Insider Selling: KAR Auction Services Inc (KAR) EVP Sells 6,563 Shares of Stock

KAR Auction Services Inc (NYSE:KAR) EVP Lisa A. Price sold 6,563 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $54.05, for a total value of $354,730.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Lisa A. Price also recently made the following trade(s):

  • On Friday, December 8th, Lisa A. Price sold 10,000 shares of KAR Auction Services stock. The stock was sold at an average price of $51.18, for a total value of $511,800.00.

KAR Auction Services Inc (NYSE KAR) traded up $0.10 during trading on Monday, reaching $54.45. The company’s stock had a trading volume of 555,696 shares, compared to its average volume of 755,128. KAR Auction Services Inc has a 52 week low of $40.27 and a 52 week high of $54.49. 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 has a market cap of $7,360.00, a PE ratio of 32.03, a price-to-earnings-growth ratio of 1.54 and a beta of 1.08.

KAR Auction Services (NYSE:KAR) last posted its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The company had revenue of $843.00 million during the quarter, compared to analysts’ expectations of $846.42 million. KAR Auction Services had a return on equity of 22.37% and a net margin of 6.94%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $0.50 EPS. equities analysts predict that KAR Auction Services Inc will post 2.37 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th were issued a $0.35 dividend. This is a boost from KAR Auction Services’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Tuesday, December 19th. KAR Auction Services’s dividend payout ratio (DPR) is currently 82.35%.

A number of analysts have weighed in on the company. Stephens set a $57.00 price objective on KAR Auction Services and gave the stock a “hold” rating in a research report on Wednesday, January 17th. Zacks Investment Research raised KAR Auction Services from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, November 8th. Gabelli cut KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a research report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. increased their price objective on KAR Auction Services from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $54.60.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of KAR Auction Services by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 11,344,446 shares of the specialty retailer’s stock valued at $476,126,000 after buying an additional 57,704 shares during the period. BlackRock Inc. lifted its holdings in shares of KAR Auction Services by 1.9% in the 2nd quarter. BlackRock Inc. now owns 5,726,037 shares of the specialty retailer’s stock valued at $240,320,000 after buying an additional 107,601 shares during the period. Bessemer Group Inc. lifted its holdings in shares of KAR Auction Services by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 3,207,071 shares of the specialty retailer’s stock valued at $153,105,000 after buying an additional 91,373 shares during the period. Schroder Investment Management Group lifted its holdings in shares of KAR Auction Services by 11.1% in the 3rd quarter. Schroder Investment Management Group now owns 3,033,008 shares of the specialty retailer’s stock valued at $142,612,000 after buying an additional 302,029 shares during the period. Finally, Frontier Capital Management Co. LLC lifted its holdings in shares of KAR Auction Services by 3.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,641,292 shares of the specialty retailer’s stock valued at $133,412,000 after buying an additional 76,299 shares during the period. 99.31% of the stock is owned by institutional investors and hedge funds.

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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).

Insider Buying and Selling by Quarter for KAR Auction Services (NYSE:KAR)

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