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KAR Buyback image

KAR Auction Services, Inc Buyback

OLI recorded this information on 8/3/2015

Company: KAR Auction Services, Inc
Buyback: KAR buyback
$Amount Authorized: $200,000,000
Buyback Details: KAR Auction Services, Inc. (NYSE: KAR) (the "Company") announced today that it plans to enter into an accelerated share repurchase agreement under which the Company expects to repurchase up to $200 million of the Company's common stock on an accelerated basis. The accelerated share repurchase is part of the Company's previously authorized program to repurchase up to $300 million of the Company's common stock.

OPENLANE is a provider of used vehicle auctions and related vehicle remarketing services in North America and Europe. Co. also provides ancillary services, including transportation, reconditioning, inspections, marshalling, titling, collateral recovery services and floorplan financing. Co. operates as two reportable business segments: Co.'s subsidiaries, ADESA, Inc. (ADESA) and Automotive Finance Corporation (AFC). Through its ADESA segment, Co. is a provider of whole car auctions and related services to the vehicle remarketing industry in North America. Through its AFC segment, Co. is a provider of floorplan financing to independent used vehicle dealers.

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KAR — Key Stats (updated 7 hours, 14 minutes ago)
Company Name:  OPENLANE Inc.
Stock buyback:  KAR buyback
Website:  www.karauctionservices.com
Sector:  Auto Dealerships
Number of ETFs Holding KAR:  45
Total Market Value Held by ETFs:  $458.27M
Total Market Capitalization:  $1.90B
% of Market Cap. Held by ETFs:  24.16%
 

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April 25, 2024  •  6:21 PM Eastern
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Avg. Broker Rec.

Buy (2.80 out of 4)
17th percentile
(ranked lower than approx. 83% of all stocks covered)

Analysts' Target Price:
KAR Stock Forecast

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