$0.52 EPS Expected for KAR Auction Services Inc (KAR) This Quarter

Analysts expect KAR Auction Services Inc (NYSE:KAR) to report earnings per share of $0.52 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided 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 reported earnings of $0.45 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 15.6%. The firm is scheduled to issue its next earnings results before the market opens on Tuesday, February 20th.

On average, analysts expect that KAR Auction Services will report full-year earnings of $2.37 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $2.40. For the next fiscal year, analysts forecast that the company will post earnings of $2.66 per share, with EPS estimates ranging from $2.52 to $2.89. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for KAR Auction Services.

KAR has been the subject of a number of recent research reports. Zacks Investment Research lowered KAR Auction Services from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Gabelli lowered KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 target price for the company. in a research note on Thursday, November 2nd. JPMorgan Chase & Co. boosted their target price on KAR Auction Services from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. Finally, Stephens set a $57.00 target price on KAR Auction Services and gave the company a “hold” rating in a research note on Wednesday, January 17th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. KAR Auction Services presently has a consensus rating of “Buy” and an average target price of $54.40.

In other KAR Auction Services news, EVP Benjamin Skuy sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $48.50, for a total transaction of $582,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lisa A. Price sold 6,563 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $54.05, for a total value of $354,730.15. The disclosure for this sale can be found here. Insiders have sold a total of 38,563 shares of company stock valued at $1,929,930 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KAR. Raymond James Trust N.A. grew its holdings in shares of KAR Auction Services by 29.0% during the 3rd quarter. Raymond James Trust N.A. now owns 9,705 shares of the specialty retailer’s stock worth $463,000 after acquiring an additional 2,179 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of KAR Auction Services by 105.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,063 shares of the specialty retailer’s stock worth $171,000 after acquiring an additional 2,087 shares during the period. Boston Partners grew its holdings in shares of KAR Auction Services by 15.4% during the 3rd quarter. Boston Partners now owns 640,752 shares of the specialty retailer’s stock worth $30,589,000 after acquiring an additional 85,676 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of KAR Auction Services by 88.9% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,477 shares of the specialty retailer’s stock worth $262,000 after acquiring an additional 2,577 shares during the period. Finally, K.J. Harrison & Partners Inc grew its holdings in shares of KAR Auction Services by 3.9% during the 3rd quarter. K.J. Harrison & Partners Inc now owns 72,700 shares of the specialty retailer’s stock worth $3,471,000 after acquiring an additional 2,700 shares during the period. 99.31% of the stock is owned by institutional investors and hedge funds.

KAR Auction Services (NYSE KAR) traded up $0.51 during midday trading on Friday, hitting $49.51. The stock had a trading volume of 1,077,144 shares, compared to its average volume of 744,194. KAR Auction Services has a 12 month low of $40.27 and a 12 month high of $55.19. 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 cap of $6,872.81, a price-to-earnings ratio of 29.12, a PEG ratio of 1.76 and a beta of 1.10.

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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).

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