KAR Auction Services, Inc (NYSE:KAR) EVP Benjamin Skuy sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $48.50, for a total value of $582,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of KAR Auction Services, Inc (KAR) opened at $48.82 on Friday. KAR Auction Services, Inc has a 52-week low of $40.27 and a 52-week high of $49.38. The stock has a market capitalization of $6,603.64, a P/E ratio of 21.32, a PEG ratio of 1.54 and a beta of 1.08. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.35 and a quick ratio of 1.35.

KAR Auction Services (NYSE:KAR) last released its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. KAR Auction Services had a return on equity of 22.37% and a net margin of 6.94%. The firm had revenue of $843.00 million for the quarter, compared to analysts’ expectations of $846.42 million. During the same period in the prior year, the firm posted $0.50 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. sell-side analysts predict that KAR Auction Services, Inc will post 2.36 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This is a boost from KAR Auction Services’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 2.87%. KAR Auction Services’s dividend payout ratio is currently 75.29%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. lifted its holdings in KAR Auction Services by 29.0% in the third quarter. Raymond James Trust N.A. now owns 9,705 shares of the specialty retailer’s stock valued at $463,000 after acquiring an additional 2,179 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in KAR Auction Services by 105.6% in the second quarter. PNC Financial Services Group Inc. now owns 4,063 shares of the specialty retailer’s stock valued at $171,000 after acquiring an additional 2,087 shares during the last quarter. Brookstone Capital Management acquired a new position in KAR Auction Services in the second quarter valued at approximately $269,000. Ameriprise Financial Inc. lifted its holdings in KAR Auction Services by 39.0% in the second quarter. Ameriprise Financial Inc. now owns 693,871 shares of the specialty retailer’s stock valued at $29,125,000 after acquiring an additional 194,621 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in KAR Auction Services by 26.9% in the second quarter. Amalgamated Bank now owns 25,512 shares of the specialty retailer’s stock valued at $1,071,000 after acquiring an additional 5,402 shares during the last quarter. Hedge funds and other institutional investors own 98.57% of the company’s stock.

A number of research firms have recently issued reports on KAR. Zacks Investment Research upgraded KAR Auction Services from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Wednesday, November 8th. Gabelli lowered KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 price target for the company. in a research report on Thursday, November 2nd. J P Morgan Chase & Co upped their price target on KAR Auction Services from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. Jefferies Group LLC restated a “buy” rating and issued a $50.00 price target on shares of KAR Auction Services in a research report on Tuesday, September 12th. Finally, Stephens lowered KAR Auction Services from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $51.00 to $48.00 in a research report on Thursday, September 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $52.20.

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KAR Auction Services Company Profile

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).

Insider Buying and Selling by Quarter for KAR Auction Services (NYSE:KAR)

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