Should You Buy KAR Auction Services Inc (KAR) Stock on Thursday?

KAR Auction Services Inc (KAR) stock has fallen 7.24% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

KAR Auction Services Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on KAR!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With KAR Stock Today?

KAR Auction Services Inc (KAR) stock is trading at $14.36 as of 1:41 PM on Thursday, Sep 1, a drop of -$0.23, or -1.58% from the previous closing price of $14.59. The stock has traded between $14.25 and $14.51 so far today. Volume today is 942,037 compared to average volume of 1,028,900.

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 two business units in the United States and Canada: Adesa, and Automotive Finance. Adesa operates used-vehicle auctions and offers complete online services for all parties involved. 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.