KAR Auction Services WKN: A0YF1W ISIN: US48238T1097 Kürzel: XKR Branche: Informationstechnologie, Internetkommerz

KAR Auction Services - The TOP STOCK in the Auto & Truck Dealerships Industry ? KAR Auction Services Inc is a strong performer in the Auto & Truck Dealerships industry, which has an average overall score of 50. This means that, on average, the stocks in this industry score higher than 50% of the stock market. KAR has been trading neutral recently. The stock is trading down -1.12% this week following yesterday's rise. KAR has an average analyst ranking of Buy with an average price target of $21.

KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading digital marketplace platform for wholesale used vehicles, has reached a definitive agreement pursuant to which Carvana will acquire the company’s ADESA U.S. physical auction business. The all-cash transaction is valued at $2.2 billion and includes all auction sales, operations and staff at 56 ADESA U.S. vehicle logistics centers and exclusive use of the ADESA.com marketplace in the U.S. The agreement is closely aligned with KAR’s digital strategy, and will allow KAR to focus on its portfolio of industry-leading digital marketplaces. Proceeds of the transaction will be utilized to reduce KAR’s corporate debt.

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