KAR Auction Services Inc (NYSE:KAR) – Investment analysts at Barrington Research issued their Q1 2019 EPS estimates for shares of KAR Auction Services in a research note issued to investors on Friday, according to Zacks Investment Research. Barrington Research analyst G. Prestopino expects that the specialty retailer will earn $0.79 per share for the quarter. Barrington Research has a “Buy” rating and a $55.00 price target on the stock. Barrington Research also issued estimates for KAR Auction Services’ Q2 2019 earnings at $0.85 EPS, Q3 2019 earnings at $0.72 EPS and Q4 2019 earnings at $0.80 EPS.
Several other equities analysts also recently weighed in on KAR. Zacks Investment Research downgraded KAR Auction Services from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Stephens set a $57.00 price objective on 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 price objective on shares of KAR Auction Services in a research note on Friday, February 23rd. Gabelli raised KAR Auction Services from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Bank of America raised their price objective on KAR Auction Services from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, March 2nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. KAR Auction Services has a consensus rating of “Buy” and an average target price of $57.13.
KAR Auction Services (NYSE KAR) traded down $0.09 on Monday, hitting $55.82. The stock had a trading volume of 530,167 shares, compared to its average volume of 995,206. KAR Auction Services has a 1-year low of $40.27 and a 1-year high of $56.75. The firm has a market cap of $7,543.03, a PE ratio of 21.16, a P/E/G ratio of 1.72 and a beta of 1.08. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.80.
KAR Auction Services (NYSE:KAR) last posted its quarterly earnings results on Tuesday, February 20th. The specialty retailer reported $0.63 EPS for the quarter, beating the consensus estimate of $0.53 by $0.10. The business had revenue of $890.40 million during the quarter, compared to analysts’ expectations of $882.22 million. KAR Auction Services had a return on equity of 23.61% and a net margin of 10.47%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS.
A number of institutional investors have recently added to or reduced their stakes in KAR. SeaCrest Wealth Management LLC purchased a new stake in shares of KAR Auction Services in the fourth quarter valued at $103,000. SG Americas Securities LLC purchased a new stake in shares of KAR Auction Services in the fourth quarter valued at $105,000. Cerebellum GP LLC purchased a new stake in shares of KAR Auction Services in the fourth quarter valued at $127,000. KBC Group NV grew its position in shares of KAR Auction Services by 81.5% in the third quarter. KBC Group NV now owns 2,696 shares of the specialty retailer’s stock valued at $129,000 after purchasing an additional 1,211 shares during the period. Finally, Assetmark Inc. grew its position in shares of KAR Auction Services by 336.4% in the fourth quarter. Assetmark Inc. now owns 3,116 shares of the specialty retailer’s stock valued at $157,000 after purchasing an additional 2,402 shares during the period. 98.88% of the stock is owned by institutional investors.
In other KAR Auction Services news, COO Donald S. Gottwald sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $54.96, for a total transaction of $549,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rebecca C. Polak sold 44,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $56.20, for a total value of $2,472,800.00. Following the transaction, the insider now directly owns 90,390 shares of the company’s stock, valued at approximately $5,079,918. The disclosure for this sale can be found here. Insiders have sold 62,751 shares of company stock valued at $3,495,282 in the last three months. 1.30% of the stock is currently owned by company insiders.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Thursday, March 22nd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Wednesday, March 21st. KAR Auction Services’s payout ratio is 53.03%.
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).
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