Luminex (LMNX) Reaches $22.45 After 5.00% Up Move; Adesa (KAR)’s Sentiment Is 1.69

May 7, 2018 - By Hugh Holland

KAR Auction Services, Inc. (NYSE:KAR) Logo

The stock of Luminex Corporation (NASDAQ:LMNX) is a huge mover today! The stock increased 4.91% or $1.05 during the last trading session, reaching $22.45. About 85,407 shares traded. Luminex Corporation (NASDAQ:LMNX) has risen 15.14% since May 7, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.The move comes after 6 months positive chart setup for the $997.47 million company. It was reported on May, 7 by Barchart.com. We have $23.57 PT which if reached, will make NASDAQ:LMNX worth $49.87 million more.

Adesa Inc (KAR) investors sentiment increased to 1.69 in 2017 Q4. It’s up 0.36, from 1.33 in 2017Q3. The ratio is better, as 177 funds increased or opened new holdings, while 105 decreased and sold their equity positions in Adesa Inc. The funds in our database now possess: 127.57 million shares, down from 129.67 million shares in 2017Q3. Also, the number of funds holding Adesa Inc in top ten holdings was flat from 3 to 3 for the same number . Sold All: 28 Reduced: 77 Increased: 119 New Position: 58.

Analysts await KAR Auction Services, Inc. (NYSE:KAR) to report earnings on May, 8. They expect $0.74 earnings per share, up 19.35% or $0.12 from last year’s $0.62 per share. KAR’s profit will be $99.86M for 17.92 P/E if the $0.74 EPS becomes a reality. After $0.63 actual earnings per share reported by KAR Auction Services, Inc. for the previous quarter, Wall Street now forecasts 17.46% EPS growth.

Ratings analysis reveals 100% of KAR Auction Services’s analysts are positive. Out of 2 Wall Street analysts rating KAR Auction Services, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. KAR was included in 2 notes of analysts from August 26, 2016. The rating was initiated by Gabelli on Friday, April 7 with “Buy”. The firm earned “Positive” rating on Friday, August 26 by Susquehanna.

The stock decreased 1.25% or $0.67 during the last trading session, reaching $53.05. About 277,994 shares traded. KAR Auction Services, Inc. (KAR) has risen 22.53% since May 7, 2017 and is uptrending. It has outperformed by 10.98% the S&P500.

KAR Auction Services, Inc., together with its subsidiaries, provides vehicle auction services in the United States, Canada, Mexico, and the United Kingdom. The company has market cap of $7.16 billion. It operates in three divisions: ADESA Auctions, IAA, and AFC. It has a 20.25 P/E ratio. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.

Snyder Capital Management L P holds 4.79% of its portfolio in KAR Auction Services, Inc. for 1.90 million shares. Cardinal Capital Management Llc Ct owns 1.64 million shares or 3.25% of their US portfolio. Moreover, Marathon Partners Equity Management Llc has 2.9% invested in the company for 142,500 shares. The New York-based Incline Global Management Llc has invested 2.83% in the stock. Reinhart Partners Inc., a Wisconsin-based fund reported 515,388 shares.

More news for KAR Auction Services, Inc. (NYSE:KAR) were recently published by: Globenewswire.com, which released: “KAR Auction Services, Inc. to Announce First Quarter 2018 Earnings” on April 24, 2018. Globenewswire.com‘s article titled: “Report: Developing Opportunities within CytomX Therapeutics, Pegasystems, Greif, Belden, Payment Data, and KAR …” and published on April 26, 2018 is yet another important article.

More recent Luminex Corporation (NASDAQ:LMNX) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 7, 2018” on May 07, 2018. Also Globenewswire.com published the news titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Bottomline Technologies, SkyWest, Pacific …” on April 27, 2018. Prnewswire.com‘s news article titled: “Luminex Corporation First Quarter Earnings Release Scheduled for May 7, 2018” with publication date: April 16, 2018 was also an interesting one.

Among 8 analysts covering Luminex Corp (NASDAQ:LMNX), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Luminex Corp had 16 analyst reports since August 4, 2015 according to SRatingsIntel. Jefferies maintained Luminex Corporation (NASDAQ:LMNX) rating on Wednesday, August 5. Jefferies has “Hold” rating and $19 target. JP Morgan upgraded Luminex Corporation (NASDAQ:LMNX) on Thursday, August 18 to “Neutral” rating. As per Monday, May 7, the company rating was upgraded by Deutsche Bank. Jefferies maintained the shares of LMNX in report on Friday, June 9 with “Hold” rating. On Tuesday, August 4 the stock rating was upgraded by Wedbush to “Outperform”. Piper Jaffray maintained the shares of LMNX in report on Sunday, September 17 with “Hold” rating. The firm earned “Hold” rating on Monday, October 23 by Piper Jaffray. Avondale initiated it with “Mkt Outperform” rating and $27 target in Wednesday, October 12 report. The firm has “Hold” rating by Jefferies given on Wednesday, September 13. Jefferies maintained Luminex Corporation (NASDAQ:LMNX) rating on Friday, October 20. Jefferies has “Hold” rating and $21.0 target.

KAR Auction Services, Inc. (NYSE:KAR) Institutional Positions Chart

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