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

Wednesday, August 12, 2020 11:14 AM | InvestorsObserver Analysts

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

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

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With KAR Stock Today?

KAR Auction Services Inc (KAR) stock has gained 3.88% while the S&P 500 has fallen -0.8% as of 11:12 AM on Wednesday, Aug 12. KAR is higher by $0.66 from the previous closing price of $17.03 on volume of 928,162 shares. Over the past year the S&P 500 has gained 15.63% while KAR has fallen -29.04%. KAR earned $0.17 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 101.56.

To see the top 5 stocks in the Specialty Retail industry 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.

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