KAR Announces Agreement to Acquire Brasher's Auto Auctions and Expansion of Its Senior Secured Revolving Credit Facility
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Sterne Agee CRT Remains Bullish on Kar Auction Services (KAR); Earnings Growth Limited by FX and Acquisition Costs
February 19, 2016 8:15 AM ESTSterne Agee CRT maintained a Buy rating on Kar Auction (NYSE: KAR), and cut the price target to $46.00 (from $50.00), following the company's 4Q earnings report. Despite strong volume trends in 4Q15, earnings growth was limited by unfavorable currency, acquisition costs and higher ancillary service mix,... More
Kar Auction Services (KAR) Tops Q4 EPS by 3c
February 17, 2016 4:51 PM ESTKar Auction Services (NYSE: KAR) reported Q4 EPS of $0.45, $0.03 better than the analyst estimate of $0.42. Revenue for the quarter came in at $682.2 million versus the consensus estimate of $658.27 million.
GUIDANCE:
Kar Auction Services sees FY2016 EPS of $2.05-$2.20, versus the... More
