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CARMEL, Ind. — Due to lower expected volume, Goldman Sachs Group has apparently trimmed its price target for KAR Auctions Services shares down to $15.

Goldman Sachs told investors it is still rating KAR as neutral. In Monday's midday trading, shares for the company reached $11.30, a gain of 0.18 percent.

KAR announced earlier this month that its second-quarter net income climbed to $28.6 million, and its corporate adjusted EBITDA was $131 million.