Aug. 23: KAR Auction Services Inc (KAR:NYQ) shares rise

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Shares in KAR Auction Services Inc (KAR:NYQ) finished Aug. 23 at $15.59 USD.

This is a 3.04 percent rise from the day before when it closed at $15.13.

On Aug. 23, KAR Auction Services Inc (KAR:NYQ) shares reached a high of $15.68 and a low of $15.29 during trading.

KAR Auction Services Inc has reported net income of -$190.5 million and employs 4,500 workers.

Despite a tumultuous year with the COVID-19 pandemic, the US stock market overall remained strong in 2021.

Tony Despirito at investment firm BlackRock said the U.S. stock market overall remained strong, despite the tumultuous years during the COVID-19 pandemic. “Overall, companies... beat analyst expectations on both earnings per share and revenue growth. But the latter [was] particularly strong.”

Unfortunately, 2022 proved to be a devastating year for the U.S. stock market. “This [was] an absolutely shocking year with no place to hide,” Aoifinn Devitt, Moneta's chief investment officer, said.

Rate hikes to mitigate the effects of inflation, as well as global issues related to war and the pandemic, were blamed for the downturn in the U.S. stock market and economy.

Nothing in this article is to be assumed as financial advice.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Share price of KAR Auction Services Inc stocks on Aug. 23

Name of CompanyPrice at End of DayPrice Day Before
KAR Auction Services Inc$15.59$15.13

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