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KAR Auction Services Inc (KAR) [hlAlert]

Rating:
Buy KAR
up 34.98 %

KAR Auction Services Inc (KAR) rated Buy by BofA/Merrill

Posted on: Monday,  Aug 12, 2013  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Buy KAR Auction Services Inc (NYSE: KAR) on 08/12/2013, when the stock price was $27.53. Since
then, KAR Auction Services Inc has gained 34.98% as of 01/13/2016's recent price of $37.16.
If you would have followed this BofA/Merrill's recommendation on KAR, you would have gained 34.98% of your investment in 884 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.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/12/2013 8:25 AM Buy
None
27.53
as of 12/13/2013
1 Week up  5.90 %
1 Month down  -0.13 %
3 Months up  2.20 %
1 YTD up  4.21 %

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