchlists cover all the latest market-moving news, and they don’t beat you down with tons of ads. Highly recommend!
  • B
    Baba Yaga
    Going back to 60$???
  • H
    Hamed
    Anybody know why the big spike up today?