Keep Your Eyes on This Stock: KAR Auction Services, Inc. (NYSE: KAR)

KAR Auction Services, Inc. (NYSE: KAR) spotted trading -19.58% off 52-week high price. On the other end, the stock has been noted 14.44% away from the low price over the last 52-weeks. The stock changed 0.89% to recent value of $51.91. The stock transacted 584737 shares during most recent day however it has an average volume of 964.71K shares. The company has 134.5M of outstanding shares and 133.88M shares were floated in the market.  

KAR Auction Services, Inc. (NYSE: KAR) publicized the launch of a pilot program for its Data as a Service (DaaS) suite of capabilities during the Auto Intel Council news conference at NADA Show 2019. Powered by DRIVIN, acquired by KAR in 2017, these new DaaS capabilities leverage data and technology from across the KAR platform and use proprietary algorithms to deliver clear, easy, actionable intelligence to dealers. By integrating data science, predictive analytics and machine learning into the dealer remarketing process, dealers can save time and may increase sales margins and cash flow.       

KAR’s ADESA business unit, which operates more than 75 physical and online auction marketplaces, is piloting the new technology with a major East Coast dealer group representing nine OEM franchises. KAR DaaS capabilities can offer actionable analytics for dealer customers — saving them time and money. Currently in pilot with several dealers, KAR is providing lot analysis reports with data and recommendations specific to their dealership and more specifically to the individual vehicle.

Dealers participating in the pilot get a holistic snapshot of what is in demand, the vehicles that could provide the best return on investment and how to best dispose of less desirable vehicles — all specifically relevant to their individual rooftop. KAR provides the pilot program dealers with lot-specific reports containing inventory segmentation analyses, purchase recommendations and remarketing advice — giving dealers targets for the best vehicle mix, propensity to sell and optimal disposal channel. As the pilot continues, KAR is fine-tuning the reporting and algorithms based on feedback from pilot program dealers, sales information and market reports.  

 Its earnings per share (EPS) expected to touch remained 22.60% for this year while earning per share for the next 5-years is expected to reach at 8.80%. KAR has a gross margin of 43.10% and an operating margin of 16.20% while its profit margin remained 11.60% for the last 12 months. 

 According to the most recent quarter its current ratio was 1.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 6.92% from the mean of 20 days, 0.26% from mean of 50 days SMA and performed -7.34% from mean of 200 days price. Company’s performance for the week was 2.53%, 11.13% for month and YTD performance remained 8.78%.

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