KAR Auction Services EVP Warren Byrd Sells 11,000 Shares (KAR)
KAR Auction Services (NYSE:KAR) EVP Warren Byrd unloaded 11,000 shares of the stock on the open market in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $30.00, for a total transaction of $330,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on KAR shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of KAR Auction Services from $29.00 to $34.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. upgraded shares of KAR Auction Services from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, October 10th. They now have a $33.00 price target on the stock, up previously from $27.50. Finally, 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. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $30.00.
KAR Auction Services (NYSE:KAR) traded down 0.83% on Tuesday, hitting $29.90. The stock had a trading volume of 920,906 shares. KAR Auction Services has a 52 week low of $17.00 and a 52 week high of $28.67. The stock’s 50-day moving average is $26.72 and its 200-day moving average is $23.38. The company has a market cap of $4.127 billion and a P/E ratio of 40.15.
KAR Auction Services (NYSE:KAR) last released its earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. 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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