KAR Auction Services (KAR) Receiving Somewhat Positive News Coverage, Analysis Shows

Media headlines about KAR Auction Services (NYSE:KAR) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. KAR Auction Services earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the specialty retailer an impact score of 46.1301807962011 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

KAR has been the subject of a number of analyst reports. Zacks Investment Research downgraded KAR Auction Services from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. JPMorgan Chase & Co. raised their price objective on KAR Auction Services from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. Gabelli downgraded 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. Finally, Stephens set a $57.00 price objective on KAR Auction Services and gave the stock a “hold” rating in a research report on Wednesday, January 17th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. KAR Auction Services has an average rating of “Buy” and an average target price of $54.40.

Shares of KAR Auction Services (NYSE:KAR) traded up $0.52 on Friday, hitting $52.02. The stock had a trading volume of 1,297,525 shares, compared to its average volume of 823,499. KAR Auction Services has a 52 week low of $40.27 and a 52 week high of $55.19. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $6,966.14, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10.

In related news, EVP Benjamin Skuy sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $48.50, for a total transaction of $582,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lisa A. Price sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $51.18, for a total value of $511,800.00. The disclosure for this sale can be found here. Insiders have sold 28,563 shares of company stock valued at $1,448,530 over the last 90 days. 1.30% of the stock is owned by corporate 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).

Insider Buying and Selling by Quarter for KAR Auction Services (NYSE:KAR)

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