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KAR Auction Services Inc (KAR) [hlAlert]

Rating:
Buy KAR
up 61.56 %

KAR Auction Services Inc (KAR) upgraded to Buy with price target $26 by BB&T Capital Mkts

Posted on: Friday,  May 3, 2013  10:25 AM ET by BB&T Capital Mkts

BB&T Capital Mkts rated Buy KAR Auction Services Inc (NYSE: KAR) on 05/03/2013, when the stock price was $23.00.
Since then, KAR Auction Services Inc has gained 61.57% as of 01/13/2016's recent price of $37.16.
If you would have followed this BB&T Capital Mkts's recommendation on KAR, you would have gained 61.56% of your investment in 985 days.

KAR Auction Services, Inc., formerly KAR Holdings, Inc., is a holding company. The Company is a provider of vehicle auction services in North America. It facilitates auction services for sellers of used, or whole car, vehicles and salvage vehicles, through its 214 physical auction locations and Internet venues. During the year ended December 31, 2009, it facilitated the sale of over 3.3 million used and salvage vehicles. The Company?s revenues are generated, through auction fees from both vehicle buyers and sellers, as well as by providing ancillary services, including inspections, storage, transportation, reconditioning, salvage recovery, titling, and floorplan financing. The Company operates in three business segments: ADESA Auctions (ADESA), Insurance Auto Auctions, Inc. (IAAI) and Automotive Finance Corporation.

BB&T Capital Markets is dedicated to delivering world-class corporate banking, investment banking, and capital markets solutions to commercial clients, corporate clients, and government entities. Our customer focus and team approach, combined with the fast-growing strength and national recognition of BB&T, equip us to build lasting relationships and contribute significantly to the long-term success of each client.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/3/2013 10:25 AM Buy
None
23.00 26.00
as of 12/13/2013
1 Week up  5.90 %
1 Month down  -0.13 %
3 Months up  2.20 %
1 YTD up  24.73 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/9/2012 10:25 AM Hold
None
16.03
1/20/2010 3:25 PM Buy
None
14.99 18.00

(*) Stock Price at the time of the recommendation.
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