Equities analysts predict that KAR Auction Services, Inc (NYSE:KAR) will post earnings per share of $0.51 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for KAR Auction Services’ earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.43. KAR Auction Services reported earnings per share of $0.50 during the same quarter last year, which would indicate a positive year over year growth rate of 2%. The company is expected to announce its next quarterly earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that KAR Auction Services will report full-year earnings of $2.22 per share for the current year, with EPS estimates ranging from $2.15 to $2.25. For the next fiscal year, analysts forecast that the firm will report earnings of $2.47 per share, with EPS estimates ranging from $2.35 to $2.65. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for KAR Auction Services.

KAR Auction Services (NYSE:KAR) last announced its earnings results on Tuesday, August 8th. The specialty retailer reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.07. The business had revenue of $858 million during the quarter, compared to the consensus estimate of $850.67 million. KAR Auction Services had a return on equity of 21.56% and a net margin of 6.83%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS.

A number of research firms have issued reports on KAR. BidaskClub raised KAR Auction Services from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research cut KAR Auction Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Gabelli initiated coverage on KAR Auction Services in a research note on Tuesday, July 4th. They set a “buy” rating and a $62.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $54.33.

Shares of KAR Auction Services (KAR) traded up 1.15% during mid-day trading on Friday, reaching $43.04. The company’s stock had a trading volume of 1,284,885 shares. The company’s 50-day moving average is $41.64 and its 200 day moving average is $43.44. The firm has a market capitalization of $5.86 billion, a P/E ratio of 26.40 and a beta of 1.12. KAR Auction Services has a 1-year low of $38.16 and a 1-year high of $47.03.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Wednesday, September 20th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Tuesday, September 19th. KAR Auction Services’s dividend payout ratio (DPR) is 78.53%.

COPYRIGHT VIOLATION NOTICE: “$0.51 EPS Expected for KAR Auction Services, Inc (KAR) This Quarter” was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.watchlistnews.com/0-51-eps-expected-for-kar-auction-services-inc-kar-this-quarter/1475692.html.

In other news, CEO John W. Kett sold 10,008 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $42.06, for a total transaction of $420,936.48. Following the completion of the transaction, the chief executive officer now directly owns 58,941 shares of the company’s stock, valued at $2,479,058.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Kett sold 9,913 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $43.92, for a total value of $435,378.96. Following the transaction, the chief executive officer now directly owns 51,805 shares of the company’s stock, valued at $2,275,275.60. The disclosure for this sale can be found here. Insiders have sold 29,932 shares of company stock worth $1,276,878 in the last 90 days. 1.30% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of KAR. BlackRock Inc. raised its position in shares of KAR Auction Services by 20,047.2% in the first quarter. BlackRock Inc. now owns 5,618,436 shares of the specialty retailer’s stock worth $245,357,000 after buying an additional 5,590,549 shares during the period. MARSHALL WACE ASIA Ltd acquired a new position in shares of KAR Auction Services during the first quarter worth about $71,664,000. Marshall Wace North America L.P. acquired a new position in shares of KAR Auction Services during the first quarter worth about $71,664,000. FMR LLC raised its position in shares of KAR Auction Services by 9.7% in the first quarter. FMR LLC now owns 16,076,350 shares of the specialty retailer’s stock worth $702,054,000 after buying an additional 1,421,328 shares during the period. Finally, Janus Capital Management LLC raised its position in shares of KAR Auction Services by 479.1% in the first quarter. Janus Capital Management LLC now owns 1,348,178 shares of the specialty retailer’s stock worth $58,875,000 after buying an additional 1,115,378 shares during the period.

About KAR Auction Services

KAR Auction Services, Inc is a provider of whole car auction services in North America, and salvage auction services in North America and the United Kingdom. The Company operates through three segments: ADESA, Inc (ADESA Auctions or ADESA), Insurance Auto Auctions, Inc (IAA) and Automotive Finance Corporation (AFC).

Get a free copy of the Zacks research report on KAR Auction Services (KAR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for KAR Auction Services (NYSE:KAR)

Receive News & Ratings for KAR Auction Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KAR Auction Services Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.