KAR Auction Services, Inc., together with its subsidiaries, provides used vehicle auctions and related vehicle remarketing services for the automotive industry in the United States, Europe, Canada, Mexico, and the United Kingdom. The company operates through two segments, ADESA Auctions and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities. It also provides value-added services, such as auction related, transportation, reconditioning, inspection, title and repossession administration and remarketing, vehicle research, and analytical services, as well as data as a service. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. As of December 31, 2020, this segment had a network of 74 whole car auction facilities in North America. The AFC segment offers floorplan financing, a short-term inventory-secured financing to independent used vehicle dealers; and sells vehicle service contracts. The company provides wheel repair and hail catastrophe response services. It serves vehicle manufacturers, vehicle rental companies, financial institutions, commercial fleets and fleet management companies, and dealer customers. The company was formerly known as KAR Holdings, Inc. and changed its name to KAR Auction Services, Inc. in November 2009. KAR Auction Services, Inc. was founded in 2006 and is headquartered in Carmel, Indiana.
IPO Year: 2009
Exchange: NYSE
Website: karglobal.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/27/2025 | $23.00 → $20.00 | Overweight → Neutral | Analyst |
| 2/28/2025 | $20.00 → $26.00 | Equal-Weight → Overweight | Stephens |
| 1/22/2025 | $20.00 | Equal-Weight | Stephens |
| 4/10/2024 | $16.00 → $20.00 | Underperform → Neutral | BofA Securities |
| 1/9/2023 | $23.00 → $17.00 | Buy → Underperform | BofA Securities |
| 5/4/2022 | $20.00 | Market Perform → Market Outperform | CJS Securities |
| 2/28/2022 | $20.00 | Buy → Neutral | Northcoast |
| 2/25/2022 | Sell → Neutral | Guggenheim |
4 - OPENLANE, Inc. (0001395942) (Issuer)
4 - OPENLANE, Inc. (0001395942) (Issuer)
Analyst downgraded OPENLANE from Overweight to Neutral and set a new price target of $20.00 from $23.00 previously
Stephens upgraded OPENLANE from Equal-Weight to Overweight and set a new price target of $26.00 from $20.00 previously
Stephens initiated coverage of OPENLANE with a rating of Equal-Weight and set a new price target of $20.00
BofA Securities upgraded OPENLANE from Underperform to Neutral and set a new price target of $20.00 from $16.00 previously
BofA Securities downgraded KAR Auction Services from Buy to Underperform and set a new price target of $17.00 from $23.00 previously
CJS Securities upgraded KAR Auction Services from Market Perform to Market Outperform and set a new price target of $20.00
Northcoast downgraded KAR Auction Services from Buy to Neutral and set a new price target of $20.00
Guggenheim upgraded KAR Auction Services from Sell to Neutral
BofA Securities upgraded KAR Auction Services from Underperform to Buy and set a new price target of $26.00 from $15.00 previously
B of A Securities upgraded KAR Auction Services from Neutral to Buy