KAR Auction Services, Inc. Reports First Quarter 2016 Financial Results

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Go back to KAR Auction Services, Inc. Reports First Quarter 2016 Financial Results

Jefferies Raises Price Target on Kar Auction Services (KAR) Following 1Q EPS Beat

May 5, 2016 9:27 AM EDT

Jefferies reiterated a Buy rating on Kar Auction Services (NYSE: KAR), and raised the price target to $47.00 (from $45.00), following the company's 1Q earnings report. KAR reported adjusted EPS of $0.55, above consensus estimates of $0.50. Solid volume expansion and a higher RPU drove the beat.... More

Kar Auction Services (KAR) Tops Q1 EPS by 6c, Updates FY Guidance

May 3, 2016 4:51 PM EDT

Kar Auction Services (NYSE: KAR) reported Q1 EPS of $0.55, $0.06 better than the analyst estimate of $0.49. Revenue for the quarter came in at $745 million versus the consensus estimate of $693.18 million.

GUIDANCE:

Kar Auction Services sees FY2016 EPS of $2.03-$2.18, versus the... More