Nomura Holdings Inc. Grows Position in KAR Auction Services, Inc (KAR)

Nomura Holdings Inc. increased its position in shares of KAR Auction Services, Inc (NYSE:KAR) by 190.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,935 shares of the specialty retailer’s stock after buying an additional 15,693 shares during the quarter. Nomura Holdings Inc.’s holdings in KAR Auction Services were worth $1,005,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in KAR. BlackRock Inc. grew its stake in KAR Auction Services by 20,047.2% during the 1st quarter. BlackRock Inc. now owns 5,618,436 shares of the specialty retailer’s stock worth $245,357,000 after buying an additional 5,590,549 shares during the last quarter. Janus Henderson Group PLC purchased a new position in KAR Auction Services during the 2nd quarter worth approximately $69,833,000. Janus Capital Management LLC grew its stake in KAR Auction Services by 479.1% during the 1st quarter. Janus Capital Management LLC now owns 1,348,178 shares of the specialty retailer’s stock worth $58,875,000 after buying an additional 1,115,378 shares during the last quarter. Bessemer Group Inc. grew its stake in KAR Auction Services by 43.0% during the 2nd quarter. Bessemer Group Inc. now owns 3,115,698 shares of the specialty retailer’s stock worth $130,767,000 after buying an additional 937,368 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in KAR Auction Services by 18.6% during the 2nd quarter. Principal Financial Group Inc. now owns 5,867,365 shares of the specialty retailer’s stock worth $246,255,000 after buying an additional 918,735 shares during the last quarter. Hedge funds and other institutional investors own 99.26% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Nomura Holdings Inc. Grows Position in KAR Auction Services, Inc (KAR)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://ledgergazette.com/2017/10/18/nomura-holdings-inc-grows-position-in-kar-auction-services-inc-kar.html.

KAR Auction Services (NYSE:KAR) last posted its earnings results on Tuesday, August 8th. The specialty retailer reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.07. The company had revenue of $858.00 million during the quarter, compared to analyst estimates of $850.67 million. KAR Auction Services had a return on equity of 21.46% and a net margin of 6.83%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Wednesday, September 20th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Tuesday, September 19th. KAR Auction Services’s dividend payout ratio (DPR) is presently 78.53%.

A number of research analysts recently issued reports on the company. Gabelli assumed coverage on KAR Auction Services in a research note on Tuesday, July 4th. They set a “buy” rating and a $62.00 price target on the stock. BidaskClub upgraded KAR Auction Services from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded KAR Auction Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and set a $50.00 price target on shares of KAR Auction Services in a research note on Tuesday, September 12th. Finally, Stephens cut KAR Auction Services from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $51.00 to $48.00 in a research report on Thursday, September 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. KAR Auction Services has an average rating of “Buy” and a consensus target price of $53.50.

In other news, CEO John W. Kett sold 10,011 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $42.01, for a total transaction of $420,562.11. Following the completion of the transaction, the chief executive officer now directly owns 65,982 shares of the company’s stock, valued at $2,771,903.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Donald S. Gottwald sold 10,000 shares of the com

A number of other large investors have also recently added to or reduced their stakes in KAR. BlackRock Inc. grew its stake in KAR Auction Services by 20,047.2% during the 1st quarter. BlackRock Inc. now owns 5,618,436 shares of the specialty retailer’s stock worth $245,357,000 after buying an additional 5,590,549 shares during the last quarter. Janus Henderson Group PLC purchased a new position in KAR Auction Services during the 2nd quarter worth approximately $69,833,000. Janus Capital Management LLC grew its stake in KAR Auction Services by 479.1% during the 1st quarter. Janus Capital Management LLC now owns 1,348,178 shares of the specialty retailer’s stock worth $58,875,000 after buying an additional 1,115,378 shares during the last quarter. Bessemer Group Inc. grew its stake in KAR Auction Services by 43.0% during the 2nd quarter. Bessemer Group Inc. now owns 3,115,698 shares of the specialty retailer’s stock worth $130,767,000 after buying an additional 937,368 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in KAR Auction Services by 18.6% during the 2nd quarter. Principal Financial Group Inc. now owns 5,867,365 shares of the specialty retailer’s stock worth $246,255,000 after buying an additional 918,735 shares during the last quarter. Hedge funds and other institutional investors own 99.26% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Nomura Holdings Inc. Grows Position in KAR Auction Services, Inc (KAR)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://ledgergazette.com/2017/10/18/nomura-holdings-inc-grows-position-in-kar-auction-services-inc-kar.html.

KAR Auction Services (NYSE:KAR) last posted its earnings results on Tuesday, August 8th. The specialty retailer reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.07. The company had revenue of $858.00 million during the quarter, compared to analyst estimates of $850.67 million. KAR Auction Services had a return on equity of 21.46% and a net margin of 6.83%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Wednesday, September 20th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Tuesday, September 19th. KAR Auction Services’s dividend payout ratio (DPR) is presently 78.53%.

A number of research analysts recently issued reports on the company. Gabelli assumed coverage on KAR Auction Services in a research note on Tuesday, July 4th. They set a “buy” rating and a $62.00 price target on the stock. BidaskClub upgraded KAR Auction Services from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded KAR Auction Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and set a $50.00 price target on shares of KAR Auction Services in a research note on Tuesday, September 12th. Finally, Stephens cut KAR Auction Services from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $51.00 to $48.00 in a research report on Thursday, September 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. KAR Auction Services has an average rating of “Buy” and a consensus target price of $53.50.

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

KAR Auction Services 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)

Receive News & Ratings for KAR Auction Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KAR Auction Services Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply