Analysts expect that KAR Auction Services, Inc (NYSE:KAR) will post $0.58 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for KAR Auction Services’ earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.60. KAR Auction Services posted earnings of $0.55 per share during the same quarter last year, which would indicate a positive year over year growth rate of 5.5%. The company is scheduled to announce its next quarterly earnings results on Tuesday, August 1st.

According to Zacks, analysts expect that KAR Auction Services will report full year earnings of $2.21 per share for the current year, with EPS estimates ranging from $2.15 to $2.25. For the next year, analysts anticipate that the company will post earnings of $2.48 per share, with EPS estimates ranging from $2.35 to $2.70. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover KAR Auction Services.

KAR Auction Services (NYSE:KAR) last issued its quarterly earnings results on Tuesday, May 9th. The specialty retailer reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.04. KAR Auction Services had a net margin of 7.16% and a return on equity of 20.54%. The business had revenue of $866.60 million for the quarter, compared to analysts’ expectations of $848.73 million. During the same quarter last year, the company posted $0.55 EPS. The company’s revenue was up 14.3% compared to the same quarter last year.

A number of analysts recently issued reports on KAR shares. Zacks Investment Research raised shares of KAR Auction Services from a “sell” rating to a “hold” rating in a report on Friday, May 12th. Gabelli assumed coverage on shares of KAR Auction Services in a report on Friday, April 7th. They set a “buy” rating on the stock. Finally, BidaskClub downgraded shares of KAR Auction Services from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Two analysts have rated the stock with a sell rating and six have given a buy rating to the stock. KAR Auction Services presently has a consensus rating of “Buy” and a consensus target price of $53.25.

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In other KAR Auction Services news, CEO John W. Kett sold 9,938 shares of the stock in a transaction on Monday, May 1st. The shares were sold at an average price of $43.41, for a total transaction of $431,408.58. Following the transaction, the chief executive officer now directly owns 44,694 shares of the company’s stock, valued at $1,940,166.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Donald S. Gottwald sold 18,125 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $44.29, for a total transaction of $802,756.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,984 shares of company stock worth $2,090,480. Insiders own 1.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position in KAR Auction Services by 1.1% in the first quarter. Envestnet Asset Management Inc. now owns 6,398 shares of the specialty retailer’s stock valued at $280,000 after buying an additional 69 shares during the last quarter. Comerica Bank boosted its stake in shares of KAR Auction Services by 1.4% in the first quarter. Comerica Bank now owns 6,094 shares of the specialty retailer’s stock worth $269,000 after buying an additional 87 shares during the period. Utah Retirement Systems boosted its stake in shares of KAR Auction Services by 0.4% in the first quarter. Utah Retirement Systems now owns 25,200 shares of the specialty retailer’s stock worth $1,100,000 after buying an additional 100 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of KAR Auction Services by 3.6% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,897 shares of the specialty retailer’s stock worth $214,000 after buying an additional 168 shares during the period. Finally, Wedbush Securities Inc. boosted its stake in shares of KAR Auction Services by 2.6% in the first quarter. Wedbush Securities Inc. now owns 7,030 shares of the specialty retailer’s stock worth $307,000 after buying an additional 181 shares during the period.

KAR Auction Services (NYSE:KAR) traded down 0.67% on Monday, hitting $41.71. 1,002,375 shares of the company were exchanged. KAR Auction Services has a 52 week low of $38.16 and a 52 week high of $47.03. The firm’s 50 day moving average is $42.31 and its 200 day moving average is $43.75. The company has a market capitalization of $5.72 billion, a P/E ratio of 25.13 and a beta of 1.13.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Wednesday, June 21st were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Monday, June 19th. KAR Auction Services’s payout ratio is 77.11%.

KAR Auction Services Company Profile

KAR Auction Services, Inc is a provider of whole car auction services in North America, and salvage auction services in North America and the United Kingdom. The Company operates through three segments: ADESA, Inc (ADESA Auctions or ADESA), Insurance Auto Auctions, Inc (IAA) and Automotive Finance Corporation (AFC).

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Earnings History and Estimates for KAR Auction Services (NYSE:KAR)

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