With 0.83 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.71 million shares. The 52-week range on KAR shows that it touched its highest point at $21.93 and its lowest point at $14.73 during that stretch. It currently has a 1-year price target of $22.43. Beta for the stock currently stands at 1.55.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KAR was up-trending over the past week, with a rise of 6.68%, but this was up by 2.69% over a month. Three-month performance surged to 7.91% while six-month performance rose 21.51%. The stock gained 42.16% in the past year, while it has gained 7.91% so far this year. A look at the trailing 12-month EPS for KAR yields 0.46 with Next year EPS estimates of 1.18. For the next quarter, that number is 0.21. This implies an EPS growth rate of 10.98% for this year and 25.35% for next year.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KAR since 2 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.85507 being high and $0.83495 being low. For KAR, this leads to a yearly average estimate of $0.84501. Based on analyst estimates, the high estimate for the next quarter is $0.25 and the low estimate is $0.16. The average estimate for the next quarter is thus $0.23.
