Insider Selling: KAR Auction Services Insider Unloads 8,075 Shares of Stock (KAR)
KAR Auction Services (NYSE:KAR) Insider Thomas J. Caruso unloaded 8,075 shares of KAR Auction Services stock on the open market in a transaction dated Monday, June 30th. The stock was sold at an average price of $31.68, for a total transaction of $255,816.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Separately, 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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $32.56.
Shares of KAR Auction Services (NYSE:KAR) traded up 0.94% on Tuesday, hitting $32.17. 888,654 shares of the company’s stock traded hands. KAR Auction Services has a one year low of $23.18 and a one year high of $32.24. The stock’s 50-day moving average is $30.87 and its 200-day moving average is $29.97. The company has a market cap of $4.497 billion and a price-to-earnings ratio of 75.70.
KAR Auction Services (NYSE:KAR) last announced its earnings results 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. On average, analysts predict that KAR Auction Services will post $1.42 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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