KAR Auction Services, Inc (NYSE:KAR) is expected to report third quarter earnings results, after market close, on Tuesday 3rd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.27 per share.
Looking ahead, the full year income are expected at $ 0.71 per share on the revenues of $ 2351.44 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.28 ~ $ 1.38 per share
Click Here For More Historical Outlooks Of KAR Auction Services, Inc
Previous Quarter Performance
KAR Auction Services, Inc unwinded income for the second quarter of $ 0.08 per share, from the revenue of $ 419.00 million. According to street consensus, KAR was expected to report 2Q20 loss of $ 0.14 per share from revenue of $ 415.73 million. The bottom line results beat street analysts by $ 0.22 or 157.14 percent, at the same time, top line results outshined analysts by $ 3.27 million or 0.79 percent.
Stock Performance
Shares of KAR Auction Services, Inc traded up $ 0.92 or 6.32 percent on Monday, reaching $ 15.48 with volume of 2.31 million shares. KAR Auction Services, Inc has traded high as $ 15.55 and has cracked $ 14.48 on the downward trend
The closing price of $ 15.48, representing a 54.73 % increase from the 52 week low of $ 9.41 and a 43.96 % decrease over the 52 week high of $ 25.98.
The company has a market capital of $ 2.00 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Recent Analyst recommendations
- On 1st October 2020, upgraded by Stephens to Overweight from Equal-Weight rating.
KAR Auction Services, Inc., together with its subsidiaries, provides used car auction and salvage auction services in the United States, Canada, Mexico, and the United Kingdom. The company operates through three segments: ADESA Auctions, IAA, and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.
