Sapience Investments LLC cut its holdings in shares of KAR Auction Services Inc (NYSE:KAR) by 11.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,050 shares of the specialty retailer’s stock after selling 37,160 shares during the quarter. KAR Auction Services makes up 2.0% of Sapience Investments LLC’s portfolio, making the stock its 15th largest position. Sapience Investments LLC owned about 0.22% of KAR Auction Services worth $14,802,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. SeaCrest Wealth Management LLC bought a new stake in KAR Auction Services during the 4th quarter worth about $103,000. SG Americas Securities LLC bought a new stake in KAR Auction Services during the 4th quarter worth about $105,000. Cerebellum GP LLC bought a new stake in KAR Auction Services during the 4th quarter worth about $127,000. KBC Group NV lifted its position in KAR Auction Services by 81.5% during the 3rd quarter. KBC Group NV now owns 2,696 shares of the specialty retailer’s stock worth $129,000 after buying an additional 1,211 shares in the last quarter. Finally, Assetmark Inc. lifted its position in KAR Auction Services by 336.4% during the 4th quarter. Assetmark Inc. now owns 3,116 shares of the specialty retailer’s stock worth $157,000 after buying an additional 2,402 shares in the last quarter. 98.88% of the stock is currently owned by hedge funds and other institutional investors.
In related news, COO Donald S. Gottwald sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $54.96, for a total value of $549,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Lisa A. Price sold 6,563 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $54.05, for a total transaction of $354,730.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,751 shares of company stock worth $1,022,482. 1.30% of the stock is owned by insiders.
Shares of KAR Auction Services Inc (NYSE KAR) opened at $56.64 on Monday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.80. The stock has a market cap of $7,612.92, a PE ratio of 22.93, a PEG ratio of 1.74 and a beta of 1.08. KAR Auction Services Inc has a fifty-two week low of $40.27 and a fifty-two week high of $56.73.
KAR Auction Services (NYSE:KAR) last issued its earnings results on Tuesday, February 20th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.10. The company had revenue of $890.40 million for the quarter, compared to analysts’ expectations of $882.22 million. KAR Auction Services had a net margin of 10.47% and a return on equity of 23.61%. KAR Auction Services’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS. analysts predict that KAR Auction Services Inc will post 2.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Thursday, March 22nd will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.47%. KAR Auction Services’s payout ratio is 53.03%.
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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