State of Alaska Department of Revenue reduced its stake in KAR Auction Services Inc (NYSE:KAR) by 5.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,627 shares of the specialty retailer’s stock after selling 835 shares during the period. State of Alaska Department of Revenue’s holdings in KAR Auction Services were worth $801,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Riverview Trust Co purchased a new position in KAR Auction Services in the fourth quarter valued at approximately $33,000. Arlington Partners LLC grew its position in shares of KAR Auction Services by 70.0% during the first quarter. Arlington Partners LLC now owns 850 shares of the specialty retailer’s stock worth $44,000 after acquiring an additional 350 shares during the last quarter. Private Capital Group LLC grew its position in shares of KAR Auction Services by 32.8% during the fourth quarter. Private Capital Group LLC now owns 993 shares of the specialty retailer’s stock worth $48,000 after acquiring an additional 245 shares during the last quarter. IFP Advisors Inc grew its position in shares of KAR Auction Services by 13.4% during the fourth quarter. IFP Advisors Inc now owns 1,683 shares of the specialty retailer’s stock worth $79,000 after acquiring an additional 199 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its position in shares of KAR Auction Services by 9,598.4% during the third quarter. Rehmann Capital Advisory Group now owns 6,207 shares of the specialty retailer’s stock worth $104,000 after acquiring an additional 6,143 shares during the last quarter.

Shares of KAR opened at $56.51 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $7.51 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 1.84 and a beta of 1.11. KAR Auction Services Inc has a 12-month low of $43.32 and a 12-month high of $64.55.

KAR Auction Services (NYSE:KAR) last announced its earnings results on Tuesday, February 19th. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. KAR Auction Services had a net margin of 8.70% and a return on equity of 26.46%. The business had revenue of $929.00 million for the quarter, compared to analyst estimates of $936.37 million. Analysts anticipate that KAR Auction Services Inc will post 2.98 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 22nd were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Thursday, March 21st. KAR Auction Services’s dividend payout ratio is presently 47.30%.

KAR has been the topic of a number of research reports. Barrington Research restated a “buy” rating on shares of KAR Auction Services in a research report on Wednesday, February 20th. Zacks Investment Research upgraded shares of KAR Auction Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 16th. Robert W. Baird restated a “buy” rating and set a $56.00 target price on shares of KAR Auction Services in a research report on Wednesday, February 20th. Finally, SunTrust Banks lowered their target price on shares of KAR Auction Services to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $63.00.

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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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