Why OPENLANE (KAR) is Poised to Beat Earnings Estimates Again
- OPENLANE (KAR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 04/24/2024
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OPENLANE (KAR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- OPENLANE (KAR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/24/2024
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OPENLANE to Announce First Quarter 2024 Earnings
- CARMEL, Ind. , April 16, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its first quarter 2024 financial results after the market closes on Wednesday, May 1, 2024.
- 04/16/2024
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Play Likely Earnings Beat With 5 Top-Ranked Stocks
- Top-ranked stocks Deckers Outdoor (DECK), Five9 (FIVN), Openlane Inc (KAR), Air Lease (AL) and NVIDIA (NVDA) are likely to beat on the bottom line in their upcoming releases.
- 04/03/2024
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OPENLANE (KAR) Just Flashed Golden Cross Signal: Do You Buy?
- From a technical perspective, OPENLANE, Inc. (KAR) is looking like an interesting pick, as it just reached a key level of support. KAR's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
- 03/26/2024
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KAR vs. MBLY: Which Stock Is the Better Value Option?
- Investors interested in Automotive - Original Equipment stocks are likely familiar with OPENLANE (KAR) and Mobileye Global (MBLY). But which of these two stocks presents investors with the better value opportunity right now?
- 03/25/2024
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Are Auto-Tires-Trucks Stocks Lagging OPENLANE, Inc. (KAR) This Year?
- Here is how OPENLANE (KAR) and Xos, Inc. (XOS) have performed compared to their sector so far this year.
- 03/15/2024
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OPENLANE Announces Participation in Upcoming Investor Conference
- CARMEL, Ind. , March 14, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will participate in the BofA Securities Automotive Summit 2024 on Wednesday, Mar. 27, 2024, at 8:50am ET.
- 03/14/2024
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All You Need to Know About OPENLANE (KAR) Rating Upgrade to Strong Buy
- OPENLANE (KAR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 03/06/2024
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Is OPENLANE, Inc. (KAR) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
- Here is how OPENLANE (KAR) and Mercedes-Benz Group AG (MBGAF) have performed compared to their sector so far this year.
- 02/28/2024
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OPENLANE Announces Retirement of Mike Eliason, Treasurer and Vice President of Investor Relations
- Nationwide Search to Identify Successor; EVP and CFO Brad Lakhia to Assume Treasurer Role CARMEL, Ind., Feb. 27, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announced that Mike Eliason, Treasurer and Vice President of Investor Relations, is retiring after more than 25 years at the company, effective June 1, 2024.
- 02/27/2024
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OPENLANE (KAR) Shows Fast-paced Momentum But Is Still a Bargain Stock
- OPENLANE (KAR) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 02/26/2024
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OPENLANE, Inc. (KAR) Q4 2023 Earnings Call Transcript
- OPENLANE, Inc. (KAR) Q4 2023 Earnings Call Transcript
- 02/20/2024
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OPENLANE (KAR) Surpasses Q4 Earnings Estimates
- OPENLANE (KAR) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.33 per share a year ago.
- 02/20/2024
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OPENLANE, Inc. Reports 2023 Financial Results
- CARMEL, Ind. , Feb. 20, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), today reported its fourth quarter and annual financial results for the period ended December 31, 2023.
- 02/20/2024
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OPENLANE Promotes Will Mitchell to Lead AFC
- Incoming President Brings 20 Years of Operational and Strategic Expertise CARMEL, Ind. , Feb. 13, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the promotion of Will Mitchell to president of AFC effective April 1, 2024.
- 02/13/2024
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OPENLANE Announces Participation in Upcoming Investor Conference
- CARMEL, Ind. , Nov. 22, 2023 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will participate in the Barclays Global Automotive and Mobility Tech Conference on Wednesday, November 29, 2023 at 9:20am ET.
- 11/22/2023
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Wall Street Analysts Predict a 27.6% Upside in OPENLANE (KAR): Here's What You Should Know
- The consensus price target hints at a 27.6% upside potential for OPENLANE (KAR). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 11/10/2023
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OPENLANE Announces Participation in Upcoming Investor Conferences
- CARMEL, Ind. , Nov. 9, 2023 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces participation in the following conferences: RBC Global Technology, Internet, Media and Telecommunications Conference on Tuesday, November 14, 2023 at 3:20 p.m.
- 11/09/2023
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OPENLANE, Inc. (KAR) Q3 2023 Earnings Call Transcript
- OPENLANE, Inc. (NYSE:KAR ) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Michael Eliason - Treasurer and VP, IR Peter Kelly - CEO Brad Lakhia - EVP and CFO Conference Call Participants Craig Kennison - Baird Gary Prestopino - Barrington Research Lee Jagoda - CJS Securities Bret Jordan - Jefferies Rajat Gupta - JPMorgan Daniel Imbro - Stephens Operator Good day, and welcome to the OPENLANE Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note today's event is being recorded.
- 11/01/2023
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OPENLANE, Inc. (KAR) Q2 2023 Earnings Call Transcript
- OPENLANE, Inc. (NYSE:KAR ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Mike Eliason - Treasurer and VP, IR Peter Kelly - CEO Brad Lakhia - EVP and CFO Conference Call Participants Rajat Gupta - JPMorgan John Murphy - Bank of America Bob Labick - CJS Securities Bret Jordan - Jefferies Daniel Imbro - Stephens Operator Good morning, and welcome to the OPENLANE Second Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode.
- 08/04/2023
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OPENLANE Announces Participation in Upcoming Investor Conference
- CARMEL, Ind., Aug. 4, 2023 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will participate in the J.P.
- 08/04/2023
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OPENLANE (KAR) Beats Q2 Earnings Estimates
- OPENLANE (KAR) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to loss of $0.04 per share a year ago.
- 08/02/2023
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OPENLANE to Announce Second Quarter 2023 Earnings
- CARMEL, Ind. , July 20, 2023 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its second quarter 2023 financial results after the market closes on Wednesday, August 2, 2023.
- 07/20/2023
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For Investors, Boring Can Be Wonderful
- "A company that does boring things is almost as good as a company that has a boring name, and both together is terrific." -- Peter Lynch
- 04/29/2023
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KAR Auction Services, Inc. (KAR) Q4 2022 Earnings Call Transcript
- KAR Auction Services, Inc. (NYSE:KAR ) Q4 2022 Earnings Conference Call February 22, 2023 8:30 AM ET Company Participants Mike Eliason - Treasurer & VP IR Peter Kelly - CEO Scott Anderson - CFO Conference Call Participants John Murphy - Bank of America Rajat Gupta - JP Morgan Gary Prestopino - Barrington Research Peter Lucas - CJS Securities Operator Good morning and welcome to the KAR Auction Services Inc. 2022 Year End Earnings Conference Call. All participants will be in a listen-only mode [Operator Instructions].
- 02/22/2023
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KAR Auction Services (KAR) Q4 Earnings and Revenues Surpass Estimates
- KAR Auction Services (KAR) delivered earnings and revenue surprises of 83.33% and 3.16%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/21/2023
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KAR Auction Services, Inc. to Announce Fourth Quarter and Full Year 2022 Earnings
- CARMEL, Ind. , Feb. 8, 2023 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its fourth quarter and full year 2022 financial results after the market closes on Tuesday, February 21, 2023.
- 02/08/2023
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KAR Auction Services: Cheap Enough To Be Worth The Risk
- KAR Auction Services has posted some promising financial data as of late, with sales, profits, and cash flows all improving year-over-year. There have been some signs of pain recently, and that trend will likely worsen from here.
- 01/18/2023
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Top Wall Street analysts pick these stocks to bet on during the market's uncertainty
- TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including AMD & Chegg
- 11/06/2022
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KAR Auction Services (KAR) Misses Q3 Earnings and Revenue Estimates
- KAR Auction Services (KAR) delivered earnings and revenue surprises of -66.67% and 0.01%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 11/01/2022
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KAR Auction Services, Inc. to Announce Third Quarter 2022 Earnings
- CARMEL, Ind. , Oct. 18, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its third quarter 2022 financial results after the market closes on Tuesday, November 1, 2022.
- 10/18/2022
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KAR Auction Services: Worth Getting Revved Up Over
- KAR Auction Services has undergone a lot of changes lately, the largest being a sizable assets divestiture. The company is now de-risked and looks attractive in most respects, particularly from a debt perspective.
- 10/04/2022
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New Strong Sell Stocks for October 3rd
- CVE, NKE and KAR have been added to the Zacks Rank #5 (Strong Sell) List on October 3, 2022.
- 10/03/2022
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KAR Auction Services' (KAR) CEO Peter Kelly on Q2 2022 Results - Earnings Call Transcript
- KAR Auction Services, Inc. (NYSE:KAR ) Q2 2022 Earnings Conference Call August 3, 2022 8:30 AM ET Company Participants Mike Eliason - VP, IR & Treasurer Peter Kelly - CEO Eric Loughmiller - CFO Conference Call Participants John Murphy - Bank of America Bob Labick - CJS Securities Bret Jordan - Jefferies Daniel Imbro - Stephens Operator Good morning, and welcome to the Q2 FY2022 Earnings Conference Call of KAR Auction Services, Inc. All participants will be in listen-only mode. [Operator Instructions].
- 08/03/2022
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KAR Auction Services, Inc. to Announce Second Quarter 2022 Earnings
- CARMEL, Ind. , July 20, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its second quarter 2022 financial results after the market closes on Tuesday, August 2, 2022.
- 07/20/2022
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KAR Auction Services: 'New' KAR On Offer At A Bargain Price
- KAR Auction Services hosted an investor update outlining its updated guidance numbers post-sale of its physical auction business. With secular growth and margin tailwinds intact over the long term and the financing arm also holding up well, there is a lot to be optimistic about.
- 07/13/2022
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6 Tech Stocks That Insiders Are Buying Big Time
- These six tech stocks have recently had insider buying and have approved share buybacks -- both hugely bullish signs. The post 6 Tech Stocks That Insiders Are Buying Big Time appeared first on InvestorPlace.
- 06/10/2022
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7 Cheap Stocks Under $20 That Could Double Soon
- There are 226 stocks in the S&P 1500 that trade for less than $20. These seven cheap stocks under $20 make the cut.
- 06/07/2022
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KAR Auction Services, Inc. (KAR) CEO Peter Kelly on Q1 2022 Results - Earnings Call Transcript
- KAR Auction Services, Inc. (NYSE:KAR ) Q1 2022 Earnings Conference Call May 4, 2022 8:30 AM ET Company Participants Peter Kelly – Chief Executive Officer Michael Eliason – Treasurer and Vice President, Investor Relations Eric Loughmiller – Chief Financial Officer Conference Call Participants Rajat Gupta – JPMorgan Aileen Smith – Bank of America Gary Prestopino – Barrington Research Bret Jordan – Jefferies Bob Labick – CJS Securities Daniel Imbro – Stephens Inc. Ali Faghri – Guggenheim Partners Operator Good morning. Thank you for standing by.
- 05/04/2022
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KAR Auction Services (KAR) Reports Q1 Loss, Lags Revenue Estimates
- KAR Auction Services (KAR) delivered earnings and revenue surprises of -113.33% and 35.64%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 05/03/2022
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Why KAR Auction Services (KAR) is Poised to Beat Earnings Estimates Again
- KAR Auction Services (KAR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 04/28/2022
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KAR Auction Services (KAR) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
- KAR Auction Services (KAR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/26/2022
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KAR Auction Services, Inc. to Announce First Quarter 2022 Earnings
- CARMEL, Ind. , April 19, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its first quarter 2022 financial results after the market closes on Tuesday, May 3, 2022.
- 04/19/2022
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KAR Auction Services (KAR) Stock: Why It Increased
- The KAR Auction Services Inc (NYSE: KAR) stock increased by 38.35% in the most recent trading session. This is why.
- 02/26/2022
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KAR Auction Services, Inc. (KAR) CEO Peter Kelly on Q4 2021 Results - Earnings Call Transcript
- KAR Auction Services, Inc. (KAR) CEO Peter Kelly on Q4 2021 Results - Earnings Call Transcript
- 02/17/2022
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KAR Auction Services (KAR) Surpasses Q4 Earnings and Revenue Estimates
- KAR Auction Services (KAR) delivered earnings and revenue surprises of 120% and 5.31%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 02/16/2022
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KAR Auction Services, Inc. to Announce Fourth Quarter and Full Year 2021 Earnings
- CARMEL, Ind., Feb. 11, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its fourth quarter and full year 2021 financial results after the market closes on Wednesday, February 16, 2022.
- 02/11/2022
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KAR Global Announces Participation in Upcoming Investor Conference
- CARMEL, Ind., Nov. 29, 2021 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference: UBS Global TMT Virtual Conference KAR's Executive Vice President and Chief Financial Officer, Eric Loughmiller and Treasurer and Vice President Investor Relations, Mike Eliason will be participating on Monday, December 6, 2021, at 3:00pm Eastern Webcast of the presentation will be made available under the investor relations section of the company's website, karglobal.com.
- 11/29/2021
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KAR Global Announces Participation in Upcoming Investor Conference
- CARMEL, Ind., Nov. 23, 2021 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference: BofA Securities Leveraged Finance Conference KAR's Executive Vice President and Chief Financial Officer, Eric Loughmiller and Treasurer and Vice President Investor Relations, Mike Eliason will be participating on Tuesday, November 30, 2021, at 9:00am Eastern Webcast of the presentation will be made available under the investor relations section of the company's website, karglobal.com.
- 11/23/2021
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KAR Global Announces Participation in Upcoming Investor Conference
- CARMEL, Ind., Nov. 22, 2021 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference: Stephens Annual Investment Conference KAR's Executive Vice President and Chief Financial Officer, Eric Loughmiller and Treasurer and Vice President Investor Relations, Mike Eliason will be participating on Monday, November 29, 2021 at 11:00am Eastern Webcast of the presentation will be made available under the investor relations section of the company's website, karglobal.com.
- 11/22/2021
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KAR Global Announces Participation in Upcoming Investor Conference
- CARMEL, Ind., Nov. 10, 2021 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference: Barclays Global Automotive and Mobility Tech Conference 2021 KAR's Chief Executive Officer, Peter Kelly, Executive Vice President and Chief Financial Officer, Eric Loughmiller and Treasurer and Vice President Investor Relations, Mike Eliason will be participating on Wednesday, November 17, 2021, from 8:40am-9:15am ET.
- 11/10/2021
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KAR Global Announces Participation in Upcoming Investor Conference
- CARMEL, Ind., Nov. 5, 2021 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference: Baird Global Industrial Conference KAR's Executive Vice President and Chief Financial Officer, Eric Loughmiller, and Treasurer and Vice President Investor Relations, Mike Eliason, will be participating on Thursday, November 11, 2021, at 10:50 a.m.
- 11/05/2021
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KAR Auction Services, Inc. (KAR) CEO Peter Kelly on Q3 2021 Results - Earnings Call Transcript
- KAR Auction Services, Inc. (KAR) CEO Peter Kelly on Q3 2021 Results - Earnings Call Transcript
- 11/03/2021
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KAR Auction Services (KAR) Q3 Earnings and Revenues Top Estimates
- KAR Auction Services (KAR) delivered earnings and revenue surprises of 14.29% and 5.58%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 11/02/2021
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Analysts Estimate KAR Auction Services (KAR) to Report a Decline in Earnings: What to Look Out for
- KAR Auction Services (KAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/26/2021
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KAR Auction Services, Inc. to Announce Third Quarter 2021 Earnings
- CARMEL, Ind., Oct. 19, 2021 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE:KAR) will release its third quarter 2021 financial results after the market closes on Tuesday, November 2, 2021.
- 10/19/2021
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KAR Auction Services Expands Partnership With Black Book
- KAR Auction Services Inc (NYSE: KAR) has announced an expanded partnership with Black Book, a technology data company, to help franchise and independent car dealers, OEMs, and third-party providers deliver a faster, easier, and more digital experience to their retail consumers. By integrating Black Book's VIN decoding and pricing algorithms with KAR's digital capabilities, industry-related companies will be able to deliver instant, VIN-specific guaranteed trade-in values to consumers through their own website or mobile app.
- 10/18/2021
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KAR Global Completes Acquisition of CARWAVE
- CARMEL, Ind., Oct. 14, 2021 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, has completed the acquisition of CARWAVE Holdings LLC ("CARWAVE") for $450 million in cash.
- 10/14/2021
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ADESA Simulcast+® Continues to Earn Top Industry Awards
- CARMEL, Ind., Oct. 6, 2021 /PRNewswire/ -- ADESA, a business unit of global wholesale used vehicle digital marketplace operator KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), was named a 2021 Automotive News PACE Award winner for its Simulcast+® technology.
- 10/06/2021
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KAR Auction Services: Longer-Term Growth Story Intact Despite Near-Term Headwinds
- KAR's recent pre-announcement was disappointing on several fronts, with volumes falling short and the full-year guidance withdrawn. But with KAR successfully acquiring CARWAVE, the company remains on track to build out its D2D business.
- 09/28/2021
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KAR Auction Withdraws FY21 Guidance As Chip Shortage Bites
- Wholesale used vehicle digital marketplace KAR Auction Services Inc (NYSE: KAR) has withdrawn its previously provided financial outlook for fiscal 2021, citing continued disruption caused by the chip shortage and the lack of visibility into used vehicle volumes in its marketplaces. The company expects Q3 Adjusted EBITDA of $95 million - $100 million.
- 09/21/2021
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KAR Global to Host Financial Update Conference Call Monday, September 20th and Analyst Day Event on Tuesday, September 21st
- CARMEL, Ind., Sept. 20, 2021 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading global wholesale used vehicle digital marketplace operator, today announced that as a result of the continued disruption caused by the chip shortage and the corresponding lack of visibility into used vehicle volumes in its marketplaces, the company is withdrawing its previously provided financial outlook for fiscal 2021.
- 09/20/2021
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KAR Auction Services, Inc. to Host Virtual Analyst Day
- CARMEL, Ind., Sept. 9, 2021 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading global wholesale used vehicle digital marketplace operator, will host a virtual Analyst Day on Tuesday, September 21, 2021, at 11:00 a.m.
- 09/09/2021
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KAR Auction Services To Acquire CARWAVE For $450M
- KAR Auction Services Inc (NYSE: KAR) is set to acquire CARWAVE Holdings LLC , an online dealer-to-dealer marketplace, for $450 million. CARWAVE was founded in 2009 in California and currently serves a network of franchise and independent dealers across Arizona, California, Nevada, Oregon, and Texas.
- 08/23/2021
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KAR to Accelerate Dealer-to-Dealer Growth, Profitability Through Acquisition of CARWAVE
- CARMEL, Ind., Aug. 23, 2021 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR) has signed a definitive agreement to acquire CARWAVE Holdings LLC ("CARWAVE") subject to certain regulatory approvals and other customary closing conditions.
- 08/23/2021
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KAR Global Announces Participation in Upcoming Investor Conference
- CARMEL, Ind., Aug. 5, 2021 /PRNewswire/ -- KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference: J.P.
- 08/05/2021
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KAR Auction Services, Inc. (KAR) CEO Peter Kelly on Q2 2021 Results - Earnings Call Transcript
- KAR Auction Services, Inc. (KAR) CEO Peter Kelly on Q2 2021 Results - Earnings Call Transcript
- 08/04/2021
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KAR Auction Services (KAR) Misses Q2 Earnings and Revenue Estimates
- KAR Auction Services (KAR) delivered earnings and revenue surprises of -6.25% and -1.90%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/03/2021
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KAR Auction Services Has Morphed Into Vehicle Remarketing Powerhouse
- Long-time auto auction specialist Adesa underpins KAR stock. The shares are one way to play on the red-hot used car market that's only just getting started.
- 07/30/2021
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KAR Auction Services, Inc. to Announce Second Quarter 2021 Earnings
- CARMEL, Ind., July 20, 2021 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE:KAR) will release its second quarter 2021 financial results after the market closes on Tuesday, August 3, 2021.
- 07/20/2021
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7 Tech Stocks to Buy With Breakout Potential for the Second Half of the Year
- Tech stocks promise powerful upside potential. They can grow rapidly and transform a humble start-up into a golden goose.
- 07/16/2021
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Keeley Teton Comments on KAR Auction Services
- KAR Auction Services, Inc ( KAR , Financial) is a provider of vehicle auction services in an e ective duopolymarket structure. Last year's pandemic forced the shutdown of physical auction sites but hastened adoption of the company's long-term move towards digital auction tools, an inherently more profitable business.
- 06/11/2021
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ADESA Bolsters Buyer Confidence with Enhanced Vehicle Undercarriage Imaging
- CARMEL, Ind., May 11, 2021 /PRNewswire/ -- ADESA, a business unit of global wholesale used vehicle digital marketplace operator KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), announces the launch of new condition report capabilities including the addition of high-definition vehicle undercarriage photos on all ADESA condition reports.
- 05/11/2021
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KAR Auction Services, Inc. (KAR) CEO Peter Kelly on Q1 2021 Results - Earnings Call Transcript
- KAR Auction Services, Inc. (KAR) CEO Peter Kelly on Q1 2021 Results - Earnings Call Transcript
- 05/08/2021
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KAR Stock: From $14.51 To $17.26 (18.95% Increase) Intraday Explanation
- The stock price of KAR Auction Services Inc (NYSE: KAR) increased from $14.51 to $17.26 (up 18.95%) intraday. This is why it happened.
- 05/05/2021
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Recap: KAR Auction Services Q1 Earnings
- Shares of KAR Auction Services (NYSE:KAR) moved higher in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 400.00% year over year to $0.45, which beat the estimate of $0.12.
- 05/04/2021
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KAR Auction Services, Inc. Reports First Quarter 2021 Financial Results
- CARMEL, Ind., May 4, 2021 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) today reported its first quarter financial results for the period ended March 31, 2021.
- 05/04/2021
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KAR Auction Services, Inc. to Announce First Quarter 2021 Earnings
- CARMEL, Ind., April 21, 2021 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) will release its first quarter 2021 financial results after the market closes on Tuesday, May 4, 2021.
- 04/21/2021
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Why Kar Auction Services Is An Economic Reopening Stock
- Kar Auction Services was hurt by the Covid-19 pandemic but stands to benefit as the economy reopens.
- 03/29/2021
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KAR Global Announces Participation in Upcoming Investor Conference
- CARMEL, Ind., March 23, 2021 /PRNewswire/ -- KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference: BofA Securities 2021 Global Automotive Summit KAR's Chairman and Chief Executive Officer, Jim Hallett, Executive Vice President and Chief Financial Officer, Eric Loughmiller and Treasurer and Vice President Investor Relations, Mike Eliason will be participating on Tuesday, March 30, 2021 at 3:00 pm Eastern Webcast of the presentation will be made available under the investor relations section of the company's website, karglobal.com.
- 03/23/2021
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KAR Auction Services, Inc. (KAR) CEO Jim Hallett on Q4 2020 Results - Earnings Call Transcript
- KAR Auction Services, Inc. (KAR) CEO Jim Hallett on Q4 2020 Results - Earnings Call Transcript
- 02/17/2021
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Why KAR Auction Services Stock Tanked 25% at the Open Today
- The company reported earnings. Investors and analysts were clearly displeased.
- 02/17/2021
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KAR Auction Services, Inc. Reports 2020 Financial Results
- CARMEL, Ind., Feb. 16, 2021 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its fourth quarter financial results for the period ended December 31, 2020. For the fourth quarter of 2020, the company reported revenue of $529.6 million as compared with revenue of $671.3...
- 02/16/2021
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Why KAR Auction Services (KAR) Might Surprise This Earnings Season
- KAR Auction Services (KAR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 02/12/2021
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KAR Auction Services (KAR) Earnings Expected to Grow: Should You Buy?
- KAR Auction Services (KAR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/09/2021
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KAR Auction CEO says pandemic sped up digital transition by three years
- "We planned on going 100% digital over the course the next two or three years. We basically got that taken care of in the space of about two or three weeks," KAR Auction CEO Jim Hallett said in a "Mad Money" interview.
- 01/12/2021
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Car auction company KAR goes 100% digital years ahead of schedule amid pandemic
- KAR Auction Services planned to go 100% digital in the next three years, but ended up making it happen virtually overnight, CEO Jim Hallett said.
- 01/12/2021
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Why KAR Auction Services (KAR) Stock Might be a Great Pick
- KAR Auction Services (KAR) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 01/04/2021
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KAR Global Announces Participation in Upcoming Investor Conference
- CARMEL, Ind., Nov. 25, 2020 /PRNewswire/ -- KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference: - BofA Securities 2020 Leveraged Finance Virtual Conference - Executive Vice...
- 11/25/2020
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Top Stocks To Short Today As Vaccine Rally And Unemployment Data Disappoints
- After markets yesterday sharply sold off in the closing minutes, stocks fell slightly again today. If this pace keeps up, markets will close down for the third consecutive day.
- 11/19/2020
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Top Stocks To Short Today As Newsworthy Week Ends With Another Rally
- After the vaccine-related recovery rally stalled yesterday with sharp losses, markets broadly gained today. The Dow rose 307.55 points, or 1.7%, the S&P 500 gained 1.15%, and the Nasdaq also gained 0.7%.
- 11/13/2020
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KAR Completes Acquisition of BacklotCars
- CARMEL, Ind., Nov. 12, 2020 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR) has completed the acquisition of BacklotCars, Inc. The addition of BacklotCars supplements the company's suite of leading digital marketplaces, including TradeRev, ADESA.com and OPENLANE,...
- 11/12/2020
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Best Stocks To Short Today As Markets Surge After Earth-Shaking Vaccine News
- Markets skyrocketed to all-time highs today after Pfizer and BioNTech revealed that their COVID-19 vaccine is more than 90% effective. Our deep learning algorithms have crunched the data to give you a set of Top Shorts for today.
- 11/09/2020
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KAR Auction Services, Inc. (KAR) CEO Jim Hallett on Q3 2020 Results - Earnings Call Transcript
- KAR Auction Services, Inc. (KAR) CEO Jim Hallett on Q3 2020 Results - Earnings Call Transcript
- 11/04/2020
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KAR Auction Services (KAR) Beats Q3 Earnings Estimates
- KAR Auction Services (KAR) delivered earnings and revenue surprises of 60.71% and -5.82%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
- 11/03/2020
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KAR Auction Services, Inc. Reports Third Quarter 2020 Financial Results
- CARMEL, Ind., Nov. 3, 2020 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its third quarter financial results for the period ended September 30, 2020. For the third quarter of 2020, the company reported revenue of $593.6 million as compared with revenue of $701.9...
- 11/03/2020
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Mission Wealth Management LP Purchases Shares of 11,545 KAR Auction Services, Inc. (NYSE:KAR)
- Mission Wealth Management LP purchased a new stake in shares of KAR Auction Services, Inc. (NYSE:KAR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,545 shares of the specialty retailer’s stock, valued at approximately $166,000. Other institutional investors and hedge […]
- 10/19/2020
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PNC Financial Services Group Inc. Boosts Stake in KAR Auction Services Inc (NYSE:KAR)
- PNC Financial Services Group Inc. boosted its stake in shares of KAR Auction Services Inc (NYSE:KAR) by 214.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 9,641 shares of the specialty retailer’s stock after buying an additional 6,574 shares during the quarter. PNC Financial Services Group Inc.’s holdings in KAR Auction Services were […]
- 10/07/2020
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KAR Auction Services: Permanent Cost Cuts Make This A Cash Cow (NYSE:KAR)
- KAR Auction Services has managed to drastically cut its costs during the Covid pandemic. This is largely ignored by the market with the stock still down from its pre-covid level.
- 10/05/2020
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365± Contiguous Acres of Timber, Pasture, and River Frontage set for Auction by Nicholls Auction Marketing Group
- Nicholls Auction Marketing Group, Inc., (www.nichollsauction.com) announces the auction of 365± contiguous acres of land offered in 3 tracts featuring timber,
- 10/02/2020
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Majestic Log Home on 45± Acres in the Shenandoah Valley of Virginia set for Auction by Nicholls Auction Marketing Group
- Nicholls Auction Marketing Group, Inc., (www.nichollsauction.com) announces an auction from the Estate of Rolland Hunter of a 3 bedroom 4.5 bath custom built
- 09/30/2020
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California State Teachers Retirement System Trims Holdings in KAR Auction Services Inc (NYSE:KAR)
- California State Teachers Retirement System trimmed its position in KAR Auction Services Inc (NYSE:KAR) by 9.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 195,999 shares of the specialty retailer’s stock after selling 21,281 shares during the quarter. California State Teachers […]
- 09/27/2020
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Marshall Wace North America L.P. Purchases New Position in KAR Auction Services Inc (NYSE:KAR)
- Marshall Wace North America L.P. purchased a new stake in KAR Auction Services Inc (NYSE:KAR) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 39,805 shares of the specialty retailer’s stock, valued at approximately $548,000. Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen Asset […]
- 09/13/2020
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72+/- Acre Essex County VA Estate at Historic “Essex Mill Pond” set for Auction by Nicholls Auction Marketing Group
- acre lake and a cottage --
- 09/09/2020
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AFC Energy awarded contract for Sale of H-Power system to Jülich - DirectorsTalk
- AFC Energy plc (LON:AFC), a leading provider of hydrogen power generation technologies, has confirmed the sale of a bespoke 100kW H-PowerTM alkaline fuel cell system to Forschungszentrum Jülich for deployment at its Living Lab Energy Campus showcase in Germany. Highlights · Jülich is one of Europe’s largest and most prestigious interdisciplinary research institutions. · In collaboration with leading German and ...
- 09/01/2020
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Tracking Dan Loeb's Third Point Portfolio - Q2 2020 Update
- Dan Loeb's 13F portfolio value increased from $6.27B to $7.30B this quarter. The number of positions increased from 30 to 36.
- 08/28/2020
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Baby Bonds Complete Review
- A review of all baby bonds. All the baby bonds sorted in categories.
- 08/20/2020
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Is KAR Auction Services (KAR) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/18/2020
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KAR vs. DKS: Which Stock Should Value Investors Buy Now?
- KAR vs. DKS: Which Stock Is the Better Value Option?
- 08/18/2020
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A Look Into KAR Auction Services's Debt
- Over the past three months, shares of KAR Auction Services Inc. (NYSE: KAR) rose by 50.78%. Before having a look at the importance of debt, let's look at how much debt KAR Auction Services has.KAR Auction Services's Debt According to the KAR Auction Services's most recent financial statement as reported on August 5, 2020, total debt is at $2.63 billion, with $1.86 billion in long-term debt and $769.90 million in current debt. Adjusting for $968.50 million in cash-equivalents, the company has a net debt of $1.66 billion.Investors look at the debt-ratio to understand how much financial leverage a company has. KAR Auction Services has $6.49 billion in total assets, therefore making the debt-ratio 0.4. Generally speaking, a debt-ratio more than 1 means that a large portion of debt is funded by assets. As the debt-ratio increases, so the does the risk of defaulting on loans, if interest rates were to increase. Different industries have different thresholds of tolerance for debt-ratios. For example, a debt ratio of 40% might be higher for one industry, whereas normal for another.Why Investors Look At Debt? Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives.Interest-payment obligations can impact the cash-flow of the company. Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital.See more from Benzinga * A Look Into RiceBran Tech's Debt * Recap: Azul Q2 Earnings * Recap: Golar LNG Partners Q2 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 08/13/2020
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Kar Auction Services (KAR) Gets a Buy Rating from Barrington - Markets
- Barrington analyst Gary Prestopino maintained a Buy rating on Kar Auction Services (KAR – Research Report) today and set a
- 08/11/2020
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Black Business Spotlight: Titi Adesa Designed a Shoe Collection Inspired By Nigerian Hair Braiding
- Emerging designer Titi Adesa’s new collection is inspired by Yoruba hair braiding traditions.
- 08/10/2020
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The U.S. Vehicle Auction Market: Size and Forecasts with Impact Analysis of COVID-19 (2020-2024) - ResearchAndMarkets.com
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KAR Auction Services, Inc (KAR) Q2 2020 Earnings Call Transcript
- KAR earnings call for the period ending June 30, 2020.
- 08/05/2020
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KAR Auction Services, Inc. Reports Second Quarter 2020 Financial Results
- KAR Auction Services, Inc. (NYSE: KAR), today reported its second quarter financial results for the period ended June 30, 2020. For the second quarter of 2020, the company reported revenue of $419.0 million as compared with revenue of $719.1 million for the second quarter of 2019, a decrease of 42%. For the second quarter of 2020, the company reported a net loss from continuing operations of $32.3 million, or $0.27 per diluted share, as compared with net income from continuing operations of $27.4 million, or $0.20 per diluted share, in the second quarter of 2019. Adjusted EBITDA for the quarter ended June 30, 2020 decreased 41% to $80.0 million, as compared with Adjusted EBITDA of $135.9 million for the quarter ended June 30, 2019. Operating adjusted net income from continuing operations per diluted share decreased 73% to $0.08 for the quarter ended June 30, 2020, as compared with operating adjusted net income from continuing operations per diluted share of $0.30 for the quarter ended June 30, 2019. The company's operating results for the quarter ended June 30, 2020 were significantly impacted by the COVID-19 pandemic, as further discussed below. In addition, the company recorded a $29.8 million charge for the impairment of goodwill and other intangible assets in the second quarter of 2020.
- 08/04/2020
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IAA, Inc. Announces Second Quarter Fiscal 2020 Financial Results
- IAA, Inc. (NYSE: IAA) today announced its financial results for the second quarter of fiscal 2020, which ended June 28, 2020. John Kett, Chief Executi
- 08/04/2020
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Did Hedge Funds Make The Right Call On KAR Auction Services Inc (KAR)?
- The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
- 08/03/2020
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KAR Auction Services Inc (NYSE:KAR) Shares Sold by Oregon Public Employees Retirement Fund
- Oregon Public Employees Retirement Fund lowered its stake in shares of KAR Auction Services Inc (NYSE:KAR) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,937 shares of the specialty retailer’s stock after selling 2,147 shares during the quarter. […]
- 08/02/2020
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ADESA Hosts 22-Site Remote Sale Using Simulcast+(SM) Technology
- Last week, ADESA, a subsidiary of KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), hosted a single digital auction event with vehicles in 22 different locations using the company's Simulcast+SM technology. The sale was hosted on behalf of The Hertz Corporation and sold vehicles to buyers in 19 states across the country. Simulcast+ is ADESA's new digital auction platform that simulates the competitive live auction environment in a fully digitized, highly automated, live streaming format. The technology allows vehicles to be offered from an auction, distribution center, dealership or multiple sites and facilitates fast, competitive bidding for buyers.
- 07/30/2020
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KAR Global Announces Participation in Upcoming Investor Conference
- KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference:
- 07/29/2020
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KAR Auction Services (KAR) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
- KAR Auction Services (KAR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/29/2020
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Jets' Douglas says he never promised offer to traded Adams
- NEW YORK (AP) - Joe Douglas fully envisioned Jamal Adams being a big piece of what he wants to build for the New York Jets.
The general manager raved about the All-Pro safety's abilities as a playmaker and leader when he took over the franchise just over a year ago. Douglas also insisted he'd love Adams to remain "a Jet for life."
Well, things changed. In a major way.
Douglas dealt Adams and a 2022 fourth-round draft pick to Seattle on Saturday for first-rounders in 2021 and '22, a third-rounder in 2021 and safety Bradley McDougald. It was a stunning end to Adams' short but productive Jets tenure.
"We're excited about the opportunity that this gives us," Douglas said during a conference call Monday. "As I've repeatedly said, my responsibility is to always take the call and assess value to the Jets. And ultimately, this was a deal that made sense for us to make."
The trade capped a contentious several months between the team and the 24-year-old Adams, who wanted a contract extension and was highly critical of ownership, coach Adam Gase and Douglas in the days leading up to the deal. In an interview with the Daily News published last Friday, Adams said he was disappointed the Jets never made him an offer and felt misled by Douglas and the organization.
"I just want to make it clear that I never promised an offer to Jamal or his agent," Douglas said while speaking to reporters for the first time since the trade. "Nor was I ever dishonest or ambiguous in my communications with their camp."
The Jets had control over Adams' contract through 2021 and could have also potentially placed the franchise tag on him in 2022, so they were in no rush to extend the player taken No. 6 overall in the 2017 draft. Adams made the Pro Bowl the past two seasons and was an All-Pro selection last year, clearly...
- 07/27/2020
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SMALL CAP IDEAS: AFC Energy's hydrogen rally
- A question still to be convincingly answered, though, is where the power to fuel mass adoption of electrical vehicles is going to come from.
- 07/27/2020
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Jets trade disgruntled star safety Jamal Adams to Seahawks
- NEW YORK (AP) - Jamal Adams' wish was finally granted: He's leaving New York in a stunning trade.
The Jets dealt the disgruntled star safety to the Seattle Seahawks on Saturday, splitting with a gifted player whose relationship with the franchise quickly deteriorated because of a contract dispute.
New York received a massive haul in the deal, sending a 2022 fourth-round draft pick along with Adams to the Seahawks for a 2021 first-rounder, a 2022 first-rounder, a 2021 third-rounder and safety Bradley McDougald - pending physicals.
"While we had maintained our interest in Jamal Adams having a long and successful career with the Jets, we know it's important to be prepared and willing to adjust to new offers and circumstances," general manager Joe Douglas said in a statement. "As I have always said, my job is to listen to calls and this offer was one we could not ignore."
The deal ended a contentious several months for Adams and the Jets, a situation that increasingly appeared headed for a divorce when the two-time Pro Bowl selection criticized ownership early in the week and then took shots at coach Adam Gase and Douglas in an interview with the Daily News published Friday.
"To NY & especially the Jets fans, I love you & will always love you." Adams wrote in a Twitter post. "You all will hold a special place in my heart forever. When I came into the league, you embraced me & watched me grow! We went through it all together. Thank you for the Luv & support these 3 years. #Prez Out."
Adams followed that up with a message to the Seahawks and their fans in a Twitter post that included a graphic of the safety in his new team's uniform.
"You have a man on a mission," he wrote, "a man all in on winning a Super Bowl, being the best...
- 07/26/2020
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AFC Energy in a solid position for realisation of growth potential into 2020 and beyond - DirectorsTalk
- AFC Energy plc (LON:AFC), a leading developer of hydrogen power generation technologies, has announced its Interim Results for the 6 months ended 30 April 2020. Highlights · Successful launch and demonstration of AFC Energy’s EV charging solution culminating in a national roadshow across the United Kingdom. · Commenced negotiations with Extreme E for a bespoke H-Power unit ...
- 07/24/2020
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KAR Auction Services, Inc. to Announce Second Quarter 2020 Earnings
- KAR Auction Services, Inc. (NYSE:KAR) will release its second quarter 2020 financial results before the market opens on Wednesday, August 5, 2020.
- 07/22/2020
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Valeo Financial Advisors LLC Cuts Stock Holdings in KAR Auction Services Inc (NYSE:KAR)
- Valeo Financial Advisors LLC reduced its position in shares of KAR Auction Services Inc (NYSE:KAR) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,743 shares of the specialty retailer’s stock after selling 1,135 shares during the period. […]
- 07/22/2020
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KAR Auction Services Inc (NYSE:KAR) Shares Sold by APG Asset Management N.V.
- APG Asset Management N.V. lessened its position in KAR Auction Services Inc (NYSE:KAR) by 85.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,400 shares of the specialty retailer’s stock after selling 209,400 shares during the period. APG […]
- 07/16/2020
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Ravens quarterback cancels Florida event amid virus surge
- BALTIMORE (AP) - Baltimore Ravens quarterback Lamar Jackson has canceled his annual "Funday with LJ" event in Florida due to surging coronavirus cases in the state and strict gathering limits.
Jackson's third annual event was set to be held Saturday and Sunday in his hometown of Pompano Beach, Florida, but a spokesperson told news outlets Tuesday that the event was canceled.
Gatherings of more than 10 people are prohibited in Pompano Beach due to pandemic. Instead of allowing a few people to attend the event, Jackson decided to cancel it.
Jackson shared a flyer of the event on Instagram Monday, advertising flag football and water slides. It also said adults must wear face masks and waivers must be signed for children to participate.
The event was scheduled to start a week after Florida reported a single-day record of 11,445 cases.
On Tuesday, Florida confirmed 7,347 new cases, bringing the total since March 1 to 213,794. Another 63 people died, bringing the total to 3,943. The 45 deaths per day averaged over the last week is a 50% jump since three weeks ago. Statewide, 380 patients were reported as newly admitted to hospitals, a single-day record.
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Follow AP coverage of the pandemic at https://apnews.com/VirusOutbreak and https://apnews.com/UnderstandingtheOutbreak.
- 07/08/2020
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American Family Care Seeing Patients in Agoura Hills
- Check out the latest community post from one of your neighbors. (The views expressed in this post are the author’s own.)
- 07/07/2020
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Ravens quarterback to hold Florida social event amid virus
- BALTIMORE (AP) - Baltimore Ravens quarterback Lamar Jackson announced he will hold his annual "Funday with LJ" event in Florida amid the state's spike in coronavirus cases.
Jackson's third annual event will be held Saturday and Sunday in his hometown of Pompano Beach, Florida, according to a flyer shared on his Instagram page Monday. Social gatherings in groups of more than 10 people are currently not allowed in Pompano Beach, according to the city's website.
The flyer, which says "come have some fun in the sun," advertises flag football, and water slides among other activities. It also says adults must wear face masks, and a waiver must be signed for children to participate.
The announcement for the event comes more than a week after Florida Gov. Ron DeSantis said in a news conference that interactions among young people are driving the surge in confirmed cases.
In Broward County, where the event is scheduled to be held, there are more than 21,000 positive coronavirus cases and about 400 people have died from the virus, according to Florida's Health department.
There are more than 200,000 coronavirus cases in the state, and about 3,800 Florida residents have died from the novel coronavirus, according to Florida's Health department.
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Follow AP coverage of the pandemic at https://apnews.com/VirusOutbreak and https://apnews.com/UnderstandingtheOutbreak.
- 07/07/2020
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Ravens quarterback to hold Florida social event amid virus
- BALTIMORE (AP) - Baltimore Ravens quarterback Lamar Jackson announced he will hold his annual "Funday with LJ" event in Florida amid the state's spike in coronavirus cases.
Jackson's third annual event will be held Saturday and Sunday in his hometown of Pompano Beach, Florida, according to a flyer shared on his Instagram page Monday. Social gatherings in groups of more than 10 people is currently not allowed in Pompano Beach, according to the city's website.
The flyer, which says "come have some fun in the sun," advertises flag football, and water slides among other activities. It also says adults must wear face masks, and a waiver must be signed for children to participate.
The announcement for the event comes more than a week after Florida Gov. Ron DeSantis said in a news conference that interactions among young people are driving the surge in confirmed cases.
In Broward County, where the event is scheduled to be held, there are more than 21,000 positive coronavirus cases and about 400 people have died from the virus, according to Florida's Health department.
There are more than 200,000 coronavirus cases in the state, and about 3,800 Florida residents have died from the novel coronavirus, according to Florida's Health department.
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Follow AP coverage of the pandemic at https://apnews.com/VirusOutbreak and https://apnews.com/UnderstandingtheOutbreak.
- 07/07/2020
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Former Fifa candidate appeals to overturn Asian soccer vote
- Former Fifa Council candidate Mariyam Mohamed has requested the Court of Arbitration for Sport to look into last year's Asian Football Confederation’s congress election results.
- 07/01/2020
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Former FIFA candidate appeals to overturn Asian soccer vote
- The Court of Arbitration for Sport said Mariyam Mohamed, a soccer official from the Maldives, has requested that the election results at the Asian Football Confederation's congress in April 2019 should be annulled. Mohamed claims the Asian soccer body did not follow its own election rules and breached a statute protecting gender equality.
- 07/01/2020
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Former FIFA candidate appeals to overturn Asian soccer vote
- LAUSANNE, Switzerland (AP) — An appeal to overturn an Asian soccer election for seats on the FIFA Council was heard at sport’s highest court on Wednesday. The Court of Arbitration for Sport...
- 07/01/2020
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India among 5 nations to express interest to host AFC Asian Cup 2027
- The Asian Football Confederation (AFC) on Wednesday confirmed that it has received expressions of interest from five Member Associations including India to host the AFC Asian Cup 2027.
- 07/01/2020
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All India Football Federation express interest to host 2027 AFC Asian Cup
- Apart from India, Iran, Qatar, Saudi Arabia and Uzbekistan have submitted their expression of interest to host the 2027 AFC Asian Cup.
- 07/01/2020
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India Express Interest to Host 2027 AFC Asian Cup Along with Iran, Qatar, Saudi Arabia and Uzbekistan
- India have never hosted the Asian Cup and have qualified for four editions so far.
- 07/01/2020
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Johnson claims Travelers to keep PGA Tour streak alive
- NEW YORK: Dustin Johnson fired a 3-under 67 to claim a one-shot victory at the Travelers Championship and keep his tournament win streak alive on Sunday. Former world No. 1 Johnson bagged his first tournament win since February 2019 after a closing 67 at TPC River Highlands in Cromwell, Connecticut. Johnson, who started the day two shots adrift of third round leader Brendon Todd after a brilliant 61 on Saturday, held his nerve after a late wobble following a weather delay.
- 06/29/2020
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Return of football during Saudi summer will be a step into the unknown
- DUBAI: The countdown for the return of the Saudi Pro League on Aug. 4 is under way as organizers continue to roll out a series of initiatives that have seen foreign players and staff return to the country and resume training safely with their Saudi colleagues. Around the world, the almost complete halt to sporting events has slowly been reversed over the last two months with the German Bundesliga’s restart paving the way for other competitions like La Liga, the Premier League, Series A and the Champions League to be completed.
- 06/29/2020
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Patriots a Super Bowl favorite with Can Newton signing
- Sportsbooks are betting on the New England Patriots to be one of the NFL's best teams.
- 06/29/2020
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Ceballos late heroics send Arsenal into semifinals
- SHEFFIELD: Dani Ceballos fired Arsenal into the FA Cup semifinals as the Spaniard’s stoppage-time strike clinched a dramatic 2-1 win at Sheffield United on Sunday. Mikel Arteta’s side rode their luck after surviving a second-half barrage from the Blades at Bramall Lane. Nicolas Pepe put Arsenal ahead with a first-half penalty after Chris Basham fouled Alexandre Lacazette. David McGoldrick equalized with three minutes left, but on-loan Real Madrid midfielder Ceballos settled a hard-fought quarterfinal in the final moments.
- 06/28/2020
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Todd matches Johnson’s 61 to take the lead at Travelers
- CROMWELL, Connecticut: Brendon Todd and Dustin Johnson each shot career-low 61s at the Travelers Championship on Saturday, leaving Todd with a two-stroke lead over the 2016 US Open champion. The 34-year-old Georgian, playing a couple holes behind Johnson, had a chance at the tournament’s second 60 of the week but missed a 10-foot putt to the left on the 18th hole.
- 06/28/2020
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Inside story: How the World Cup bid helped Australia find its seat at FIFA's table
- The successful 2023 Women's World Cup bid has shattered the myth that Australia is, was and always will be a black sheep in global football politics.
- 06/27/2020
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Jacinda Ardern hits to phones in bid to secure 2023 Soccer World Cup
- In the early hours of Friday morning (AEST), FIFA delegates will vote to decide the hosts of the event, picking between the trans-Tasman bid and Colombia.
- 06/25/2020
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D-day for Australia’s World Cup bid
- In the early hours of Friday morning (WA time), FIFA delegates will vote to decide the hosts of the event, picking between the trans-Tasman bid and Colombia.
- 06/25/2020
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WWC 2023 hosting race going down to wire
- Australia and New Zealand's joint Women's World Cup bid team are pulling out all the stops ahead of the FIFA Council's decision on the 2023 tournament host.
- 06/25/2020
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WWC 2023 hosting race going down to wire
- Australia and New Zealand's joint Women's World Cup bid team are pulling out all the stops ahead of the FIFA Council's decision on the 2023 tournament host.
- 06/25/2020
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Insights & Forecast with Potential Impact of COVID-19 - Boat and Yacht Transportation Market 2020-2024 | Rising Demand for Recreational Boating to Boost Growth | Technavio
- The Global Boat and Yacht Transportation Market will grow by USD 511.25 mn during 2020-2024
- 06/25/2020
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2023 World Cup: How FIFA's council members will likely vote and why
- Australia and New Zealand need 18 votes from 35 FIFA Council Members to secure the 2023 Women's World Cup. Here is how it might pan out.
- 06/24/2020
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Senate approves Rwanda’s entry into Africa Finance Corporation
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Insights on the Worldwide Boat and Yacht Transportation Industry to 2024 - Drivers, Challenges and Trends - ResearchAndMarkets.com
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Tariye Gbadegesin: Investment professional bridging Nigeria’s infrastructure gap -
- Tariye Gbadegesin, an investment professional with 20 years of experience in the financial services sector and over $ 3 billion of transaction....
- 06/23/2020
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Japan withdraws from Women's World Cup race in huge boost for trans-Tasman bid
- Japan has withdrawn from the vote for hosting rights in 2023, leaving Colombia and the trans-Tasman bid as the only options.
- 06/22/2020
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Aberdeen offset half of estimated £10million coronavirus hit - Evening Telegraph
- Aberdeen chairman Dave Cormack has declared the club have offset half of their predicted £10million coronavirus hit.
- 06/21/2020
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Aberdeen offset half of estimated £10million coronavirus hit - Evening Express
- Aberdeen chairman Dave Cormack has declared the club have offset half of their predicted £10million coronavirus hit.
- 06/21/2020
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Dave Cormack's estimated Aberdeen cash hit doubles
- The Pittodrie club this week opened wage cut talks with players and staff.
- 06/20/2020
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Used Car Prices Hit a Record During a Pandemic. Yes, You Read That Right.
- Used car prices hit a record recently, in what can be described as a surprising development amid a pandemic and falling new car sales. It’s good news for all automotive stocks.
- 06/19/2020
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Hedge Funds Never Been Less Bullish On KAR Auction Services Inc (KAR)
- In this article we will check out the progression of hedge fund sentiment towards KAR Auction Services Inc (NYSE:KAR) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 […]
- 06/19/2020
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Bournemouth confirm Fraser has played last game for club
- Ryan Fraser has played his last game for Bournemouth after manager Eddie Howe confirmed the Scottish winger has opted against a short extension to his contract that ends on June 30.
- 06/19/2020
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Four coaches get AFC ‘A’ License
- Former national football team members were among the four coaches who succeeded in passing the AFC ‘A’ License course examinations.
- 06/19/2020
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Sports World: Leipzig pegged back and remain third
- . Read more at straitstimes.com.
- 06/18/2020
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India clubbed with Korea Republic, Australia, Uzbekistan for AFC U-16 Championship Bahrain 2020
- The 2020 AFC U-16 Championship will take place from September 16 to October 3.
- 06/18/2020
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Asian confederation cancels annual awards ceremony
- Asian Football Confederation (AFC) chiefs have cancelled their annual awards ceremony, which was scheduled to take place in Qatar in December, because they say it would be inappropriate in the wake of the deaths caused by the COVID-19 outbreak.
- 06/18/2020
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Soccer-Asian confederation cancels annual awards ceremony
- Professional soccer in Asia is slowly returning after the shutdown and the AFC has scheduled the resumption of the 2022 World Cup qualifying campaign for early October. (Repoorting by Nick Mulvenney, editing by Peter Rutherford)
- 06/18/2020
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KAR Global Launches Interactive Insights for Buyers and Sellers
- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, announces the launch of the company's new buyer and seller insights available on KARglobal.com. The site is powered by DRIVIN®, KAR's data science and analytics engine, and features interactive dashboards displaying retail and wholesale trends from across the remarketing ecosystem. The insights were developed using DRIVIN's proprietary algorithms and KAR's broad portfolio of retail, wholesale and other industry, economic and behavioral data sources. Originally intended for internal use, the company is making this real-time information public to help customers navigate the ongoing recovery and keep their businesses moving forward.
- 06/16/2020
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Ravens LB Judon blasts Goodell's 'black lives matter' speech
- BALTIMORE (AP) - Ravens linebacker Matthew Judon criticized the timing of NFL Commissioner Roger Goodell's assertion that the league believes "black lives matter," saying Monday that the message should have been delivered long ago.
In the wake of protests over the death of George Floyd, a black man who died after a Minneapolis police officer kneeled on his neck, Goodell said on June 5, "We, the National Football League, believe black lives matter. I personally protest with you and want to be part of the much-needed change in this country."
Speaking in a video conference call with the Baltimore media, Judon said the comment was long overdue.
"It's not when Roger Goodell said black lives matter that now everybody can say it," Judon said. "I think we should have been questioning why Roger Goodell didn't say black lives matter when he was born, or when he became commissioner or when he was re-elected commissioner.
"It's something people shouldn't have to say. Black lives should always matter. I don't think it's something that when one person says it, it's like, 'Oh now it makes sense.'"
Goodell essentially apologized on behalf of the league for not being more understanding when San Francisco quarterback Colin Kaepernick protested against police brutality and racial injustice by kneeling during the national anthem in 2016.
"We, the National Football League, admit we were wrong for not listening to NFL players earlier and encourage all to speak out and peacefully protest," Goodell said.
Judon' agreed with that portion of Goodell's statement.
"There shouldn't have been pushback," the four-year veteran said. "It should have been like, 'OK let's help this man in his cause. That was just his way of expressing it."
Judon said the...
- 06/15/2020
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d.light, Solar Frontier Capital announce Sh6.5 billion local currency receivable financing facility for Kenya
- NAIROBI, Kenya, Jul 13 – Solar Frontier Capital Limited and d.light design, the leading global innovator of solar energy products, have jointly announced the establishment of a KSh6.5 billion financing vehicle to be known as Brighter Life Kenya 1 Limited. The off-balance sheet financing vehicle is dedicated to acquiring pay-as-you-go solar home system accounts receivables […]
- 06/13/2020
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Norwich player one of two positives in latest batch of tests
- Norwich player one of two positives in latest batch of tests
- 06/13/2020
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Fandi is top Dutch master in AFC poll
- Not for the first time in his illustrious career, local football icon Fandi Ahmad has popped up with another late winner.. Read more at straitstimes.com.
- 06/12/2020
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We will meet all obligations: Quess to East Bengal
- One month into the COVID-19 lockdown, the club applied the ‘force maejeure’ clause, thus, terminating their contracts in advance and purportedly sent eviction notice to some of their players in May.
- 06/12/2020
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Football: Fandi tops poll of Greatest Eredivisie players to come from Asian confederation
- SINGAPORE - Not for the first time in his illustrious career, local football icon Fandi Ahmad has popped up with another late winner.. Read more at straitstimes.com.
- 06/12/2020
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Jacqueline Smith: Fighting the unseen coronavirus and racism
- Our time of isolation brought appreciation for connection. Now that must be channeled to make life more just for all.
- 06/12/2020
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Africa Finance Corporation Issues US$700 Million 5-year Reg S Eurobond
- Africa Finance Corporation issues US$700 Million 5-year Reg S Eurobond
- 06/12/2020
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Shares of several industrials companies are trading lower with the overall market as coronavirus cases increase in some US states that have reopened, leading to concerns of a second wave of the virus.
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East Bengal Send Contract Papers to New Recruits After Delay Due to Covid-19 Lockdown
- The 20 newly recruited players of East Bengal have finally begun to receive their contract papers.
- 06/11/2020
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Vident Investment Advisory LLC Reduces Position in KAR Auction Services Inc (NYSE:KAR)
- Vident Investment Advisory LLC trimmed its position in KAR Auction Services Inc (NYSE:KAR) by 77.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,901 shares of the specialty retailer’s stock after selling 68,957 shares during the period. Vident Investment Advisory LLC’s holdings in KAR Auction […]
- 06/10/2020
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State Street Corp Has $39.06 Million Holdings in KAR Auction Services Inc (NYSE:KAR)
- State Street Corp lessened its stake in KAR Auction Services Inc (NYSE:KAR) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,206,274 shares of the specialty retailer’s stock after selling 57,538 shares during the quarter. State Street Corp owned 2.48% of KAR Auction […]
- 06/10/2020
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Fandi named among Asia's best in Dutch league
- A week after he celebrated his 58th birthday on May 29, Singapore football legend Fandi Ahmad received a belated gift when he found out from his elder sister via text that he was named one of the Asian Football Confederation's Greatest Eredivisie Players in an online poll.. Read more at straitstimes.com.
- 06/08/2020
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Photos: What diehard Gor fan ‘Ja Yimbo’ does when not in Stadium
- NAIROBI, Kenya, June 8 – Nearly all fans on Gor Mahia terraces know Joseph Sudi ‘Ja Yimbo’ by nickname, but less is known about his antecedents. Sudi likes it that way! Sudi gives credit to Kogalo for the exposure that has given him new face, this is good music to his ears. He loves Gor […]
- 06/08/2020
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Shares of several industrial companies are trading higher on continued upward momentum surrounding the economy reopening, which would increase consumer spending and economic activity. New York City moved into phase one of its reopening plan on Monday.
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Football: Fandi nominated as one of the Asian confederation's Greatest Eredivisie Players
- The 58-year-old local football legend was one of nine top players to have graced the top Dutch football league.. Read more at straitstimes.com.
- 06/08/2020
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Former NFL wide receiver Reche Caldwell dead at 41
- Caldwell was drafted by the San Diego Chargers in 2002 after playing at the University of Florida and was signed by the New England Patriots in 2006.
- 06/07/2020
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Nigeria awaits first gold output in 2021 as Thor explorations finalize AFC funding deal
- With focus on Nigeria’s First gold production is scheduled for the second quarter of 2021. TSX-V-listed Thor Explorations has executed its definitive documents with the Africa Finance Corporation (…
- 06/07/2020
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India’s 2022 World Cup qualifying round match against Qatar rescheduled to October 8
- The Asian Football Confederation (AFC), in consultation with FIFA, announced the proposed match dates for the remaining matches of Round 2 in the FIFA World Cup Qatar 2022 and AFC Asian Cup China 2023 Asian Qualifiers.
- 06/06/2020
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Indian football team's 2022 World Cup qualifying round match against Qatar rescheduled to October 8
- India is already out of contention for berth in the 2022 FIFA World Cup. The team is still in the reckoning for a spot in the 2023 AFC Asian Cup.
- 06/05/2020
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Used cars sales, prices rev up as strapped consumers look for bargains
- At the height of the coronavirus pandemic in mid-April, used-car dealer Alex Tovstanovsky had vehicles jammed six rows deep on his lot in the western Chicago suburb of Naperville. But the seeming o…
- 06/05/2020
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Shares of several industrial companies are trading higher following strong US jobs numbers and continued optimism surrounding the reopening of the US economy. These have lead to hopes of an economic rebound and an uptick in production/shipping activity.
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Bargain-conscious Americans lift used-car sales in the coronavirus economy
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Bargain-conscious Americans lift used-car sales in the coronavirus economy
- At the height of the coronavirus pandemic in mid-April, used-car dealer Alex Tovstanovsky had vehicles jammed six rows deep on his lot in the western Chicago suburb of Naperville. Despite plummeting sales at his store, Prestige Motor Works, Tovstanovsky was betting on a recovery, buying dozens of cars in early April as auction prices for used vehicles dropped.
- 06/05/2020
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AIFF invites bids for new I-League clubs
- Prospective owners will be able to purchase the invitation to tender from the Football House in Delhi between June 10 and June 20 upon payment of Rs 4 lakh.
- 06/05/2020
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India to host 2022 AFC Women’s Asian Cup
- The decision was taken at the AFC Women's Football Committee meeting. In February, the AFC Women's Football Committee had recommended India to be hosts.
- 06/05/2020
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Bargain-conscious Americans lift used-car sales in the coronavirus economy
- Bargain-conscious Americans lift used-car sales in the coronavirus economy
- 06/05/2020
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Bengaluru FC get play-off spot for AFC Cup; AIFF confirms all three continental spots
- Goa FC, ATK-Mohun Bagan and Bengaluru FC will play in the AFC competitions from India for the 2020-21 season.
- 06/04/2020
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Dividends By The Numbers In May 2020
- A total of 3,118 U.S. firms declared dividends in May 2020, an increase of 26 over the 3,092 recorded in April 2020. That figure is also 811 lower than what was
- 06/04/2020
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Travel restrictions could impede A-League clubs finishing ACL
- The AFC is committed to resuming the Asian Champions League season, though questions remain whether Australian clubs will be able to participate.
- 06/04/2020
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AFC urged to mandate human rights into 2027 Asian Cup bids
- Read more about AFC urged to mandate human rights into 2027 Asian Cup bids on Devdiscourse
- 06/03/2020
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Shares of several industrial companies are trading higher after as equities continue to gain on optimism over an economic reopening which could potentially increase consumer spending and sales demand as well as a smaller-than-expected drop in nonfarm payrolls.
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AFC urged to mandate human rights into 2027 Asian Cup bids
- A global activist group urged Asia’s soccer body on Wednesday to mandate respecting human rights into bidding for and organizing the 2027 Asian Cup. Expected bidders include India, Iran,...
- 06/03/2020
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Nature's Medicines Secures $42M Via Advanced Flower Credit Facility
- Advanced Flower Capital Management LLC confirmed Thursday that its associate has provided Nature's Medicines with $42 million in financing.
The...
- 05/29/2020
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Edited Transcript of KAR earnings conference call or presentation 7-May-20 12:30pm GMT
- Q1 2020 KAR Auction Services Inc Earnings Call
- 05/28/2020
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Edited Transcript of KAR earnings conference call or presentation 7-May-20 12:30pm GMT
- Q1 2020 KAR Auction Services Inc Earnings Call
- 05/26/2020
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Why KAR Global's Stock Is Trading Higher Today
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KAR Global shares are trading higher after the company announced the placement of $550 million in newly issued perpetual convertible preferred stock.
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KAR Global Announces $550M Strategic Investment Led By Funds Advised By Apax Partners
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KAR Global Announces $550 Million Strategic Investment Led by Funds Advised by Apax Partners
- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced the placement of $550 million in newly issued perpetual convertible preferred stock of KAR Global ("KAR"). The preferred stock has a 7.0% dividend which shall be paid in-kind for the eight quarters following closing, and thereafter in cash or in-kind at KAR's option. The initial conversion price of $17.75 per share represents an approximately 42% premium to KAR's closing price of $12.52 per share on Friday, May 22, 2020. The investment was led by funds advised by Apax Partners (the "Apax Funds"), a global private equity advisory firm, with participation by Periphas Capital, L.P. The proceeds of the transaction will be utilized to expedite the resumption of operations to meet market demand, sustain the company's technology platforms and development pipeline and navigate the industry and economic recovery.
- 05/26/2020
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KAR Global Announces $55… Million Strategic Investment Led by Funds Advised by Apax Partners
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Timnas U-16 akan ikuti jejak timnas U-19 jalani TC virtual
- Pelatih tim nasional U-16 Indonesia Bima Sakti mengatakan, skuatnya akan mengikuti jejak timnas U-19 untuk menjalani pemusatan latihan (TC) ...
- 05/22/2020
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KAR Auction Services, Inc -- Moody's announces completion of a periodic review of ratings of KAR Auction Services, Inc
- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of KAR Auction Services, Inc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- 05/21/2020
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Dividend Cuts Continue Torrid Pace In First Half Of May 2020
- Dividend cuts and suspensions announced by publicly-traded firms in the United States are continuing their torrid pace through the midpoint of May 2020. Overall
- 05/20/2020
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The Auto Market Is Improving Faster Than Expected. Check Out Advance Auto Parts’ Earnings.
- Advance Auto Parts’ stock is rising following the release of its results. Same-store sales so far this quarter are about flat compared with last year’s.
- 05/19/2020
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CACI Awarded $465 Million Task Order to Provide Expertise for U.S. Army C5ISR Missions
- CACI International Inc (NYSE: CACI) announced today that it has been awarded a five-year single-award task order, with a ceiling value of more than $4
- 05/12/2020
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NFL 2020 Regular Season Wins Betting Prop - Betting
- NFL 2020 Regular Season Wins Betting Props have been released for the 2020 season. The Chiefs, Ravens, Saints, and 49ers are among the betting favorites.
- 05/11/2020
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KAR Global Announces Participation in Upcoming Investor Conference
- KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference:
- 05/11/2020
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KAR Global Announces Participation in Upcoming Investor Conference
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KAR Auction Services, Inc. (KAR) CEO Jim Hallett on Q1 2020 Results - Earnings Call Transcript
- KAR Auction Services, Inc. (NYSE:KAR) Q1 2020 Results Conference Call May 07, 2020 08:30 AM ET Company Participants Mike Eliason - Treasurer and VP, IR Jim Hall
- 05/10/2020
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ISL, I-League await domestic revision after AIFF approves reduction of foreigners
- With the implementation of the "3+1" foreign player rule at the club level, India's national team setup could reap long-term benefits with the burgeoning of more local players.
- 05/10/2020
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JPMorgan: 3 Stocks That Could Surge Over 30%
- Investors are still uncertain just where the stock market is headed. Essentially, there are two competing opinions right now. One says that we’re just in a bear market rally, and that the worst is yet to come. The other thesis states that the current rally is real, and will mature into a new bull cycle as the economy restarts in the second half.Writing from JPMorgan, Marko Kolanovic, the investment bank's quant analyst, holds fast to that optimistic view. Kolanovic believes that epidemiological data suggests we are past the worst of the coronavirus spread, justifying the lifting of social and business restrictions. And that will open up economic activity, which will then find stimulus from low Fed interest rates and increased government ‘pump priming’ spending.Kolanovic sees the stimulus policies as more important than Q1’s weak earnings, writing, “The combined suppression of the risk free rate and credit spreads by the Fed likely has a bigger positive impact on equity valuation, compared with the negative impact of the temporary earnings loss.”Kolanovic is not the only JPM analyst who sees potential in the stock markets. The firm’s equity analysts have been working overtime to find the stocks best positioned to lead a potential bull rally. We’ve used the TipRanks database to pull up three of their stock picks, to find out why the JPM experts are tapping them for over 30% growth.KAR Auction Services (KAR)The first stock on our list belongs to a company in the second-hand vehicle market. KAR Auction Services operates a marketplace – both online and in the physical world – for used vehicles. The company sells to both individual and business buyers, people looking for a car to drive and garages looking to source parts for the shop floor. KAR sold over 3.7 million vehicles in 2019, bringing in $2.8 billion in auction revenue.KAR shares have been hit hard by the coronavirus epidemic. The combination of economic shutdowns and social lockdowns have not just put a hold on car sales – they have simply reduced the need for vehicles.Q1 earnings showed a 6% reduction in revenue, to $645.5 million, and a collapse in net income to $2.8 million from $15.3 million in the year-ago quarter. As noted, these steep reductions are attributable to the effects of the pandemic response. KAR shares are still down 38% year-to-date, badly underperforming the broader markets.However, JPM’s analyst Ryan Brinkman believes the current downturn is the time to buy in to KAR shares. The low price offers an attractive point of entry, and the stock has a clear path forward when economic activity resumes. Brinkman writes, “We believe that once stay-at-home orders are lifted and the situation moves from being one of a unique public health crisis to that of a more familiar economic downturn, aftermarket end-markets, including auctions, will earn their reputation for resiliency. People will drive again substantially similar to before, and volumes will return to salvage auctions.”Along with that optimistic assessment, Brinkman upgrades KAR from Neutral to Buy. His $19 price target suggests a strong 46% upside potential in the next 12 months. (To watch Brinkman’s track record, click here)Overall, KAR shares hold a Moderate Buy rating from the analyst consensus, which breaks down into 4 Buy reviews and 3 Holds. While the analyst corps is somewhat divided, their average price target is in line with Brinkman’s. (See KAR stock analysis at TipRanks)J2 Global Communications (JCOM)Next up is an internet communications company. J2 Global owns a diverse portfolio of 40+ online content brands, including IGN, Mashable, PCMag, BabyCenter, Everyday Health among others. In addition, J2 also runs a Cloud Service business, offering eFax and eVoice among other online services. The company boasts nearly $1.5 billion in annual revenue, and saw Q4 earnings rise to $2.19 per share.The Q4 earnings were the highest in two years, and capped a full year of rising earnings. Q4 is typically J2’s strongest quarter, while Q1 is typically the weakest, so the $1.35 estimate for Q1 earnings is less indicative of poor performance than one may think at first. On an important note, that Q1 estimate represents a modest increase of 1.5% year-over-year.JCOM shares’ price performance has roughly mirrored the broader market’s during the past three months. JCOM lost 35% in the initial slide, and has risen 21% from its trough.Initiating coverage of the stock for JPM, Cory Carpenter set a Buy rating, with a $105 price target that indicates room for 32% upside growth. (To watch Carpenter’s track record, click here)Supporting his stance, Carpenter notes the company’s strong Cloud position, writing, “We believe Cloud Services is well positioned to capitalize on growing security & privacy needs, with bundling & cross-sell potential, and we like that Digital Media monetizes through multiple rents—ads, subs, & affiliate commerce.”Key drivers for Carpenter's bull thesis include: "1) Total growth strategy drives sustainable growth, with $1B+ capital to deploy [...] 2) Diversified portfolio of leading Cloud Services & Digital Media brands. [...] 3) Strong FCF generator with M&A; flywheel. JCOM prioritizes FCF, not growth at all costs, which it largely redeploys into M&A.; JCOM’s 40% EBITDA margin is driven by Cloud Services’ ~50% margin and Digital Media’s ~35% margin."Carpenter is broadly in line with the rest of Wall Street, which has assigned JCOM more "buy" ratings than "holds" over the past three month -- and sees the stock growing about 26% over the next 12 months, to a target price of $101.30. (See J2 Global stock analysis on TipRanks)Montage Resources Corporation (MR)Last on our list is a small-cap hydrocarbon exploration and production company. Montage is based in the Appalachian region of Pennsylvania, Ohio, and West Virginia, where it operates natural gas and crude oil drilling wells. Montage holds over 195,000 undeveloped core acres, and operates 325 actively producing horizontal wells. The value of the company’s holdings is clear from its stock performance; in the last three months, while the markets have generally slid into a bear cycle, MR shares have gained 55%.Even with the COVID-19 epidemic and the collapse of oil markets, MR was able to increase its net daily production during Q1, reaching 6610.7 MMcfe. This was above both company guidance and analyst estimates. Quarterly income of $62.7 million also beat the expectations. The company has curtailed some production in low-margin crude oil, to compensate for the soft oil market prices.Analyst Arun Jayaram, reviewing MR for JPM, upgraded his stance on the shares from Neutral to Buy. His $8 price target implies a 43% upside growth potential for the coming year. (To watch Jayaram’s track record, click here)Jayaram is clear on his reasons for upgrading this stock. He says of MR, “We expect the market to largely look through negative estimate revision risk to 2020 forecasts to the emerging bullish natural gas narrative in 2021… Meanwhile, the company’s FCF yield of 23% leads the peer group and is well above the peer group average of 10%...”The Strong Buy analyst consensus on MR shares is based on 5 recent reviews, including 4 Buys and a single Hold. The company’s strong natural gas production is tangible asset, and its enviable free cash flow is attractive for investors. Shares are selling for $5.59, while the average price target of $6.22 suggests a modest upside of 1.6%. (See MR stock analysis at TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
- 05/08/2020
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SunTrust Robinson Humphrey Maintains Buy on KAR Auction Services, Lowers Price Target to $15
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NFL schedule winners and losers
- The 2020 NFL schedule is out! Among the winners and losers are New England Patriots head coach Bill Belichick, Baltimore Ravens, Las Vegas Raiders, Dallas Cowboys and NFL commissioner Roger Goodell.
- 05/08/2020
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KAR Auction Services, Inc (KAR) Q1 2020 Earnings Call Transcript
- Good morning, and thank you for joining us today for the KAR Global First Quarter 2020 Earnings Conference Call. Today, we'll discuss the financial performance of KAR Global for the quarter ended March 31, 2020.
- 05/08/2020
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Brady to battle Brees in Week One blockbuster
- Quarterback Tom Brady's bid to bring the glory days back to Tampa Bay will be given a stiff test in Week One of the new NFL season when the Buccaneers travel to New Orleans to face Drew Brees and the Saints on Sept. 13.
- 05/08/2020
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Brady to battle Brees in Week One blockbuster
- Brady to battle Brees in Week One blockbuster
- 05/08/2020
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Texans open season against Chiefs; Thanksgiving game at Lions
- The defending AFC South champions kick off the NFL regular season Sept. 10 in a Thursday night road game.
- 05/07/2020
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Why Cars.com and KAR Auction Dropped by Double Digits While Carvana Popped 10%
- Shares of Cars.com (NYSE: CARS), KAR Auction Services (NYSE: KAR), and Carvana (NYSE: CVNA), are trading all over the map Thursday as Cars.com and KAR Auction are down 18% and 11%, respectively, while Carvana is up 10% on a wealth of earnings reports and a sign of optimism from Lyft (NASDAQ: LYFT). Carvana has had quite the trading day as it opened 10% lower before recovering to a 10% gain by Thursday afternoon.
- 05/07/2020
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KAR Auction Services Withdraws Its FY20 Guidance Due To Coronavirus
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KAR Auction Services Q1 EPS $0.090 Misses $0.160 Estimate, Sales $645.500M Miss $649.220M Estimate
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KAR Auction Services (KAR) Lags Q1 Earnings Estimates
- KAR Auction Services (KAR) delivered earnings and revenue surprises of -47.06% and 1.78%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 05/07/2020
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KAR Auction Services, Inc. Reports First Quarter 2020 Financial Results
- KAR Auction Services, Inc. (NYSE: KAR), today reported its first quarter financial results for the period ended March 31, 2020. For the first quarter of 2020, the company reported revenue of $645.5 million as compared with revenue of $689.6 million for the first quarter of 2019, a decrease of 6%. Net income from continuing operations for the first quarter of 2020 decreased 82% to $2.8 million, or $0.02 per diluted share, as compared with net income from continuing operations of $15.3 million, or $0.11 per diluted share, in the first quarter of 2019. Adjusted EBITDA for the quarter ended March 31, 2020 decreased 28% to $88.6 million, as compared with Adjusted EBITDA of $122.9 million for the quarter ended March 31, 2019. Operating adjusted net income from continuing operations per diluted share decreased 55% to $0.09 for the quarter ended March 31, 2020, as compared with operating adjusted net income from continuing operations per diluted share of $0.20 for the quarter ended March 31, 2019. The company's operating results for the quarter ended March 31, 2020 were significantly impacted by the COVID-19 pandemic, as further discussed below.
- 05/07/2020
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No break for Matildas for five years: Kerr
- Matildas captain Sam Kerr says the disruption caused by the COVID-19 pandemic means the Australian national team won't receive a break from major tournaments until 2025.
- 05/06/2020
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5 Stocks to Buy That Win in a Boom or Bust
- There are certain companies out there that I call "heads-I-win-tails-I-win" stocks, and these five names are great stocks to buy.
- 05/01/2020
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What Is KAR Auction Services's (NYSE:KAR) P/E Ratio After Its Share Price Rocketed?
- Those holding KAR Auction Services (NYSE:KAR) shares must be pleased that the share price has rebounded 36% in the...
- 05/01/2020
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How Does KAR Auction Services’s (NYSE:KAR) P/E Compare To Its Industry, After Its Big Share Price Gain?
- KAR Auction Services (NYSE:KAR) shareholders are no doubt pleased to see that the share price has bounced 36% in the...
- 05/01/2020
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ARP Americas LP Sells 19,597 Shares of KAR Auction Services Inc (NYSE:KAR)
- ARP Americas LP decreased its stake in shares of KAR Auction Services Inc (NYSE:KAR) by 31.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 42,603 shares of the specialty retailer’s stock after selling 19,597 shares during the period. ARP Americas LP’s holdings in KAR Auction Services […]
- 04/30/2020
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Comparing KAR Auction Services (NYSE:KAR) & LMP Automotive (NYSE:LMPX)
- KAR Auction Services (NYSE:KAR) and LMP Automotive (NASDAQ:LMPX) are both small-cap retail/wholesale companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, risk, dividends, valuation, institutional ownership, profitability and analyst recommendations. Insider and Institutional Ownership 0.2% of LMP Automotive shares are held by institutional investors. […]
- 04/30/2020
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KAR Auction Services, Inc. to Announce First Quarter —…—… Earnings
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Analysts Estimate KAR Auction Services (KAR) to Report a Decline in Earnings: What to Look Out for
- KAR Auction Services (KAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/28/2020
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Analysts Estimate KAR Auction Services (KAR) to Report a Decline in Earnings: What to Look Out for
- KAR Auction Services (KAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/28/2020
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Billionaire Atlanta United Arthur Blank in Aberdeen trust donation
- The Dons and the MLS side are in partnership with Blank’s holding company buying a small share in the Pittodrie outfit last year.
- 04/28/2020
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Analysts Estimate KAR Auction Services (KAR) to Report a Decline in Earnings: What to Look Out for
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The Zacks Analyst Blog Highlights: Hertz Global, Avis Budget Group, Ally Financial and Kar Auction Services
- The Zacks Analyst Blog Highlights: Hertz Global, Avis Budget Group, Ally Financial and Kar Auction Services
- 04/27/2020
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The Zacks Analyst Blog Highlights: Hertz Global, Avis Budget Group, Ally Financial and Kar Auction Services
- The Zacks Analyst Blog Highlights: Hertz Global, Avis Budget Group, Ally Financial and Kar Auction Services
- 04/27/2020
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Is There An Opportunity With KAR Auction Services, Inc.’s (NYSE:KAR) 31% Undervaluation?
- Does the April share price for KAR Auction Services, Inc. (NYSE:KAR) reflect what it's really worth? Today, we will...
- 04/27/2020
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Is KAR Auction Services, Inc.'s (NYSE:KAR) CEO Being Overpaid?
- Jim Hallett became the CEO of KAR Auction Services, Inc. (NYSE:KAR) in 2009. This analysis aims first to contrast CEO...
- 04/27/2020
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AMRN, EPR among top gainers
- Axsome Therapeutics (NASDAQ:AXSM) +44% as Axsome's lead candidate successful in Alzheimer's study.Avadel Pharmaceuticals plc (NASDAQ:AVDL) +34% on positive data on lead drug.Yield10 Bioscience (NASDAQ
- 04/27/2020
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KAR Auction Services Inc (NYSE:KAR) Shares Purchased by Macquarie Group Ltd.
- Macquarie Group Ltd. boosted its position in KAR Auction Services Inc (NYSE:KAR) by 27.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 172,162 shares of the specialty retailer’s stock after acquiring an additional 36,731 shares during the quarter. Macquarie Group […]
- 04/27/2020
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KAR Auction Services (NYSE:KAR) Stock Price Up 8.2%
- KAR Auction Services Inc (NYSE:KAR)’s stock price rose 8.2% during trading on Friday . The stock traded as high as $14.40 and last traded at $13.54, approximately 3,122,665 shares changed hands during mid-day trading. An increase of 31% from the average daily volume of 2,374,996 shares. The stock had previously closed at $12.51. KAR has […]
- 04/26/2020
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Is Used Car Market Headed for Bloodbath Amid Coronavirus Woes?
- There is a tremendous amount of risk associated with the used-vehicle market, given weak demand for vehicles and economic uncertainty.
- 04/24/2020
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Is Used Car Market Headed for Bloodbath Amid Coronavirus Woes?
- There is a tremendous amount of risk associated with the used-vehicle market, given weak demand for vehicles and economic uncertainty.
- 04/24/2020
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CHK, BYND among premarket gainers
- Mesoblast (NASDAQ:MESO) +119% as cell therapy shows significant benefit in COVID-19 patients.Medigus (NASDAQ:MDGS) +73% on COVID-19 plan.Pluristem Therapeutics (NASDAQ:PSTI) +20% on €50 capital raise.
- 04/24/2020
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Forget Hertz and Avis, but J.P. Morgan Says This Auto Stock Could Double
- J.P. Morgan is throwing in the towel on Hertz and Avis Budget. Analyst Ryan Brinkman is also cautious on auto parts suppliers and manufacturers. But he has one investment idea for investors.
- 04/24/2020
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KAR Auction Services (NYSE:KAR) Upgraded to "Hold" at Zacks Investment Research
- KAR Auction Services (NYSE:KAR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, Zacks.com reports. According to Zacks, “KAR Auction Services, Inc., through its subsidiaries, operates as a used vehicle and salvage auto auction company in North America. The company operates […]
- 04/24/2020
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's Top Upgrades, Downgrades For April 23, 2020
- Upgrades
Compass Point changed the rating for Central Pacific Financial Corp (NYSE: CPF) from Neutral to Buy. Central Pacific Financial earned $0.29 in the first...
- 04/23/2020
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KAR Auction +3% after JPMorgan points to upside
- KAR Auction Services (NYSE:KAR) is on watch after an interesting call from JPMorgan out of the auto retail sector.The firm pushes KAR up to an Overweight rating and assigns a price target of $19 (more
- 04/23/2020
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JP Morgan Upgrades KAR Auction Services to Overweight, Announces $19 Price Target
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Royce International Premier Fund Buys Alimak Group AB, FDM Group (Holdings) PLC, Marel hf, ...
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Highlights From Third Point’s 2020 Q1 Investor Letter
- Third Point is a hedge fund founded by Daniel Loeb in 1995. The fund delivered negative returns of about 16% in the first quarter. On April 16, Daniel Loeb said in a letter to investors (download a copy here) that Sony Corporation (NYSE:SNE) stock struggled in the first quarter. The stock has been declining
- 04/20/2020
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Ladenburg Thalmann Financial Services Inc. Acquires 1,594 Shares of KAR Auction Services Inc (NYSE:KAR)
- Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of KAR Auction Services Inc (NYSE:KAR) by 32.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,583 shares of the specialty retailer’s stock after acquiring an additional 1,594 shares during the period. Ladenburg Thalmann Financial Services Inc.’s […]
- 04/20/2020
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Is There More To KAR Auction Services, Inc. (NYSE:KAR) Than Its 7.7% Returns On Capital?
- Today we are going to look at KAR Auction Services, Inc. (NYSE:KAR) to see whether it might be an attractive...
- 04/17/2020
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Empowered Funds LLC Makes New $1.24 Million Investment in KAR Auction Services Inc (NYSE:KAR)
- Empowered Funds LLC acquired a new position in KAR Auction Services Inc (NYSE:KAR) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 103,339 shares of the specialty retailer’s stock, valued at approximately $1,240,000. Empowered Funds LLC owned 0.08% of KAR Auction Services […]
- 04/17/2020
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KAR Auction Services, Inc -- Moody's downgrades KAR's CFR to B2, changes outlook to negative due to COVID-19 disruption
- Moody's Investors Service ("Moody's") downgraded KAR Auction Services Inc's ("KAR") corporate family rating to B2 from B1, as well as the senior secured credit facilities rating to Ba3 (LGD2) from Ba2 and the senior unsecured rating to Caa1 (LGD5) from B3. Moody's also changed the outlook to negative from stable due to the disruption and uncertainty that the coronavirus outbreak will cause to KAR's business model. Moody's downgraded the speculative grade liquidity rating ("SGL") to SGL-3 from SGL-1.
- 04/16/2020
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Stephens & Co. Maintains Equal-Weight on KAR Auction Services, Lowers Price Target to $13
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IAA, Inc. -- Moody's changes IAA's outlook to negative due to COVID-19 disruption; affirms Ba3 CFR
- Moody's Investors Service ("Moody's") changed the outlook for IAA, Inc. ("IAA") to negative from stable due to the expected disruption caused by the coronavirus outbreak to its business model. Moody's affirmed IAA's Ba3 corporate family rating ("CFR") and Ba3-PD probability of default rating, and affirmed the Ba2 (LGD2) and B2 (LGD5) ratings on IAA's senior secured credit facilities and senior unsecured notes, respectively.
- 04/14/2020
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Zacks: Brokerages Expect KAR Auction Services Inc (NYSE:KAR) to Post $0.23 Earnings Per Share
- Equities analysts expect that KAR Auction Services Inc (NYSE:KAR) will announce earnings of $0.23 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for KAR Auction Services’ earnings. The lowest EPS estimate is $0.10 and the highest is $0.34. KAR Auction Services reported earnings per share of $0.70 in […]
- 04/13/2020
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