Is Kar Auction Services Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 3 Wall Street analysts covering (NYSE: KAR) stock is to Hold KAR stock.
Out of 3 analysts, 0 (0%) are recommending KAR as a Strong Buy, 1 (33.33%) are recommending KAR as a Buy, 1 (33.33%) are recommending KAR as a Hold, 1 (33.33%) are recommending KAR as a Sell, and 0 (0%) are recommending KAR as a Strong Sell.
What is KAR's forecast return on equity (ROE) for 2023-2023?
(NYSE: KAR) forecast ROE is 6.58%, which is considered weak.
What is KAR's Price Target?
According to 3 Wall Street analysts that have issued a 1 year KAR price target, the average KAR price target is $18.33, with the highest KAR stock price forecast at $25.00 and the lowest KAR stock price forecast at $13.00.
On average, Wall Street analysts predict that Kar Auction Services's share price could reach $18.33 by May 3, 2024. The average Kar Auction Services stock price prediction forecasts a potential upside of 21.49% from the current KAR share price of $15.09.
What is KAR's forecast return on assets (ROA) for 2023-2023?
(NYSE: KAR) forecast ROA is 1.95%, which is lower than the forecast US Specialty Retail industry average of 13.14%.
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