On average, analysts expect that KAR Auction Services will report full-year sales of $2.77 billion for the current fiscal year, with estimates ranging from $2.75 billion to $2.79 billion. For the next financial year, analysts forecast that the firm will report sales of $2.88 billion, with estimates ranging from $2.83 billion to $2.91 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover KAR Auction Services.
KAR Auction Services last issued its quarterly earnings results in November. The specialty retailer reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.04). The company had revenue of $701.90 million during the quarter, compared to the consensus estimate of $697.46 million. KAR Auction Services had a return on equity of 16.67% and a net margin of 6.95%. KAR Auction Services’ quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 EPS.
KAR has been the topic of several recent research reports. Zacks Investment Research lowered shares of KAR Auction Services from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. CJS Securities lowered shares of KAR Auction Services from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group lowered shares of KAR Auction Services from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a report on Friday, January 10th.
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