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KAR

KAR - KAR Auction Services Inc Stock Price, Fair Value and News

17.61USD-0.37 (-2.06%)Market Closed

Market Summary

KAR
USD17.61-0.37
Market Closed
-2.06%

KAR Alerts

  • Big fall in earnings (Y/Y)

KAR Stock Price

View Fullscreen

KAR RSI Chart

KAR Valuation

Market Cap

1.9B

Price/Earnings (Trailing)

-11.78

Price/Sales (Trailing)

1.16

EV/EBITDA

15.95

Price/Free Cashflow

7.91

KAR Price/Sales (Trailing)

KAR Profitability

EBT Margin

-8.37%

Return on Equity

-12.17%

Return on Assets

-3.36%

Free Cashflow Yield

12.64%

KAR Fundamentals

KAR Revenue

Revenue (TTM)

1.6B

Rev. Growth (Yr)

-1.02%

Rev. Growth (Qtr)

6.39%

KAR Earnings

Earnings (TTM)

-161.9M

Earnings Growth (Yr)

-55.91%

Earnings Growth (Qtr)

-58.82%

Breaking Down KAR Revenue

Last 7 days

-0.7%

Last 30 days

2.7%

Last 90 days

23.5%

Trailing 12 Months

13.9%

How does KAR drawdown profile look like?

KAR Financial Health

Current Ratio

1.15

Debt/Equity

0.15

Debt/Cashflow

1.2

KAR Investor Care

Buy Backs (1Y)

0.83%

Diluted EPS (TTM)

-1.79

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20241.6B000
20231.6B1.6B1.6B1.6B
20221.5B1.5B1.5B1.5B
20211.9B1.9B1.6B1.5B
20202.7B2.4B2.3B2.2B
20192.5B2.6B2.7B2.8B
20183.2B3.0B2.7B2.4B
20173.3B3.3B3.4B3.5B
20162.8B2.9B3.0B3.2B
20152.4B2.5B2.6B2.7B
20142.2B2.2B2.3B2.4B
20132.0B2.1B2.1B2.2B
20121.9B1.9B1.9B2.0B
20111.8B1.9B1.9B1.9B
201001.8B1.8B1.8B
20090001.7B
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Tracking the Latest Insider Buys and Sells of KAR Auction Services Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 07, 2024
anderson scott a
acquired
-
-
542
chief accounting officer
May 07, 2024
anderson scott a
sold (taxes)
-2,538
17.88
-142
chief accounting officer
May 05, 2024
lakhia brad s.
sold (taxes)
-73,731
17.69
-4,168
evp & cfo
May 05, 2024
lakhia brad s.
acquired
-
-
13,486
evp & cfo
Mar 31, 2024
smith mary ellen
acquired
23,130
17.3
1,337
-
Mar 11, 2024
money james e. ii
sold
-234,632
15.83
-14,822
afc president
Mar 11, 2024
money james e. ii
acquired
204,692
13.81
14,822
afc president
Mar 04, 2024
anderson scott a
acquired
-
-
1,816
chief accounting officer
Mar 04, 2024
anderson scott a
sold (taxes)
-7,593
16.02
-474
chief accounting officer
Feb 28, 2024
anderson scott a
acquired
-
-
2,016
chief accounting officer

1–10 of 50

Which funds bought or sold KAR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-6.35
160,246
1,865,940
-%
May 16, 2024
COMERICA BANK
reduced
-9.05
48,776
830,829
-%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-73.06
-516,337
237,062
-%
May 15, 2024
Schonfeld Strategic Advisors LLC
sold off
-100
-999,230
-
-%
May 15, 2024
Elequin Capital, LP
new
-
1,542,210
1,542,210
0.14%
May 15, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
reduced
-3.82
6,222
56,606
-%
May 15, 2024
Aquatic Capital Management LLC
reduced
-53.41
-119,140
141,860
-%
May 15, 2024
Invenomic Capital Management LP
added
277
20,454,600
26,463,500
1.41%
May 15, 2024
Alberta Investment Management Corp
sold off
-100
-11,043,600
-
-%
May 15, 2024
Centiva Capital, LP
new
-
273,755
273,755
0.01%

1–10 of 48

Are Funds Buying or Selling KAR?

Are funds buying KAR calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own KAR
No. of Funds

Unveiling KAR Auction Services Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2024
snyder capital management inc
3.77%
4,074,965
SC 13G/A
Feb 14, 2024
snyder capital management l p
3.77%
4,074,965
SC 13G/A
Feb 13, 2024
burgundy asset management ltd.
0457%
8,690,866
SC 13G/A
Feb 13, 2024
vanguard group inc
11.35%
12,264,053
SC 13G/A
Feb 09, 2024
dimensional fund advisors lp
6.5%
7,059,387
SC 13G/A
Jan 22, 2024
blackrock inc.
16.3%
17,594,104
SC 13G/A
Feb 14, 2023
snyder capital management l p
5.3%
5,747,890
SC 13G
Feb 10, 2023
dimensional fund advisors lp
5.1%
5,508,286
SC 13G
Feb 10, 2023
burgundy asset management ltd.
3657%
8,021,848
SC 13G/A
Feb 09, 2023
vanguard group inc
11.21%
12,209,230
SC 13G/A

Recent SEC filings of KAR Auction Services Inc

View All Filings
Date Filed Form Type Document
May 16, 2024
4
Insider Trading
May 15, 2024
144
Notice of Insider Sale Intent
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading

Peers (Alternatives to KAR Auction Services Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
566.3B
94.7B
14.23% 0.38%
41.6
5.98
10.12% 15.85%
52.9B
174.9B
7.77% 39.09%
4.95
0.3
8.79% 13.26%
48.9B
177.5B
1.99% 5.50%
12.43
0.28
7.54% 33.01%
22.3B
20.1B
18.40% -13.41%
7.46
1.11
11.06% 348.88%
11.5B
26.5B
6.25% -0.44%
23.91
0.43
-10.61% -1.15%
MID-CAP
8.4B
14.4B
16.35% -17.59%
13.76
0.59
5.28% -36.11%
6.6B
3.1B
-5.82% 52.54%
9.78
2.13
8.82% 17.48%
4.9B
15.4B
13.81% 15.50%
8.56
0.32
2.10% -39.62%
3.7B
19.7B
8.02% -9.26%
-5.7
0.19
-5.64% -9328.57%
2.6B
15.2B
3.59% -19.11%
16.55
0.17
3.04% 1216.67%
SMALL-CAP
1.7B
1.3B
55.08% 113.22%
21.39
1.36
26.17% 337.87%
933.4M
6.2B
14.24% 12.78%
-116.67
0.15
5.67% -113.75%
105.6M
573.5M
-1.13% -36.48%
2.7
0.18
7.12% 39.36%
75.6M
13.1M
41.18% -74.91%
-0.61
5.77
160.69% -5.67%
5.7M
444.2K
-14.93% 90.00%
-0.18
12.82
-78.61% -35.63%

KAR Auction Services Inc News

Latest updates
Yahoo Lifestyle Australia17 May 202412:42 am
Yahoo New Zealand News16 May 202404:07 am
Yahoo Canada Shine On12 May 202408:14 pm
Yahoo Singapore News05 May 202411:06 pm

KAR Auction Services Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue6.4%416391416417421373393384369358347376370530594419646671702719690
Costs and Expenses3.9%347334350611355285343362356325318343338516507424605610616629613
  S&GA Expenses4.7%10910410711110893.00109124119102105106107140131112162165159163175
EBITDA Margin11.0%0.07*0.07*0.09*0.07*0.19*0.17*0.13*0.12*0.12*0.17*0.16*0.19*---------
Interest Expenses1.0%40.0039.0039.0039.0038.0035.0032.0026.0026.0032.0032.0031.0031.0031.0030.0031.0038.0040.0038.0056.0057.00
Income Taxes40.8%11.008.0013.00-19.307.0018.007.00-9.90-4.70-22.1010.002.0025.00-3.4011.00-4.602.009.0013.009.007.00
Earnings Before Taxes37.7%29.0021.0025.00-21320.0060.007.00-15.30-13.10-6.90-16.60-12.9051.00-20.5058.00-36.905.0025.0048.0036.0022.00
EBT Margin6.0%-0.08*-0.09*-0.07*-0.08*0.05*0.03*-0.02*-0.04*-0.03*0.01*0.00*0.04*---------
Net Income-58.8%6.0014.0013.00-19313.0042.001.00-5.40-8.4015.00-1.0012.0051.00-17.1047.00-32.303.0015.0034.0027.0015.00
Net Income Margin-4.9%-0.10*-0.09*-0.08*-0.09*0.03*0.02*0.00*0.00*0.01*0.05*0.03*0.05*---------
Free Cashflow381.7%10021.0074.0047.0096.0080.00-46.90-6.60-22.6021.0024.0039.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets1.9%4,8184,7264,7294,8975,1485,1205,3016,1267,7927,4517,1707,1187,1606,7986,9106,4946,0006,5816,5806,3786,302
  Current Assets4.1%2,9582,8422,9413,0843,0753,0223,2033,9975,5053,3923,5283,4153,5263,1753,6753,2512,7133,2453,2583,0493,460
    Cash Equivalents61.4%15194.001102422202261788331612036596377687841,3311,019408453532257224
  Net PPE-3.7%164170115119120124131139142144571580578590585584594609603595828
  Goodwill-0.4%1,2661,2711,2381,2441,4661,4651,4521,4671,5951,5982,2072,2132,1361,1601,7981,7911,8111,8221,8101,8182,374
  Current Liabilities3.8%2,5742,4792,5092,6462,6662,6432,8203,5484,4823,0092,7572,6832,6562,2512,3552,0092,0192,5182,5162,6682,946
  Long Term Debt-0.9%2012022012012062051951919401,8501,8511,8521,8531,8541,8551,8571,8601,8611,8631,3912,651
    LT Debt, Current-22.1%12015542.001882262892847611,03416.0019.0023.0030.0024.0026.0027.0027.0029.0027.0094.00126
    LT Debt, Non Current-100.0%-2022012012062051951919401,8501,8511,8521,8531,8541,8551,8571,8601,8611,8631,3912,651
Shareholder's Equity0.2%1,3301,3271,3061,3341,5261,5181,5341,6291,5161,5131,4831,5011,5881,6161,6071,5551,5721,6501,6361,7531,503
  Retained Earnings1.2%632624621620825823797814615626631643641601628593625651656645423
  Additional Paid-In Capital0.7%7447387347527477448018479159118798759691,0471,0381,0341,0321,0291,0241,1411,132
Accumulated Depreciation0.7%189187182189190198205208206202616621607596579562544534517502826
Shares Outstanding0.2%108108108109109109113116122121119119---------
Float----1,639---1,687---2,063---1,765---3,316-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations381.7%100,20020,80073,60046,50096,10080,200-46,900-6,600-22,60020,80024,40038,500150,200-252,800163,000318,100-49,20089,700129,400111,70050,000
  Share Based Compensation94.1%6,6003,4004,2005,3003,600-6,0003,30014,3005,0001,1003,4004,0004,7007003,5002,6005,0005,0004,3003,9006,400
Cashflow From Investing22.6%-39,700-51,30012,400-38,000-13,600157,400105,80053,500-246,700-790,400-86,500-231,000-78,500-552,500-222,300369,200116,700-47,700-98,400-134,500-134,400
Cashflow From Financing-297.5%-63,60032,200-200,2004,600-116,500-81,900-618,100-1,198,600276,700307,00050,600-31,800-121,800124,700368,800-82,700-197,200-23,300247,100-1,373,900-13,700
  Buy Backs---22,200--50,00050,10082,100---100,10080,80010,200----119,700--
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KAR Income Statement

2024-03-31
Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating revenues  
Auction fees$ 109.9$ 99.9
Service revenue150.2165.6
Purchased vehicle sales58.255.5
Finance-related revenue98.099.6
Total operating revenues416.3420.6
Operating expenses  
Cost of services (exclusive of depreciation and amortization)213.9224.2
Selling, general and administrative108.7108.0
Depreciation and amortization24.323.0
Total operating expenses346.9355.2
Operating profit69.465.4
Interest expense39.738.3
Other (income) expense, net0.57.1
Income from continuing operations before income taxes29.220.0
Income taxes10.77.3
Income from continuing operations18.512.7
Income from discontinued operations, net of income taxes0.00.0
Net income$ 18.5$ 12.7
Net income (loss) per share - basic  
Income from continuing operations$ 0.05$ 0.01
Income from discontinued operations00
Net income (loss)0.050.01
Net income (loss) per share - diluted  
Income from continuing operations0.050.01
Income from discontinued operations00
Net income (loss)$ 0.05$ 0.01

KAR Balance Sheet

2024-03-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets  
Cash and cash equivalents$ 105.2$ 93.5
Restricted cash45.765.4
Trade receivables, net of allowances of $9.2 and $9.9391.0291.8
Finance receivables, net of allowances of $21.0 and $23.02,292.72,282.0
Other current assets123.7109.2
Total current assets2,958.32,841.9
Other assets  
Goodwill1,266.01,271.2
Customer relationships, net of accumulated amortization of $440.7 and $438.5131.2136.1
Other intangible assets, net of accumulated amortization of $484.2 and $475.4176.4181.5
Operating lease right-of-use assets73.075.9
Property and equipment, net of accumulated depreciation of $188.6 and $187.2163.5169.8
Other assets50.049.9
Total other assets1,860.11,884.4
Total assets4,818.44,726.3
Current liabilities  
Accounts payable744.1556.6
Accrued employee benefits and compensation expenses22.640.5
Accrued interest11.910.1
Other accrued expenses72.575.3
Income taxes payable5.09.8
Obligations collateralized by finance receivables1,597.21,631.9
Current maturities of long-term debt120.4154.6
Total current liabilities2,573.72,478.8
Non-current liabilities  
Long-term debt200.5202.4
Deferred income tax liabilities19.320.9
Operating lease liabilities67.470.4
Other liabilities14.814.3
Total non-current liabilities302.0308.0
Commitments and contingencies (Note 9)
Temporary equity  
Series A convertible preferred stock612.5612.5
Stockholders' equity  
Common stock, $0.01 par value: Authorized shares: 400,000,000; Issued and outstanding shares: March 31, 2024: 108,302,011 December 31, 2023: 108,040,7041.11.1
Additional paid-in capital743.5738.2
Retained earnings631.8624.4
Accumulated other comprehensive loss(46.2)(36.7)
Total stockholders' equity1,330.21,327.0
Total liabilities, temporary equity and stockholders' equity$ 4,818.4$ 4,726.3
KAR
OPENLANE, Inc., together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in North America, Europe, the Philippines, and Uruguay. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles. Its digital marketplaces include BacklotCars, a live auction format that allows dealers to sell and source inventory in a bidding environment in the United States; TradeRev, an online automotive remarketing platform in Canada, where dealers can sell and source used vehicle inventory at any time; ADESA U.K., an online wholesale used vehicle remarketing business in the United Kingdom; and ADESA Europe, an online wholesale vehicle marketplace in Continental Europe. This segment also provides value-added ancillary services, including inbound and outbound transportation logistics, reconditioning, vehicle inspection and certification, titling, administrative, and collateral recovery services. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. The Finance segment offers floorplan financing, a short-term inventory-secured financing to independent used vehicle dealers. The company serves vehicle manufacturers, vehicle rental companies, financial institutions, commercial fleets and fleet management companies, and franchised and independent used vehicle dealers. The company was formerly known as KAR Auction Services, Inc. and changed its name to OPENLANE, Inc. in May 2023. OPENLANE, Inc. was incorporated in 2006 and is headquartered in Carmel, Indiana.
 CEO
 WEBSITEhttps://corporate.openlane.com
 INDUSTRYAutos
 EMPLOYEES3960

KAR Auction Services Inc Frequently Asked Questions


What is the ticker symbol for KAR Auction Services Inc? What does KAR stand for in stocks?

KAR is the stock ticker symbol of KAR Auction Services Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of KAR Auction Services Inc (KAR)?

As of Fri May 17 2024, market cap of KAR Auction Services Inc is 1.91 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of KAR stock?

You can check KAR's fair value in chart for subscribers.

What is the fair value of KAR stock?

You can check KAR's fair value in chart for subscribers. The fair value of KAR Auction Services Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of KAR Auction Services Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for KAR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is KAR Auction Services Inc a good stock to buy?

The fair value guage provides a quick view whether KAR is over valued or under valued. Whether KAR Auction Services Inc is cheap or expensive depends on the assumptions which impact KAR Auction Services Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for KAR.

What is KAR Auction Services Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, KAR's PE ratio (Price to Earnings) is -11.78 and Price to Sales (PS) ratio is 1.16. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. KAR PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on KAR Auction Services Inc's stock?

In the past 10 years, KAR Auction Services Inc has provided 0.066 (multiply by 100 for percentage) rate of return.