KAR Auction Services Inc (KAR) COO Sells $533,900.00 in Stock

KAR Auction Services Inc (NYSE:KAR) COO Donald S. Gottwald sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $53.39, for a total transaction of $533,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Donald S. Gottwald also recently made the following trade(s):

  • On Tuesday, March 6th, Donald S. Gottwald sold 10,000 shares of KAR Auction Services stock. The stock was sold at an average price of $54.96, for a total transaction of $549,600.00.

Shares of KAR Auction Services opened at $53.80 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.30 and a quick ratio of 1.30. KAR Auction Services Inc has a fifty-two week low of $40.27 and a fifty-two week high of $56.75. The firm has a market cap of $7.26 billion, a P/E ratio of 21.52, a P/E/G ratio of 1.28 and a beta of 1.10.

KAR Auction Services (NYSE:KAR) last issued its earnings results on Tuesday, May 8th. The specialty retailer reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.06. KAR Auction Services had a net margin of 10.81% and a return on equity of 24.93%. The firm had revenue of $950.50 million during the quarter, compared to analyst estimates of $923.66 million. During the same quarter in the prior year, the business earned $0.62 earnings per share. KAR Auction Services’s revenue for the quarter was up 9.7% on a year-over-year basis. research analysts anticipate that KAR Auction Services Inc will post 2.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 5th. Investors of record on Thursday, June 21st will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, June 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.60%. KAR Auction Services’s dividend payout ratio is 56.00%.

A number of equities analysts have weighed in on the stock. Guggenheim assumed coverage on shares of KAR Auction Services in a research report on Tuesday, April 17th. They issued a “neutral” rating for the company. SunTrust Banks assumed coverage on shares of KAR Auction Services in a research report on Thursday, March 22nd. They issued a “buy” rating and a $65.00 price target for the company. Bank of America upped their price target on shares of KAR Auction Services from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, March 2nd. Zacks Investment Research lowered shares of KAR Auction Services from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. Finally, Barrington Research set a $55.00 price target on shares of KAR Auction Services and gave the stock a “buy” rating in a research report on Sunday, February 25th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. KAR Auction Services presently has an average rating of “Buy” and an average price target of $58.78.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of KAR Auction Services by 13.3% during the fourth quarter. BlackRock Inc. now owns 7,018,588 shares of the specialty retailer’s stock worth $354,508,000 after acquiring an additional 825,974 shares during the last quarter. Mawer Investment Management Ltd. raised its stake in KAR Auction Services by 256.7% during the first quarter. Mawer Investment Management Ltd. now owns 3,281,737 shares of the specialty retailer’s stock valued at $177,870,000 after purchasing an additional 2,361,727 shares in the last quarter. Schroder Investment Management Group raised its stake in KAR Auction Services by 6.4% during the first quarter. Schroder Investment Management Group now owns 3,048,032 shares of the specialty retailer’s stock valued at $165,203,000 after purchasing an additional 182,416 shares in the last quarter. Wells Fargo & Company MN raised its stake in KAR Auction Services by 7.1% during the first quarter. Wells Fargo & Company MN now owns 2,762,612 shares of the specialty retailer’s stock valued at $149,734,000 after purchasing an additional 183,166 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its stake in KAR Auction Services by 2.5% during the first quarter. Frontier Capital Management Co. LLC now owns 2,706,854 shares of the specialty retailer’s stock valued at $146,711,000 after purchasing an additional 65,562 shares in the last quarter.

KAR Auction Services Company Profile

KAR Auction Services, Inc, together with its subsidiaries, provides used car auction and salvage auction services in the United States, Canada, Mexico, and the United Kingdom. The company operates through three segments: ADESA Auctions, IAA, and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.

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

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