KAR Auction Services, Inc. Announces Participation in Upcoming Investor Conference
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Sterne Agee CRT Raises Price Target on Kar Auction Services (KAR) Following 2Q
August 5, 2015 8:46 AM EDTSterne Agee CRT reiterated a Buy rating on Kar Auction (NYSE: KAR), and raised the price target to $50.00 (from $49.00), following 2Q15 results. Analyst Ali Faghri expects improved flow-through in 2H15 as acquisition costs and FX headwinds moderate.
Faghri commented, "KAR's 2Q15 results... More
