Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

KAR AUCTION SERVICES, INC.

(KAR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

KAR Auction Services : Autoniq Launches Wholesale Index, Helping Dealers Make Data-Backed Selling Decisions

10/05/2021 | 09:09am EST

autoniq®, a business unit of global technology solutions provider and a leading operator of digital marketplaces for wholesale used vehicles KAR Auction Services Inc. d/b/a KAR Global (NYSE: KAR), announces the autoniq Wholesale Index™. The new product provides direct access to auction data on vehicles sold at auction-both online and at physical locations.

The data is available by subscription on the autoniq app and showcases information on similar year, make, and model vehicles sold at auction; users can toggle the data from as close as 50 miles to as far as 3,000 miles from their dealership. Data is comprised of ADESA sales data for the last 90 days.

"With extreme volatility in the used car market today, dealers need new vehicle valuation data more than ever to preserve and optimize their margins," said Rick Griskie, president of digital marketplaces at KAR Global. "The autoniq Wholesale Index provides real transaction data from the dealer's local market, allowing them to make informed, data-backed bidding and buying decisions."

The autoniq Wholesale Index was developed based off feedback from dealers seeking more comprehensive live market data. With the new digital tool, dealers can see a quick summary showcasing the average local wholesale transaction price and average mileage of a specific vehicle's make, model, year and trim. The autoniq Wholesale Index detail view is updated frequently to ensure customers have the right data at the right time.

"Dealers want to know what's happening in their local marketplace-they're looking for access to actual transaction data," said Joe Oliveri, vice president of product management and data services at KAR Global. "This powerful new tool gives our dealers a competitive edge so they can quickly and conveniently budget, bid, price and ultimately maximize returns."

Existing users can add autoniq Wholesale Index to their account by contacting support@autoniq.com. New users can sign up at autoniq.com/signup or by calling (866) 482-8421.

autoniq powers the leading source for vehicle pricing and evaluation information, giving automotive dealers the confidence they need to make buying decisions for their business-all in one application. Dealers can scan VINs with a fast and accurate VIN scanner, browse available auction inventory for nearly 400 auctions and search for vehicles from mobile or desktop.

Disclaimer

KAR Auction Services Inc. published this content on 05 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2021 13:08:02 UTC.


ę Publicnow 2021
All news about KAR AUCTION SERVICES, INC.
12/02KAR AUCTION SERVICES, INC.(NYSE : KAR) added to S&P 600
CI
12/02KAR AUCTION SERVICES, INC.(NYSE : KAR) added to S&P 600 Industrials
CI
12/02KAR AUCTION SERVICES, INC.(NYSE : KAR) dropped from S&P 400 Industrials
CI
12/02KAR AUCTION SERVICES, INC.(NYSE : KAR) dropped from S&P 400
CI
11/30KAR AUCTION SERVICES : OPENLANE iQ™ Accelerates Platform Evolution, Expanding Indust..
PU
11/29KAR Global Announces Participation in Upcoming Investor Conference
PR
11/26Health Care Stocks Slip But Outperform Broader Friday Markets as COVID Worries Re-Emerg..
MT
11/22KAR Global Announces Participation in Upcoming Investor Conference
PR
11/10KAR Global Announces Participation in Upcoming Investor Conference
PR
11/09ADESA Enhances Customer Experience with Simplified Online Self-Checkout
PU
More news
Analyst Recommendations on KAR AUCTION SERVICES, INC.
More recommendations
Financials (USD)
Sales 2021 2 205 M - -
Net income 2021 58,4 M - -
Net Debt 2021 1 679 M - -
P/E ratio 2021 98,8x
Yield 2021 -
Capitalization 2 015 M 2 015 M -
EV / Sales 2021 1,68x
EV / Sales 2022 1,56x
Nbr of Employees 9 400
Free-Float 98,6%
Chart KAR AUCTION SERVICES, INC.
Duration : Period :
KAR Auction Services, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KAR AUCTION SERVICES, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 16,63 $
Average target price 19,00 $
Spread / Average Target 14,3%
EPS Revisions
Managers and Directors
Peter J. Kelly Chief Executive Officer & Director
Eric Michael Loughmiller Executive VP, Chief Financial & Accounting Officer
James P. Hallett Executive Chairman
Thomas J. Fisher Chief Technology Officer & Executive VP
Michael T. Kestner Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
KAR AUCTION SERVICES, INC.-22.46%2 015
COPART, INC.15.53%34 539
CARMAX, INC.48.54%23 130
CARVANA CO.9.11%22 368
IAA, INC.-25.24%6 551
AMERICA'S CAR-MART, INC.-11.25%682