Dimensional Fund Advisors LP lifted its position in KAR Auction Services Inc (NYSE:KAR) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,337,828 shares of the specialty retailer’s stock after acquiring an additional 50,703 shares during the quarter. Dimensional Fund Advisors LP owned 0.99% of KAR Auction Services worth $63,864,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of KAR Auction Services by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 11,344,446 shares of the specialty retailer’s stock worth $476,126,000 after acquiring an additional 57,704 shares in the last quarter. BlackRock Inc. grew its position in shares of KAR Auction Services by 1.9% in the 2nd quarter. BlackRock Inc. now owns 5,726,037 shares of the specialty retailer’s stock worth $240,320,000 after acquiring an additional 107,601 shares in the last quarter. Bessemer Group Inc. grew its position in shares of KAR Auction Services by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 3,207,071 shares of the specialty retailer’s stock worth $153,105,000 after acquiring an additional 91,373 shares in the last quarter. Schroder Investment Management Group grew its position in shares of KAR Auction Services by 11.1% in the 3rd quarter. Schroder Investment Management Group now owns 3,033,008 shares of the specialty retailer’s stock worth $142,612,000 after acquiring an additional 302,029 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of KAR Auction Services by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,147,425 shares of the specialty retailer’s stock worth $100,972,000 after acquiring an additional 30,299 shares in the last quarter. Institutional investors own 99.18% of the company’s stock.

KAR Auction Services Inc (NYSE:KAR) opened at $50.51 on Friday. KAR Auction Services Inc has a 12-month low of $40.27 and a 12-month high of $51.52. The stock has a market capitalization of $6,832.23, a P/E ratio of 29.71, a P/E/G ratio of 1.59 and a beta of 1.07. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.35 and a current 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 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $843.00 million during the quarter, compared to analyst estimates of $846.42 million. During the same quarter in the previous year, the firm posted $0.50 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. equities analysts forecast that KAR Auction Services Inc will post 2.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.40 dividend on an annualized basis and a yield of 2.77%. This is a positive change from KAR Auction Services’s previous quarterly dividend of $0.32. KAR Auction Services’s payout ratio is currently 82.35%.

A number of research firms recently issued reports on KAR. Gabelli lowered KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a research report on Thursday, November 2nd. Zacks Investment Research upgraded KAR Auction Services from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Tuesday, October 10th. Jefferies Group restated a “buy” rating and set a $50.00 price objective on shares of KAR Auction Services in a research report on Tuesday, September 12th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Stephens lowered KAR Auction Services from an “overweight” rating to an “equal weight” rating and reduced their price objective 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’s stock. The company has an average rating of “Buy” and a consensus price target of $52.20.

In other KAR Auction Services news, EVP Benjamin Skuy sold 12,000 shares of KAR Auction Services stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $48.50, for a total transaction of $582,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Donald S. Gottwald sold 10,000 shares of KAR Auction Services stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $48.14, for a total value of $481,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 32,000 shares of company stock worth $1,575,200 in the last ninety days. 1.30% of the stock is owned by company insiders.

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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).

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

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