Two Sigma Investments LP lessened its holdings in KAR Auction Services Inc (NYSE:KAR) by 62.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,533 shares of the specialty retailer’s stock after selling 242,381 shares during the period. Two Sigma Investments LP owned about 0.11% of KAR Auction Services worth $7,040,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. IFP Advisors Inc boosted its position in shares of KAR Auction Services by 13.4% in the fourth quarter. IFP Advisors Inc now owns 1,683 shares of the specialty retailer’s stock worth $79,000 after buying an additional 199 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of KAR Auction Services by 8.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,083 shares of the specialty retailer’s stock worth $147,000 after buying an additional 236 shares during the period. Private Capital Group LLC boosted its position in shares of KAR Auction Services by 32.8% in the fourth quarter. Private Capital Group LLC now owns 993 shares of the specialty retailer’s stock worth $48,000 after buying an additional 245 shares during the period. D.A. Davidson & CO. boosted its position in shares of KAR Auction Services by 4.3% in the fourth quarter. D.A. Davidson & CO. now owns 6,891 shares of the specialty retailer’s stock worth $329,000 after buying an additional 282 shares during the period. Finally, Commonwealth Bank of Australia boosted its position in shares of KAR Auction Services by 7.5% in the fourth quarter. Commonwealth Bank of Australia now owns 8,600 shares of the specialty retailer’s stock worth $410,000 after buying an additional 600 shares during the period.

KAR opened at $48.52 on Monday. The firm has a market cap of $6.45 billion, a P/E ratio of 16.39, a PEG ratio of 1.58 and a beta of 1.10. KAR Auction Services Inc has a 1 year low of $43.32 and a 1 year high of $64.55. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.81.

KAR Auction Services (NYSE:KAR) last released its quarterly earnings data on Tuesday, February 19th. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $936.37 million. KAR Auction Services had a return on equity of 26.46% and a net margin of 8.70%. As a group, analysts predict that KAR Auction Services Inc will post 2.98 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Friday, March 22nd will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $1.40 annualized dividend and a yield of 2.89%. KAR Auction Services’s dividend payout ratio (DPR) is currently 47.30%.

A number of analysts recently issued reports on KAR shares. Zacks Investment Research raised KAR Auction Services from a “sell” rating to a “hold” rating in a research report on Tuesday, November 27th. SunTrust Banks reduced their price objective on KAR Auction Services to $65.00 and set a “buy” rating for the company in a research report on Monday, January 7th. Robert W. Baird reissued a “buy” rating and set a $56.00 price objective on shares of KAR Auction Services in a research report on Wednesday, February 20th. Finally, Barrington Research reissued a “buy” rating on shares of KAR Auction Services in a research report on Wednesday, February 20th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $63.00.

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KAR Auction Services Company Profile

KAR Auction Services, Inc, together with its subsidiaries, provides used car auction and salvage auction services in the United States, Canada, Mexico, and the United Kingdom. The company operates through three segments: ADESA Auctions, IAA, and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.

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Institutional Ownership by Quarter for KAR Auction Services (NYSE:KAR)

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