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KAR

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

17.08USD-0.06 (-0.35%)Market Closed

Market Summary

KAR
USD17.08-0.06
Market Closed
-0.35%

KAR Alerts

  • 1 major insider sales recently.

KAR Stock Price

View Fullscreen

KAR RSI Chart

KAR Valuation

Market Cap

1.9B

Price/Earnings (Trailing)

-11.96

Price/Sales (Trailing)

1.13

EV/EBITDA

17.7

Price/Free Cashflow

7.81

KAR Price/Sales (Trailing)

KAR Profitability

EBT Margin

-8.91%

Return on Equity

-11.67%

Return on Assets

-3.28%

Free Cashflow Yield

12.8%

KAR Fundamentals

KAR Revenue

Revenue (TTM)

1.6B

Rev. Growth (Yr)

4.96%

Rev. Growth (Qtr)

-6.01%

KAR Earnings

Earnings (TTM)

-154.8M

Earnings Growth (Yr)

-67.54%

Earnings Growth (Qtr)

7.09%

Breaking Down KAR Revenue

Last 7 days

-0.7%

Last 30 days

5.8%

Last 90 days

23.4%

Trailing 12 Months

26.4%

How does KAR drawdown profile look like?

KAR Financial Health

Current Ratio

1.15

Debt/Equity

0.15

Debt/Cashflow

1.17

KAR Investor Care

Buy Backs (1Y)

0.80%

Diluted EPS (TTM)

-1.83

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
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
Get all data in R, Python etc through our Historical Stock Data APIs
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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

PurpleZone


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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks
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Tracking the Latest Insider Buys and Sells of KAR Auction Services Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 31, 2024
smith mary ellen
acquired
23,130
17.3
1,337
-
Mar 11, 2024
money james e. ii
acquired
204,692
13.81
14,822
afc president
Mar 11, 2024
money james e. ii
sold
-234,632
15.83
-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
sold (taxes)
-7,911
15.04
-526
chief accounting officer
Feb 28, 2024
anderson scott a
acquired
-
-
2,016
chief accounting officer
Feb 27, 2024
kelly peter j
bought
359,520
14.98
24,000
chief executive officer
Feb 26, 2024
kelly peter j
bought
148,700
14.87
10,000
chief executive officer
Feb 24, 2024
anderson scott a
sold (taxes)
-10,783
15.06
-716
chief accounting officer

1–10 of 50

Which funds bought or sold KAR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 16, 2024
Kathmere Capital Management, LLC
unchanged
-
95,616
664,320
 0.08%
Apr 15, 2024
Sound Income Strategies, LLC
unchanged
-
578
4,014
 -%
Apr 12, 2024
ARGA Investment Management, LP
unchanged
-
142,694
991,411
 0.03%
Apr 12, 2024
AdvisorNet Financial, Inc
sold off
-100
-385
-
 -%
Apr 11, 2024
Fortitude Family Office, LLC
new
-
2,197
2,197
 -%
Apr 05, 2024
CWM, LLC
added
61.9
1,000
1,000
 -%
Apr 05, 2024
LOS ANGELES CAPITAL MANAGEMENT LLC
new
-
242,217
242,217
 -%
Apr 05, 2024
Carolina Wealth Advisors, LLC
reduced
-0.27
98,155
693,072
 0.38%
Apr 05, 2024
GAMMA Investing LLC
added
16.95
9,510
31,278
 0.01%
Apr 03, 2024
Versant Capital Management, Inc
unchanged
-
592
4,117
 -%

1–10 of 50

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

KAR Alerts

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
Apr 10, 2024
3
Insider Trading
Apr 01, 2024
4
Insider Trading
Mar 13, 2024
4
Insider Trading
Mar 11, 2024
144
Notice of Insider Sale Intent
Mar 06, 2024
4
Insider Trading
Feb 29, 2024
4
Insider Trading
Feb 28, 2024
4
Insider Trading
Feb 27, 2024
4
Insider Trading
Feb 26, 2024
4
Insider Trading
Feb 22, 2024
S-3ASR
S-3ASR

Peers (Alternatives to KAR Auction Services Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
TSLA
495.0B
96.8B
 -10.57% -15.67%
33.01
5.12
 18.80% 19.44%
GM
49.0B
171.8B
 4.02% 20.18%
4.87
0.29
 9.64% 2.33%
F
48.1B
176.2B
 -1.15% -5.42%
11.05
0.27
 11.47% 328.08%
APTV
19.4B
20.1B
 -10.86% -35.49%
6.59
0.97
 14.65% 394.61%
KMX
10.8B
26.5B
 -14.16% -0.78%
22.51
0.41
 -10.61% -1.15%
MID-CAP
BWA
7.3B
15.0B
 -0.65% -34.28%
11.71
0.49
 12.05% -33.79%
ALSN
7.0B
3.0B
 4.70% 69.83%
10.34
2.29
 9.61% 26.74%
ABG
4.3B
14.8B
 1.67% 1.76%
7.17
0.29
 -4.09% -39.59%
GT
3.4B
20.1B
 -3.94% 8.73%
-4.94
0.17
 -3.55% -440.59%
ADNT
2.6B
15.4B
 -13.53% -28.30%
12.04
0.17
 7.09% 494.44%
SMALL-CAP
BLBD
1.1B
1.2B
 5.03% 80.11%
17.99
0.91
 33.91% 215.64%
AXL
812.5M
6.1B
 2.66% -8.80%
-24.18
0.13
 4.78% -152.26%
CAAS
106.9M
576.4M
 4.73% -25.47%
2.84
0.19
 8.84% 77.79%
WKHS
53.5M
5.0M
 -32.00% -84.26%
-0.43
4.09
 160.69% -5.67%
AYRO
6.6M
498.9K
 -14.81% 126.23%
-0.19
13.26
 -83.32% -48.94%

KAR Auction Services Inc News

Latest updates
Yahoo Movies UK • 32 hours ago
Why KAR Auction Stock Just Dropped 11%
Autosphere.ca • 11 months ago
KAR Global to Rebrand as OPENLANE
PR Newswire • 11 months ago
KAR Auction Services, Inc. Reports First Quarter 2023 Financial Results
OPENLANE Corporate • 11 months ago
KAR Global to Rebrand as OPENLANE
Indianapolis Business Journal • 11 months ago
Carmel-based KAR to change its name to OpenLane – Indianapolis Business Journal
Reuters • 2 years ago
Carvana to buy KAR Global's U.S. vehicle auction business for over $2 bln
Bloomberg • 2 years ago
KAR Shares Soar After Carvana Buys Auction Unit for $2.2 Billion
The Motley Fool • 2 years ago
Why Kar Auction Services Stock Popped 11% Today
Seeking Alpha • 4 years ago
KAR Auction Services: Spinoff, Margin Improvement, And Technology Platform Means Buy (NYSE:KAR)
Forbes • 4 years ago
KAR Auctions Services To Spin Off Insurance Auto Auctions on June 28

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/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-6.0%391416417421373393384369358347376370530594419646671702719690594
Costs and Expenses-4.5%334350611355285343362356325318343338516507424605610616629613524
  S&GA Expenses-3.4%10410711110893.00109124119102105106107140131112162165159163175149
EBITDA Margin-24.0%0.07*0.09*0.07*0.19*0.17*0.13*0.12*0.12*0.17*0.16*0.19*----------
Interest Expenses-0.3%39.0039.0039.0038.0035.0032.0026.0026.0032.0032.0031.0031.0031.0030.0031.0038.0040.0038.0056.0057.0053.00
Income Taxes-40.2%8.0013.00-19.307.0018.007.00-9.90-4.70-22.1010.002.0025.00-3.4011.00-4.602.009.0013.009.007.002.00
Earnings Before Taxes-16.5%21.0025.00-21320.0060.007.00-15.30-13.10-6.90-16.60-12.9051.00-20.5058.00-36.905.0025.0048.0036.0022.0017.00
EBT Margin-34.2%-0.09*-0.07*-0.08*0.05*0.03*-0.02*-0.04*-0.03*0.01*0.00*0.04*----------
Net Income7.1%14.0013.00-19313.0042.001.00-5.40-8.4015.00-1.0012.0051.00-17.1047.00-32.303.0015.0034.0027.0015.0015.00
Net Income Margin-21.0%-0.09*-0.08*-0.09*0.16*0.16*0.15*0.15*0.02*0.05*0.03*0.05*----------
Free Cashflow-71.7%21.0074.0047.0096.0080.00-46.90-6.60-22.6021.0024.0039.00----------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-0.1%4,7264,7294,8975,1485,1205,3016,1267,7927,4517,1707,1187,1606,7986,9106,4946,0006,5816,5806,3786,3027,206
  Current Assets-3.4%2,8422,9413,0843,0753,0223,2033,9975,5053,3923,5283,4153,5263,1753,6753,2512,7133,2453,2583,0493,4603,314
    Cash Equivalents-15.2%94.001102422202261788331612036596377687841,3311,019408453532257224305
  Net PPE47.5%170115119120124131139142144571580578590585584594609603595828631
  Goodwill2.7%1,2711,2381,2441,4661,4651,4521,4671,5951,5982,2072,2132,1361,1601,7981,7911,8111,8221,8101,8182,3741,677
  Current Liabilities-1.2%2,4792,5092,6462,6662,6432,8203,5484,4823,0092,7572,6832,6562,2512,3552,0092,0192,5182,5162,6682,9462,625
  Long Term Debt0.5%2022012012062051951919401,8501,8511,8521,8531,8541,8551,8571,8601,8611,8631,3912,6512,654
    LT Debt, Current265.5%15542.001882262892847611,03416.0019.0023.0030.0024.0026.0027.0027.0029.0027.0094.0012613.00
    LT Debt, Non Current0.5%2022012012062051951919401,8501,8511,8521,8531,8541,8551,8571,8601,8611,8631,3912,6512,654
Shareholder's Equity1.6%1,3271,3061,3341,5261,5181,5341,6291,5161,5131,4831,5011,5881,6161,6071,5551,5721,6501,6361,7531,5031,464
  Retained Earnings0.5%624621620825823797814615626631643641601628593625651656645423392
  Additional Paid-In Capital0.5%7387347527477448018479159118798759691,0471,0381,0341,0321,0291,0241,1411,1321,132
Accumulated Depreciation2.7%187182189190198205208206202616621607596579562544534517502826468
Shares Outstanding0.0%108108109109109113116122121119119----------
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/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-71.7%20,80073,60046,50096,10080,200-46,900-6,600-22,60020,80024,40038,500150,200-252,800163,000318,100-49,20089,700129,400111,70050,000111,700
  Share Based Compensation-19.0%3,4004,2005,3003,600-6,0003,30014,3005,0001,1003,4004,0004,7007003,5002,6005,0005,0004,3003,9006,4004,300
Cashflow From Investing-513.7%-51,30012,400-38,000-13,600157,400105,80053,500-246,700-790,400-86,500-231,000-78,500-552,500-222,300369,200116,700-47,700-98,400-134,500-134,400-118,900
Cashflow From Financing116.1%32,200-200,2004,600-116,500-81,900-618,100-1,198,600276,700307,00050,600-31,800-121,800124,700368,800-82,700-197,200-23,300247,100-1,373,900-13,700-116,800
  Buy Backs-100.0%-22,200--50,00050,10082,100---100,10080,80010,200----119,700--100,000

KAR Income Statement

2023-12-31
Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating revenues   
Auction fees$ 395.3$ 370.3$ 399.2
Service revenue619.7590.3541.3
Purchased vehicle sales236.7182.9220.9
Finance-related revenue393.4375.9289.2
Total operating revenues1,645.11,519.41,450.6
Operating expenses   
Cost of services (exclusive of depreciation and amortization)867.6834.3792.5
Selling, general and administrative430.4445.1420.7
Depreciation and amortization101.5100.2109.9
Gain on sale of property0.0(33.9)0.0
Goodwill and other intangibles impairment250.80.00.0
Total operating expenses1,650.31,345.71,323.1
Operating profit (loss)(5.2)173.7127.5
Interest expense155.8119.2125.7
Other (income) expense, net(15.6)(1.3)(12.5)
Loss on extinguishment of debt1.117.20.0
Income (loss) from continuing operations before income taxes(146.5)38.614.3
Income taxes8.310.015.1
Income (loss) from continuing operations(154.8)28.6(0.8)
Income from discontinued operations, net of income taxes0.7212.667.3
Net income (loss)$ (154.1)$ 241.2$ 66.5
Net income (loss) per share - basic   
Income (loss) from continuing operations$ (1.83)$ (0.10)$ (0.27)
Income from discontinued operations0.011.400.43
Net income (loss)(1.82)1.300.16
Net income (loss) per share - diluted   
Income (loss) from continuing operations(1.83)(0.10)(0.27)
Income from discontinued operations0.011.400.43
Net income (loss)$ (1.82)$ 1.30$ 0.16

KAR Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents$ 93.5$ 225.7
Restricted cash65.452.0
Trade receivables, net of allowances of $9.9 and $15.8291.8270.7
Finance receivables, net of allowances of $23.0 and $21.52,282.02,395.1
Other current assets109.278.9
Total current assets2,841.93,022.4
Other assets  
Goodwill1,271.21,464.5
Customer relationships, net of accumulated amortization of $438.5 and $417.3136.1135.9
Other intangible assets, net of accumulated amortization of $475.4 and $406.0181.5231.3
Operating lease right-of-use assets75.984.8
Property and equipment, net of accumulated depreciation of $187.2 and $197.7169.8123.6
Other assets49.957.3
Total other assets1,884.42,097.4
Total assets4,726.35,119.8
Current liabilities  
Accounts payable556.6551.2
Accrued employee benefits and compensation expenses40.531.9
Accrued interest10.17.8
Other accrued expenses75.379.1
Income taxes payable9.86.9
Obligations collateralized by finance receivables1,631.91,677.6
Current maturities of long-term debt154.6288.7
Total current liabilities2,478.82,643.2
Non-current liabilities  
Long-term debt202.4205.3
Deferred income tax liabilities20.954.0
Operating lease liabilities70.479.7
Other liabilities14.36.8
Total non-current liabilities308.0345.8
Commitments and contingencies (Note 19)
Temporary equity  
Series A convertible preferred stock (Note 15)612.5612.5
Stockholders' equity  
Common stock, $0.01 par value: Authorized shares: 400,000,000; Issued and outstanding shares: 108,040,704 (2023) 108,914,678 (2022)1.11.1
Additional paid-in capital738.2743.8
Retained earnings624.4822.9
Accumulated other comprehensive loss(36.7)(49.5)
Total stockholders' equity1,327.01,518.3
Total liabilities, temporary equity and stockholders' equity$ 4,726.3$ 5,119.8

About KAR Auction Services Inc

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 Wed Apr 17 2024, market cap of KAR Auction Services Inc is 1.85 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 Wed Apr 17 2024, KAR's PE ratio (Price to Earnings) is -11.96 and Price to Sales (PS) ratio is 1.13. 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 0.06 (multiply by 100 for percentage) rate of return.