|
Price: $20.1000
$-0.09 
-0.446%
|
| Day's High:
| $20.52
| Week Perf:
| 1.16 %
|
| Day's Low: |
$ 20.01 |
30 Day Perf: |
-3.13 % |
| Volume (M): |
315 |
52 Wk High: |
$ 20.85 |
| Volume (M$): |
$ 6,338 |
52 Wk Avg: |
$17.23 |
| Open: |
$20.52 |
52 Wk Low: |
$12.86 |
|
|
| Market Capitalization (Millions $) |
4,757 |
| Shares
Outstanding (Millions) |
237 |
| Employees |
2,000 |
| Revenues (TTM) (Millions $) |
1,688 |
| Net Income (TTM) (Millions $) |
72 |
| Cash Flow (TTM) (Millions $) |
9 |
| Capital Exp. (TTM) (Millions $) |
51 |
Openlane Inc
KAR Auction Services, Inc. is a global vehicle remarketing company based in Carmel, Indiana, United States. The company was founded in 2006 and has since grown to become one of the world's largest wholesale vehicle auction companies. KAR Auction Services, Inc. provides a full spectrum of services to its clients, including financing, transportation, and warehousing.
KAR Auction Services, Inc. operates in three main business units: ADESA Auctions, Insurance Auto Auctions, and Automotive Finance Corporation. ADESA Auctions is a leading provider of vehicle auctions and related services in North America. Insurance Auto Auctions is a leading provider of salvage vehicle auctions and related services in North America. Automotive Finance Corporation provides inventory financing and related services to vehicle dealers in North America.
KAR Auction Services, Inc. has a diverse customer base, including vehicle manufacturers, insurance companies, rental car companies, fleet and lease companies, and dealers. The company operates more than 75 auction locations in North America and Europe, and sells more than5 million vehicles annually.
In addition to its core business, KAR Auction Services, Inc. has made significant investments in technology and innovation. The company has introduced innovative digital auction platforms that enable buyers and sellers to conduct business remotely. KAR Auction Services, Inc. has also invested in data analytics, machine learning, and artificial intelligence to improve its services and enhance customer experiences.
KAR Auction Services, Inc. is committed to sustainable business practices and has implemented programs to reduce its environmental footprint. The company has also established a foundation to support charitable organizations in the communities where it operates.
In summary, KAR Auction Services, Inc. is a global leader in vehicle remarketing, offering a broad range of services to diverse customer groups across North America and Europe. The company has a strong commitment to innovation, sustainability, and philanthropy.
Company Address: 11299 N. Illinois Street Carmel 46032 IN
Company Phone Number: 923-3725 Stock Exchange / Ticker: NYSE KAR
|
|
|
|
|
|
|
| Stock Performances by Major Competitors |
|
|
|
| Openlane Inc
Openlane Inc, a leading operator of digital marketplaces for wholesale used vehicles, has seen its shares decline by 0% over the course of May. Despite this decrease, the share price has still managed to increase by 1.69% during the second quarter of 2024. On the other hand, KAR shares are gaining momentum and are just 1.4% shy of reaching its 52-week high of $17.7.
The decline in Openlane Inc shares can be attributed to a fall in revenue in the fiscal first quarter of 2024. However, the company managed to raise its earnings per share, with net profit per share soaring by 400% to $0.05 per share. This is a significant improvement from the previous reporting period, where profit plummeted to $0.14 per share. Despite the decline in revenue by -1.022% to $416.30 million year on year, the company saw an increase in net earnings to $18.500 million, marking a 45.67% improvement from the previous year.
|
| Openlane Inc
In the highly dynamic world of stock markets, it is crucial to stay up-to-date with the latest financial results and industry trends. In this article, we delve into KAR's perplexing earnings results from the October to December 31, 2023 three-month period. We will also examine how Openlane Inc, a subsidiary of KAR, experienced a slower business surge compared to its peers in the Automotive Aftermarket industry. Additionally, we will explore some interesting facts about KAR's revenue and net profit per share.
KAR's Earnings Results
During the October to December 31, 2023 period, KAR witnessed a significant improvement in its net profit per share, soaring by 109.99% to $0.14 per share. This impressive growth showcases the company's ability to generate higher returns for its shareholders. Moreover, KAR observed a moderate increase in revenue by 4.962% to $391.30 million compared to the same reporting period a year ago.
|
| Openlane Inc
Openlane Inc, a leading player in the automotive aftermarket industry, has seen a solid gain of 7.69% in its stock over the last five trading days. This positive movement in stock price comes as welcome news for shareholders and investors. In contrast, another company in the same industry, KAR stock, has experienced a drop of -4.91% over the past 30 days.
Openlane Inc's stock is currently trading 17% above its 52-week low, indicating a favorable trend for the company. This rise in stock value can be attributed to the company's performance in the fiscal third quarter of 2023.
|
| Openlane Inc
Kar Auction Services Inc, a leading player in the automotive aftermarket industry, has recently reported mixed financial results for the interval closing June 30, 2023. While the company witnessed a decline in earnings per share and accounts receivable, it achieved revenue advancement and maintained a strong performance year to date. This article aims to analyze the implications of these financial results on the future prospects of Kar Auction Services Inc.
1. Decrease in Earnings and Revenue:
In the financial interval closing June 30, 2023, Kar Auction Services Inc experienced a substantial decline in earnings per share, slipping into a loss of $-1.87 per share compared to $1.28 reported in the same quarter the previous year. Additionally, the company's revenue for the corresponding quarter only witnessed a marginal increase of 8.511%, reaching $416.90 million. When compared sequentially, revenue decreased by -0.88% from $420.60 million.
|
| Kar Auction Services Inc
The recent financial performance results of Kar Auction Services Inc (KAR) indicate some concerning trends for investors who may be looking to bet on this company. While the company managed to achieve a return on average invested assets (ROI) of 9.96% in its first quarter of 2023, this is still below the average return on investment of 82 other companies within the Retail sector. Furthermore, KAR's total ranking for ROI has also deteriorated compared to the previous quarter, dropping from 1228 to 2898. These trends may signal that KAR is struggling to compete with its peers and may not be the best choice for investors looking for high returns.
Despite the slight improvement in ROI, KAR's net income has gradually deteriorated. This could be an alarming situation for potential investors as decreasing net income usually results in a falling share price. In light of this, investors may want to carefully evaluate the company's financial position and future outlook before deciding to invest.
|
| Per Share |
Current |
| Earnings (TTM) |
0.31 $ |
| Revenues (TTM) |
7.13 $
|
| Cash Flow (TTM) |
0.04 $ |
| Cash |
0.68 $
|
| Book Value |
5.61 $
|
| Dividend (TTM) |
0 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
0.31 $
|
| Revenues (TTM) |
7.13 $ |
| Cash Flow (TTM) |
0.04 $ |
| Cash |
0.68 $
|
| Book Value |
5.61 $ |
| Dividend (TTM) |
0 $ |
|
|
| |
| Marketplace |
|
 79.01 % |
of total Revenue |
| Finance |
|
20.99 % |
of total Revenue |
| U S |
|
56.18 % |
of total Revenue |
| Foreign |
|
43.82 % |
of total Revenue |
|
|
2.28% 