Wall Street analysts forecast that KAR Auction Services, Inc (NYSE:KAR) will report earnings of $0.52 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for KAR Auction Services’ earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.50. KAR Auction Services posted earnings per share of $0.45 during the same quarter last year, which indicates a positive year over year growth rate of 15.6%. The business is expected to issue its next quarterly earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that KAR Auction Services will report full year earnings of $2.36 per share for the current year, with EPS estimates ranging from $2.35 to $2.40. For the next financial year, analysts anticipate that the business will post earnings of $2.55 per share, with EPS estimates ranging from $2.40 to $2.69. Zacks’ earnings per share averages are an average based on a survey of research firms that follow KAR Auction Services.

KAR Auction Services (NYSE:KAR) last announced its earnings results on Tuesday, October 31st. The specialty retailer reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. KAR Auction Services had a net margin of 6.94% and a return on equity of 22.37%. The firm had revenue of $843.00 million during the quarter, compared to the consensus estimate of $846.42 million. During the same quarter in the previous year, the company posted $0.50 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis.

Several analysts have commented on KAR shares. Zacks Investment Research upgraded KAR Auction Services from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Gabelli cut KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 price target for the company. in a report on Thursday, November 2nd. Jefferies Group restated a “buy” rating and issued a $50.00 price target on shares of KAR Auction Services in a report on Tuesday, September 12th. J P Morgan Chase & Co lifted their price target on KAR Auction Services from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Finally, Stephens cut KAR Auction Services from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $51.00 to $48.00 in a report on Thursday, September 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. KAR Auction Services currently has an average rating of “Buy” and a consensus price target of $52.20.

In other KAR Auction Services news, COO Donald S. Gottwald sold 10,000 shares of KAR Auction Services stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $48.14, for a total value of $481,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Benjamin Skuy sold 12,000 shares of KAR Auction Services stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $48.50, for a total value of $582,000.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Several large investors have recently modified their holdings of KAR. Aperio Group LLC grew its holdings in shares of KAR Auction Services by 59.3% during the 2nd quarter. Aperio Group LLC now owns 29,982 shares of the specialty retailer’s stock worth $1,258,000 after purchasing an additional 11,160 shares during the period. Harbour Capital Advisors LLC grew its holdings in shares of KAR Auction Services by 3,333.9% during the 2nd quarter. Harbour Capital Advisors LLC now owns 28,330 shares of the specialty retailer’s stock worth $675,000 after purchasing an additional 27,505 shares during the period. TD Asset Management Inc. grew its holdings in shares of KAR Auction Services by 1.9% during the 2nd quarter. TD Asset Management Inc. now owns 159,000 shares of the specialty retailer’s stock worth $6,673,000 after purchasing an additional 3,000 shares during the period. Pioneer Investment Management Inc. grew its holdings in shares of KAR Auction Services by 24.3% during the 2nd quarter. Pioneer Investment Management Inc. now owns 98,367 shares of the specialty retailer’s stock worth $4,129,000 after purchasing an additional 19,239 shares during the period. Finally, Stoneridge Investment Partners LLC purchased a new stake in shares of KAR Auction Services during the 2nd quarter worth about $334,000. Institutional investors and hedge funds own 99.26% of the company’s stock.

KAR Auction Services (NYSE KAR) opened at $50.19 on Friday. KAR Auction Services has a one year low of $40.27 and a one year high of $50.69. The firm has a market cap of $6,788.95, a PE ratio of 21.92, a P/E/G ratio of 1.58 and a beta of 1.07. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.90.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be issued a $0.35 dividend. This is a boost from KAR Auction Services’s previous quarterly dividend of $0.32. The ex-dividend date is Tuesday, December 19th. This represents a $1.40 annualized dividend and a yield of 2.79%. KAR Auction Services’s payout ratio is 75.29%.

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About KAR Auction Services

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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