KAR Auction Services (KAR) Scheduled to Post Quarterly Earnings on Monday

KAR Auction Services (NYSE:KAR) is set to issue its quarterly earnings data after the market closes on Monday, February 19th. Analysts expect the company to announce earnings of $0.53 per share for the quarter.

Shares of KAR Auction Services (NYSE KAR) opened at $49.51 on Monday. KAR Auction Services has a 12 month low of $40.27 and a 12 month high of $55.19. The company has a market cap of $6,696.97, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 1.69 and a beta of 1.10. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.90.

KAR has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of KAR Auction Services from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. Zacks Investment Research lowered shares of KAR Auction Services from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Gabelli lowered shares of 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, Stephens set a $57.00 price target on shares of KAR Auction Services and gave the company a “hold” rating in a research note on Wednesday, January 17th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $54.40.

In other news, COO Donald S. Gottwald sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were 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 available through the SEC website. Also, EVP Benjamin Skuy sold 12,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $48.50, for a total transaction of $582,000.00. The disclosure for this sale can be found here. Insiders sold 38,563 shares of company stock valued at $1,929,930 over the last quarter. Insiders own 1.30% of the company’s stock.

An institutional investor recently raised its position in KAR Auction Services stock. The Manufacturers Life Insurance Company increased its stake in KAR Auction Services Inc (NYSE:KAR) by 9.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,210 shares of the specialty retailer’s stock after acquiring an additional 363 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in KAR Auction Services were worth $177,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 99.31% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “KAR Auction Services (KAR) Scheduled to Post Quarterly Earnings on Monday” was originally published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/02/12/kar-auction-services-kar-scheduled-to-post-quarterly-earnings-on-monday.html.

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).

Earnings History for KAR Auction Services (NYSE:KAR)

Receive News & Ratings for KAR Auction Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KAR Auction Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply