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KAR Auction Services (NYSE:KAR) Insider Thomas J. Caruso sold 8,075 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $31.54, for a total value of $254,685.50. The transaction was disclosed in a filing with the SEC, which is available at this link.

KAR Auction Services (NYSE:KAR) traded down 0.98% during mid-day trading on Tuesday, hitting $31.30. 709,221 shares of the company’s stock traded hands. KAR Auction Services has a 1-year low of $22.17 and a 1-year high of $32.24. The stock’s 50-day moving average is $30.67 and its 200-day moving average is $29.83. The company has a market cap of $4.376 billion and a P/E ratio of 75.08.

KAR Auction Services (NYSE:KAR) last released its earnings data on Monday, May 5th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04. The company had revenue of $583.80 million for the quarter, compared to the consensus estimate of $581.95 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts expect that KAR Auction Services will post $1.42 EPS for the current fiscal year.

A number of analysts have recently weighed in on KAR shares. Analysts at Ned Davis Research upgraded shares of KAR Auction Services from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. Analysts at JPMorgan Chase & Co. raised their price target on shares of KAR Auction Services from $34.00 to $36.00 in a research note on Thursday, March 27th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. KAR Auction Services currently has a consensus rating of “Buy” and a consensus target price of $32.56.

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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