KAR Auction Services Inc (NYSE:KAR) has been given an average recommendation of “Buy” by the seven brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $52.80.

A number of analysts have issued reports on the company. Zacks Investment Research raised KAR Auction Services from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Wednesday, November 1st. Gabelli lowered KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a research note on Thursday, November 2nd. Finally, JPMorgan Chase & Co. raised their price target on KAR Auction Services from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th.

Shares of KAR Auction Services (KAR) opened at $53.27 on Monday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $7,205.56, a price-to-earnings ratio of 31.34, a P/E/G ratio of 1.52 and a beta of 1.08. KAR Auction Services has a 52 week low of $40.27 and a 52 week high of $53.34.

KAR Auction Services (NYSE:KAR) last posted its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $843.00 million for the quarter, compared to analyst estimates of $846.42 million. KAR Auction Services had a return on equity of 22.37% and a net margin of 6.94%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. research analysts expect that KAR Auction Services will post 2.36 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.63%. This is a positive change from KAR Auction Services’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, December 19th. KAR Auction Services’s dividend payout ratio (DPR) is presently 82.35%.

In other news, EVP Lisa A. Price sold 10,000 shares of KAR Auction Services stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $51.18, for a total value of $511,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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. Over the last three months, insiders sold 32,000 shares of company stock worth $1,575,200. 1.30% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Archford Capital Strategies LLC lifted its stake in shares of KAR Auction Services by 832.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 932 shares of the specialty retailer’s stock valued at $103,000 after purchasing an additional 832 shares in the last quarter. KBC Group NV lifted its stake in shares of KAR Auction Services by 81.5% in the 3rd quarter. KBC Group NV now owns 2,696 shares of the specialty retailer’s stock valued at $129,000 after purchasing an additional 1,211 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in shares of KAR Auction Services in the 2nd quarter valued at about $118,000. PNC Financial Services Group Inc. lifted its stake in shares of KAR Auction Services by 105.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,063 shares of the specialty retailer’s stock valued at $171,000 after purchasing an additional 2,087 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of KAR Auction Services by 9.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,210 shares of the specialty retailer’s stock valued at $177,000 after purchasing an additional 363 shares in the last quarter. 99.22% of the stock is currently owned by institutional investors and hedge funds.

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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).

Analyst Recommendations for KAR Auction Services (NYSE:KAR)

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