Barrington analyst Gary Prestopino maintained a Buy rating on Kar Auction Services (NYSE:KAR) Inc on Monday, setting a price target of $25, which is approximately 65.23% above the present share price of $15.13.
Prestopino expects Kar Auction Services Inc to post earnings per share (EPS) of $0.02 for the third quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in Kar Auction Services, with an average price target of $21.
The analysts price targets range from a high of $25 to a low of $18.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $645.5 million and a net profit of $40.8 million. The company's market cap is $1.96 billion.
According to TipRanks.com, Barrington analyst Gary Prestopino is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.3% and a 45.96% success rate.
KAR Auction Services, Inc. engages in the provision of used car auction services and salvage auction services in North America and the United Kingdom. It operates through the following three segments: ADESA Auctions and Automotive Finance Corporation (AFC). The ADESA segment provides whole care auctions and related services to the vehicle remarketing industry in North America. The AFC segment provides floor plan financing to independent used vehicle dealers. The company was founded on November 9, 2006 and is headquartered in Carmel, IN.