KAR Auction Services, Inc. (KAR) EPS Estimated At $0.74; Danaos (DAC) SI Decreased By 33.38%

April 17, 2018 - By Clifton Ray

Danaos Corporation (NYSE:DAC) Logo

Analysts expect KAR Auction Services, Inc. (NYSE:KAR) to report $0.74 EPS on May, 8.They anticipate $0.12 EPS change or 19.35% from last quarter’s $0.62 EPS. KAR’s profit would be $99.47 million giving it 18.10 P/E if the $0.74 EPS is correct. After having $0.63 EPS previously, KAR Auction Services, Inc.’s analysts see 17.46% EPS growth. The stock decreased 0.37% or $0.2 during the last trading session, reaching $53.57. About 316,873 shares traded. KAR Auction Services, Inc. (NYSE:KAR) has risen 22.53% since April 17, 2017 and is uptrending. It has outperformed by 10.98% the S&P500.

Danaos Corporation (NYSE:DAC) had a decrease of 33.38% in short interest. DAC’s SI was 51,100 shares in April as released by FINRA. Its down 33.38% from 76,700 shares previously. With 25,900 avg volume, 2 days are for Danaos Corporation (NYSE:DAC)’s short sellers to cover DAC’s short positions. The SI to Danaos Corporation’s float is 0.12%. The stock increased 4.76% or $0.05 during the last trading session, reaching $1.1. About 55,966 shares traded or 26.84% up from the average. Danaos Corporation (NYSE:DAC) has declined 28.57% since April 17, 2017 and is downtrending. It has underperformed by 40.12% the S&P500.

Among 12 analysts covering KAR Auction Services (NYSE:KAR), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. KAR Auction Services had 31 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, October 12 by Jefferies. On Friday, August 21 the stock rating was upgraded by Zacks to “Hold”. Goldman Sachs downgraded the shares of KAR in report on Friday, February 12 to “Neutral” rating. Jefferies maintained the stock with “Buy” rating in Wednesday, July 19 report. The company was maintained on Monday, March 19 by JP Morgan. The company was maintained on Monday, September 11 by Jefferies. The stock of KAR Auction Services, Inc. (NYSE:KAR) earned “Hold” rating by Zacks on Thursday, August 27. JP Morgan maintained the shares of KAR in report on Monday, October 30 with “Overweight” rating. The firm has “Hold” rating given on Thursday, November 2 by Gabelli. Stephens maintained the shares of KAR in report on Tuesday, January 16 with “Hold” rating.

KAR Auction Services, Inc., together with its subsidiaries, provides vehicle auction services in the United States, Canada, Mexico, and the United Kingdom. The company has market cap of $7.20 billion. It operates in three divisions: ADESA Auctions, IAA, and AFC. It has a 20.45 P/E ratio. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.

KAR Auction Services, Inc. (NYSE:KAR) Institutional Positions Chart

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