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KAR Auction Services Inc (KAR) EVP Sells $118,152.00 in Stock

KAR Auction Services Inc (NYSE:KAR) EVP Lisa A. Price sold 2,188 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $54.00, for a total transaction of $118,152.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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Lisa A. Price also recently made the following trade(s):

KAR Auction Services Inc (NYSE KAR) traded down $0.26 during trading on Friday, hitting $53.95. 1,035,104 shares of the stock traded hands, compared to its average volume of 960,223. The firm has a market capitalization of $7,268.83, a PE ratio of 21.90, a PEG ratio of 1.67 and a beta of 1.07. KAR Auction Services Inc has a 12 month low of $40.27 and a 12 month high of $55.19. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.31 and a quick ratio of 1.31.

KAR Auction Services (NYSE:KAR) last released its quarterly earnings results on Tuesday, February 20th. The specialty retailer reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.10. The company had revenue of $890.40 million during the quarter, compared to analysts’ expectations of $882.22 million. KAR Auction Services had a net margin of 10.47% and a return on equity of 23.61%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. equities research analysts forecast that KAR Auction Services Inc will post 2.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Thursday, March 22nd will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Wednesday, March 21st. KAR Auction Services’s dividend payout ratio (DPR) is presently 53.03%.

Institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its holdings in KAR Auction Services by 9.4% during the second quarter. The Manufacturers Life Insurance Company now owns 4,210 shares of the specialty retailer’s stock worth $177,000 after purchasing an additional 363 shares during the last quarter. Vident Investment Advisory LLC boosted its holdings in KAR Auction Services by 12.9% during the third quarter. Vident Investment Advisory LLC now owns 9,307 shares of the specialty retailer’s stock worth $444,000 after purchasing an additional 1,061 shares during the last quarter. Aperio Group LLC boosted its holdings in KAR Auction Services by 3.6% during the fourth quarter. Aperio Group LLC now owns 31,276 shares of the specialty retailer’s stock worth $1,580,000 after purchasing an additional 1,099 shares during the last quarter. Amalgamated Bank boosted its holdings in KAR Auction Services by 4.2% during the fourth quarter. Amalgamated Bank now owns 27,041 shares of the specialty retailer’s stock worth $1,366,000 after purchasing an additional 1,101 shares during the last quarter. Finally, KBC Group NV boosted its holdings in KAR Auction Services by 81.5% during the third quarter. KBC Group NV now owns 2,696 shares of the specialty retailer’s stock worth $129,000 after purchasing an additional 1,211 shares during the last quarter. Institutional investors own 97.65% of the company’s stock.

KAR has been the subject of several recent analyst reports. Gabelli downgraded shares of KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 target price for the company. in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of KAR Auction Services from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, November 8th. Stephens set a $57.00 target price on shares of KAR Auction Services and gave the company a “hold” rating in a research note on Wednesday, January 17th. Robert W. Baird reaffirmed a “buy” rating and issued a $58.00 target price on shares of KAR Auction Services in a research note on Friday, February 23rd. Finally, Barrington Research set a $55.00 price target on shares of KAR Auction Services and gave the company a “buy” rating in a report on Sunday, February 25th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. KAR Auction Services has a consensus rating of “Buy” and an average price target of $55.29.

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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).