Great Lakes Advisors LLC bought a new position in KAR Auction Services Inc (NYSE:KAR) during the 3rd quarter, HoldingsChannel reports. The fund bought 12,666 shares of the specialty retailer’s stock, valued at approximately $756,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of KAR. TD Asset Management Inc. grew its holdings in shares of KAR Auction Services by 4.7% in the 2nd quarter. TD Asset Management Inc. now owns 178,000 shares of the specialty retailer’s stock worth $9,754,000 after purchasing an additional 8,000 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of KAR Auction Services in the 2nd quarter worth about $283,000. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of KAR Auction Services by 83.8% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 86,316 shares of the specialty retailer’s stock worth $4,730,000 after purchasing an additional 39,360 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of KAR Auction Services by 22.5% in the 2nd quarter. First Trust Advisors LP now owns 170,325 shares of the specialty retailer’s stock worth $9,334,000 after purchasing an additional 31,327 shares during the last quarter. Finally, Virginia Retirement Systems ET AL grew its holdings in shares of KAR Auction Services by 282.7% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 19,900 shares of the specialty retailer’s stock worth $1,091,000 after purchasing an additional 14,700 shares during the last quarter. 97.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE KAR opened at $51.04 on Friday. The stock has a market cap of $7.30 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.57 and a beta of 1.13. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.32 and a current ratio of 1.32. KAR Auction Services Inc has a 12-month low of $48.22 and a 12-month high of $64.55.

KAR Auction Services (NYSE:KAR) last issued its quarterly earnings results on Tuesday, November 6th. The specialty retailer reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.01). The company had revenue of $933.50 million for the quarter, compared to analyst estimates of $910.43 million. KAR Auction Services had a return on equity of 26.50% and a net margin of 11.62%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $0.57 EPS. On average, sell-side analysts forecast that KAR Auction Services Inc will post 2.93 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Thursday, December 20th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, December 19th. This represents a $1.40 annualized dividend and a yield of 2.74%. KAR Auction Services’s dividend payout ratio (DPR) is 56.00%.

In related news, COO Donald S. Gottwald sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $62.98, for a total transaction of $629,800.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.29% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on KAR. Zacks Investment Research lowered shares of KAR Auction Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Barrington Research set a $70.00 target price on shares of KAR Auction Services and gave the stock a “buy” rating in a report on Monday, November 5th. Finally, ValuEngine lowered shares of KAR Auction Services from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $65.29.

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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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