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KAR Auction Services (NYSE:KAR) Insider Thomas J. Caruso sold 7,641 shares of the stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $30.08, for a total transaction of $229,841.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Separately, analysts at Zacks upgraded shares of KAR Auction Services from a “neutral” rating to an “outperform” rating in a research note on Friday, August 8th. They now have a $33.30 price target on the stock. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $33.83.

KAR Auction Services (NYSE:KAR) traded down 0.56% on Wednesday, hitting $29.93. The stock had a trading volume of 215,340 shares. KAR Auction Services has a one year low of $26.35 and a one year high of $32.65. The stock’s 50-day moving average is $30.15 and its 200-day moving average is $30.43. The company has a market cap of $4.206 billion and a price-to-earnings ratio of 55.54.

KAR Auction Services (NYSE:KAR) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $585.60 million for the quarter, compared to the consensus estimate of $577.69 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts expect that KAR Auction Services will post $1.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 2nd. Stockholders of record on Wednesday, September 24th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Monday, September 22nd.

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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