Kar Auction Services (KAR) Tops Q1 EPS by 6c, Updates FY Guidance
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Jefferies Raises Price Target on Kar Auction Services (KAR) Following 1Q EPS Beat
May 5, 2016 9:27 AM EDTJefferies 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
