Brokerages expect KAR Auction Services Inc (NYSE:KAR) to post earnings per share (EPS) of $0.39 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for KAR Auction Services’ earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.35. KAR Auction Services reported earnings per share of $0.70 during the same quarter last year, which would suggest a negative year-over-year growth rate of 44.3%. The firm is expected to announce its next earnings report on Tuesday, November 5th.

According to Zacks, analysts expect that KAR Auction Services will report full-year earnings of $1.24 per share for the current financial year, with EPS estimates ranging from $1.16 to $1.30. For the next year, analysts expect that the company will post earnings of $1.52 per share, with EPS estimates ranging from $1.34 to $1.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for KAR Auction Services.

KAR Auction Services (NYSE:KAR) last posted its earnings results on Tuesday, August 6th. The specialty retailer reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.10). KAR Auction Services had a return on equity of 19.93% and a net margin of 7.67%. The business had revenue of $719.00 million for the quarter, compared to the consensus estimate of $692.00 million. During the same period in the previous year, the firm earned $0.82 earnings per share. The company’s revenue was up 15.4% compared to the same quarter last year.

A number of equities research analysts have weighed in on KAR shares. Barrington Research reissued a “buy” rating and set a $42.50 target price on shares of KAR Auction Services in a report on Friday, June 28th. SunTrust Banks reduced their target price on shares of KAR Auction Services from $65.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, July 1st. Zacks Investment Research raised shares of KAR Auction Services from a “strong sell” rating to a “hold” rating in a report on Thursday, August 29th. Guggenheim downgraded shares of KAR Auction Services from a “neutral” rating to a “sell” rating and set a $20.00 price target on the stock. in a research report on Tuesday, July 2nd. Finally, Robert W. Baird initiated coverage on shares of KAR Auction Services in a research report on Friday, June 28th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.58.

KAR traded up $0.26 during trading on Tuesday, reaching $26.41. 2,438,548 shares of the company’s stock were exchanged, compared to its average volume of 3,700,918. KAR Auction Services has a one year low of $16.41 and a one year high of $28.61. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $3.52 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 1.47 and a beta of 1.09. The firm has a fifty day moving average price of $25.83 and a two-hundred day moving average price of $42.87.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 20th will be given a $0.19 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.88%. KAR Auction Services’s dividend payout ratio (DPR) is currently 47.30%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in KAR Auction Services by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,397,787 shares of the specialty retailer’s stock valued at $66,698,000 after acquiring an additional 63,519 shares in the last quarter. Geode Capital Management LLC increased its stake in KAR Auction Services by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,898,380 shares of the specialty retailer’s stock valued at $90,590,000 after acquiring an additional 6,710 shares during the period. SG Americas Securities LLC increased its stake in KAR Auction Services by 27.7% in the first quarter. SG Americas Securities LLC now owns 2,784 shares of the specialty retailer’s stock valued at $143,000 after acquiring an additional 604 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in KAR Auction Services by 29.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 11,470 shares of the specialty retailer’s stock valued at $589,000 after acquiring an additional 2,626 shares during the period. Finally, Cornerstone Advisors Inc. bought a new stake in KAR Auction Services in the first quarter valued at about $46,000.

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.

Recommended Story: Front-End Load

Get a free copy of the Zacks research report on KAR Auction Services (KAR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.