KAR Auction Services CEO Donald Gottwald Sells 7,000 Shares (KAR)
KAR Auction Services (NYSE:KAR) CEO Donald Gottwald sold 7,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $28.46, for a total value of $199,220.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at BB&T Corp. raised their price target on shares of KAR Auction Services from $26.00 to $30.00 in a research note to investors on Thursday, August 29th. They now have a “buy” rating on the stock. Separately, analysts at Barrington Research raised their price target on shares of KAR Auction Services from $26.00 to $30.00 in a research note to investors on Friday, August 16th. They now have an “outperform” rating on the stock. Finally, analysts at Merrill Lynch upgraded shares of KAR Auction Services from an “underperform” rating to a “buy” rating in a research note to investors on Monday, August 12th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $27.33.
Shares of KAR Auction Services (NYSE:KAR) traded down 3.54% during mid-day trading on Tuesday, hitting $27.83. The stock had a trading volume of 1,107,330 shares. KAR Auction Services has a 52-week low of $17.00 and a 52-week high of $29.21. The stock has a 50-day moving average of $27.82 and a 200-day moving average of $24.34. The company has a market cap of $3.842 billion and a price-to-earnings ratio of 38.42.
KAR Auction Services (NYSE:KAR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.03. The company had revenue of $541.40 million for the quarter, compared to the consensus estimate of $518.72 million. During the same quarter last year, the company posted $0.26 earnings per share. KAR Auction Services’s revenue was up 10.9% compared to the same quarter last year. On average, analysts predict that KAR Auction Services will post $1.22 earnings per share for the current fiscal year.
KAR Auction Services, Inc, is a provider of vehicle auction services in North America. The Company operates in three business segments: ADESA, Inc (NYSE:KAR), Insurance Auto Auctions, Inc (IAAI) and Automotive Finance Corporation (AFC).
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