Insider Selling: KAR Auction Services Insider Sells 5,000 Shares of Stock (KAR)
KAR Auction Services (NYSE:KAR) Insider Thomas J. Caruso sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $28.38, for a total transaction of $141,900.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of KAR Auction Services (NYSE:KAR) traded down 0.31% during mid-day trading on Thursday, hitting $28.90. 538,009 shares of the company’s stock traded hands. KAR Auction Services has a 1-year low of $19.06 and a 1-year high of $30.46. The stock’s 50-day moving average is $28.58 and its 200-day moving average is $28.25. The company has a market cap of $4.012 billion and a P/E ratio of 37.65.
KAR Auction Services (NYSE:KAR) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.01. The company had revenue of $540.60 million for the quarter, compared to the consensus estimate of $541.37 million. On average, analysts predict that KAR Auction Services will post $1.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, April 3rd. Shareholders of record on Wednesday, March 26th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Monday, March 24th.
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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