KAR Auction Services Inc (NYSE:KAR) traded at a new 52-week high today of $22.10. Approximately 8.6 million shares have changed hands today, as compared to an average 30-day volume of 2 million shares.
KAR Auction Services Inc offers a total package for wholesale-used car transactions, from salvage and used-car auctions to a broad range of financial and logistical support. The services comprise financing, repossessions, repairs, transportation, warranty, and inventory services. Kar has three business units in the United States and Canada: Adesa, Insurance Auto Auctions, and Automotive Finance. Adesa operates used-vehicle auctions and offers complete online services for all parties involved. Insurance Auto Auctions is a salvage-auto auction company serving the total-loss needs of insurance companies, lease companies, and rental companies. Automotive Finance provides inventory financing and business services, mainly to independent used-vehicle dealers.
In the past 52 weeks, shares of KAR Auction Services Inc have traded between a low of $11.76 and a high of $22.10 and is now at $18.64, which is 59% above that low price.
KAR Auction Services Inc (NYSE:KAR) defies analysts with a current price ($18.64) 26.5% above its average consensus price target of $13.70.
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