San Francisco Sentry Investment Group CA lowered its position in KAR Auction Services, Inc (NYSE:KAR) by 23.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,370 shares of the specialty retailer’s stock after selling 1,340 shares during the period. San Francisco Sentry Investment Group CA’s holdings in KAR Auction Services were worth $183,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of KAR Auction Services by 0.5% in the second quarter. Vanguard Group Inc. now owns 11,344,446 shares of the specialty retailer’s stock valued at $476,126,000 after acquiring an additional 57,704 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of KAR Auction Services by 18.6% in the second quarter. Principal Financial Group Inc. now owns 5,867,365 shares of the specialty retailer’s stock valued at $246,255,000 after acquiring an additional 918,735 shares during the last quarter. BlackRock Inc. raised its stake in shares of KAR Auction Services by 1.9% in the second quarter. BlackRock Inc. now owns 5,726,037 shares of the specialty retailer’s stock valued at $240,320,000 after acquiring an additional 107,601 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of KAR Auction Services by 43.0% in the second quarter. Bessemer Group Inc. now owns 3,115,698 shares of the specialty retailer’s stock valued at $130,767,000 after acquiring an additional 937,368 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of KAR Auction Services by 5.0% in the second quarter. Schroder Investment Management Group now owns 2,730,979 shares of the specialty retailer’s stock valued at $114,045,000 after acquiring an additional 130,936 shares during the last quarter. Institutional investors own 99.27% of the company’s stock.

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In related news, CEO John W. Kett sold 10,011 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $42.01, for a total value of $420,562.11. Following the completion of the transaction, the chief executive officer now owns 65,982 shares of the company’s stock, valued at approximately $2,771,903.82. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Donald S. Gottwald sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $43.68, for a total transaction of $436,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 20,031 shares of company stock worth $858,249 in the last quarter. 1.30% of the stock is currently owned by company insiders.

KAR Auction Services, Inc (NYSE KAR) traded down 0.08% on Friday, hitting $47.87. 48,746 shares of the stock were exchanged. KAR Auction Services, Inc has a 1-year low of $38.16 and a 1-year high of $48.65. The company has a market capitalization of $6.58 billion, a PE ratio of 29.37 and a beta of 1.07. The company has a 50-day moving average price of $45.72 and a 200 day moving average price of $43.49.

KAR Auction Services (NYSE:KAR) last posted its quarterly earnings results on Tuesday, August 8th. The specialty retailer reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.07. The business had revenue of $858.00 million for the quarter, compared to analyst estimates of $850.67 million. KAR Auction Services had a net margin of 6.83% and a return on equity of 21.46%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. Analysts anticipate that KAR Auction Services, Inc will post $2.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Wednesday, September 20th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, September 19th. This represents a $1.28 annualized dividend and a dividend yield of 2.67%. KAR Auction Services’s dividend payout ratio is 78.53%.

A number of research firms have recently issued reports on KAR. Zacks Investment Research cut shares of KAR Auction Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub cut shares of KAR Auction Services from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Gabelli began coverage on shares of KAR Auction Services in a research note on Tuesday, July 4th. They issued a “buy” rating and a $62.00 target price for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $50.00 target price on shares of KAR Auction Services in a research note on Tuesday, September 12th. Finally, Stephens cut shares of KAR Auction Services from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $51.00 to $48.00 in a research note on Thursday, September 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $53.33.

About KAR Auction Services

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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