This is far too cheap by any valuation metric on an absolute, comparative and precedent basis.
The current share price and implied Enterprise Value / EBITDA doesn't reflect the oil cycle let alone price shocks in relation to the middle east. The market is pricing in an acquisition. A $3.0 per share price hardly stretches multiples. I suspect KAR will be a takeover target by a larger group if we're still sitting here in 6 months without an acquisition.
This is far too cheap by any valuation metric on an absolute,...
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Last
$1.64 |
Change
0.115(7.54%) |
Mkt cap ! $1.303B | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.65 | $1.58 | $17.83M | 10.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4886 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 19457 | 3 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| KAR (ASX) Chart |