Banco de Sabadell S.A bought a new stake in KAR Auction Services Inc (NYSE:KAR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 37,378 shares of the specialty retailer’s stock, valued at approximately $2,043,000.

A number of other institutional investors have also added to or reduced their stakes in KAR. Wells Fargo & Company MN grew its position in KAR Auction Services by 7.1% in the first quarter. Wells Fargo & Company MN now owns 2,762,612 shares of the specialty retailer’s stock valued at $149,734,000 after acquiring an additional 183,166 shares during the last quarter. American Century Companies Inc. bought a new position in KAR Auction Services in the first quarter valued at about $553,000. State Board of Administration of Florida Retirement System grew its position in KAR Auction Services by 2.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 129,251 shares of the specialty retailer’s stock valued at $7,005,000 after acquiring an additional 3,251 shares during the last quarter. Swiss National Bank grew its position in KAR Auction Services by 0.6% in the first quarter. Swiss National Bank now owns 235,300 shares of the specialty retailer’s stock valued at $12,753,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in KAR Auction Services by 22.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 792,542 shares of the specialty retailer’s stock valued at $42,956,000 after acquiring an additional 143,872 shares during the last quarter. Hedge funds and other institutional investors own 99.73% of the company’s stock.

Shares of KAR stock opened at $63.30 on Thursday. KAR Auction Services Inc has a 12 month low of $45.11 and a 12 month high of $64.55. The stock has a market cap of $8.55 billion, a PE ratio of 25.28, a PEG ratio of 1.90 and a beta of 1.13. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.76.

KAR Auction Services (NYSE:KAR) last announced its quarterly earnings results on Tuesday, August 7th. The specialty retailer reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. KAR Auction Services had a return on equity of 26.15% and a net margin of 11.50%. The firm had revenue of $956.60 million for the quarter, compared to analyst estimates of $923.01 million. equities analysts predict that KAR Auction Services Inc will post 3 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Thursday, September 20th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Wednesday, September 19th. KAR Auction Services’s payout ratio is 56.00%.

KAR has been the topic of a number of recent analyst reports. SunTrust Banks set a $70.00 target price on KAR Auction Services and gave the company a “buy” rating in a research report on Thursday, August 9th. Zacks Investment Research cut KAR Auction Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Barrington Research reiterated a “buy” rating on shares of KAR Auction Services in a research report on Monday, August 6th. ValuEngine lowered KAR Auction Services from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Finally, Stephens reissued a “hold” rating and set a $60.00 price target on shares of KAR Auction Services in a research note on Thursday, August 9th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $62.25.

In related news, EVP Benjamin Skuy sold 59,560 shares of KAR Auction Services stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $62.74, for a total value of $3,736,794.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider James E. Money II sold 16,000 shares of KAR Auction Services stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $62.17, for a total value of $994,720.00. Following the completion of the transaction, the insider now directly owns 25,619 shares in the company, valued at $1,592,733.23. The disclosure for this sale can be found here. Insiders have sold 374,989 shares of company stock worth $22,867,227 over the last three months. Insiders own 1.29% of the company’s stock.

About KAR Auction Services

KAR Auction Services, Inc, together with its subsidiaries, provides used car auction and salvage auction services in the United States, Canada, Mexico, and the United Kingdom. The company operates through three segments: ADESA Auctions, IAA, and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.

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Institutional Ownership by Quarter for KAR Auction Services (NYSE:KAR)

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