KAR Auction Services Inc. (NYSE:KAR) EVP Benjamin Skuy sold 15,000 shares of KAR Auction Services stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $42.10, for a total transaction of $631,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Benjamin Skuy also recently made the following trade(s):

  • On Friday, September 2nd, Benjamin Skuy sold 10,000 shares of KAR Auction Services stock. The shares were sold at an average price of $42.74, for a total transaction of $427,400.00.

KAR Auction Services Inc. (NYSE:KAR) opened at 42.03 on Tuesday. The stock has a 50 day moving average price of $41.74 and a 200 day moving average price of $40.18. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of 26.30 and a beta of 1.48. KAR Auction Services Inc. has a 52-week low of $31.54 and a 52-week high of $43.91.

KAR Auction Services (NYSE:KAR) last released its earnings results on Tuesday, August 2nd. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.01. KAR Auction Services had a return on equity of 19.03% and a net margin of 7.79%. The business earned $771.80 million during the quarter, compared to analysts’ expectations of $757.67 million. During the same quarter in the previous year, the business earned $0.51 EPS. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. Analysts expect that KAR Auction Services Inc. will post $2.13 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Wednesday, September 21st will be paid a $0.29 dividend. The ex-dividend date of this dividend is Monday, September 19th. This represents a $1.16 dividend on an annualized basis and a yield of 2.76%. KAR Auction Services’s payout ratio is 72.50%.

Hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. purchased a new position in KAR Auction Services during the second quarter worth about $1,754,000. KAMES CAPITAL plc purchased a new position in KAR Auction Services during the second quarter worth about $34,885,000. Braun Stacey Associates Inc. purchased a new position in KAR Auction Services during the second quarter worth about $340,000. Calvert Investment Management Inc. increased its position in KAR Auction Services by 9.6% in the second quarter. Calvert Investment Management Inc. now owns 11,087 shares of the company’s stock worth $463,000 after buying an additional 972 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in KAR Auction Services by 4.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 543,316 shares of the company’s stock worth $22,679,000 after buying an additional 24,523 shares during the last quarter.

A number of brokerages have recently commented on KAR. Northcoast Research cut shares of KAR Auction Services from a “buy” rating to a “neutral” rating in a report on Thursday, July 14th. Macquarie restated an “outperform” rating on shares of KAR Auction Services in a report on Monday, August 29th. Susquehanna began coverage on shares of KAR Auction Services in a report on Friday, August 26th. They set a “positive” rating and a $50.00 target price on the stock. Zacks Investment Research upgraded shares of KAR Auction Services from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Wednesday, July 6th. Finally, Jefferies Group boosted their target price on shares of KAR Auction Services from $47.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. KAR Auction Services presently has an average rating of “Buy” and a consensus target price of $43.71.

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), Insurance Auto Auctions, Inc (IAA) and Automotive Finance Corporation (AFC).

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