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KAR Auction Services (NYSE:KAR)’s share price hit a new 52-week high during mid-day trading on Wednesday , Stock Ratings Network reports. The company traded as high as $32.30 and last traded at $32.17, with a volume of 163,283 shares traded. The stock had previously closed at $32.17.

Separately, analysts at Ned Davis Research upgraded shares of KAR Auction Services from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $32.56.

The stock’s 50-day moving average is $30.93 and its 200-day moving average is $30.00. The company has a market cap of $4.518 billion and a price-to-earnings ratio of 76.41.

KAR Auction Services (NYSE:KAR) last released its earnings data on Monday, May 5th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.04. The company had revenue of $583.80 million for the quarter, compared to the consensus estimate of $581.95 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts expect that KAR Auction Services will post $1.42 EPS for the current fiscal year.

In other KAR Auction Services news, Insider Thomas J. Caruso sold 8,075 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $31.68, for a total value of $255,816.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

KAR Auction Services, Inc, is a provider of vehicle auction services in North America. The Company operates in three business segments: ADESA, Inc (NYSE:KAR), Insurance Auto Auctions, Inc (IAAI) and Automotive Finance Corporation (AFC).

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