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Do Traders Think KAR Auction Services Inc (KAR) Can Keep Climbing Friday?

Friday, February 18, 2022 11:04 AM | InvestorsObserver Analysts

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Do Traders Think KAR Auction Services Inc (KAR) Can Keep Climbing Friday?

The market has been high on KAR Auction Services Inc (KAR) stock recently. KAR gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
KAR Auction Services Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on KAR!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With KAR Stock Today?

KAR Auction Services Inc (KAR) stock is trading at $14.06 as of 11:02 AM on Friday, Feb 18, a loss of -$0.07, or -0.5% from the previous closing price of $14.13. The stock has traded between $13.79 and $14.25 so far today. Volume today is light. So far 600,964 shares have traded compared to average volume of 1,873,505 shares. To see InvestorsObserver's Sentiment Score for KAR Auction Services Inc click here.

More About KAR Auction Services Inc

KAR Auction Services Inc offers a total package for wholesale-used car transactions, from salvage and used-car auctions to a broad range of financial and logistical support. The services comprise financing, repossessions, repairs, transportation, warranty, and inventory services. Kar has three business units in the United States and Canada: Adesa, Insurance Auto Auctions, and Automotive Finance. Adesa operates used-vehicle auctions and offers complete online services for all parties involved. Insurance Auto Auctions is a salvage-auto auction company serving the total-loss needs of insurance companies, lease companies, and rental companies. Automotive Finance provides inventory financing and business services, mainly to independent used-vehicle dealers. Click Here to get the full Stock Report for KAR Auction Services Inc stock.

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