News articles about KAR Auction Services (NYSE:KAR) have been trending positive this week, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. KAR Auction Services earned a news impact score of 0.28 on Accern’s scale. Accern also assigned news coverage about the specialty retailer an impact score of 47.2158566636075 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
Several research firms have commented on KAR. Zacks Investment Research raised shares of KAR Auction Services from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Wednesday, November 1st. Gabelli downgraded shares of KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 price objective on the stock. in a report on Thursday, November 2nd. Jefferies Group reissued a “buy” rating and issued a $50.00 price target on shares of KAR Auction Services in a report on Tuesday, September 12th. J P Morgan Chase & Co increased their price target on shares of KAR Auction Services from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. Finally, Stephens downgraded shares of KAR Auction Services from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $51.00 to $48.00 in a report on Thursday, September 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $52.20.
KAR Auction Services (NYSE KAR) opened at $50.65 on Tuesday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $6,788.94, a P/E ratio of 21.92, a P/E/G ratio of 1.58 and a beta of 1.07. KAR Auction Services has a 52-week low of $40.27 and a 52-week high of $50.92.
KAR Auction Services (NYSE:KAR) last posted its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.06. KAR Auction Services had a net margin of 6.94% and a return on equity of 22.37%. The company had revenue of $843.00 million for the quarter, compared to analysts’ expectations of $846.42 million. During the same period in the prior year, the business earned $0.50 earnings per share. KAR Auction Services’s revenue for the quarter was up 6.8% compared to the same quarter last year. analysts anticipate that KAR Auction Services will post 2.36 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be given a dividend of $0.35 per share. This is a boost from KAR Auction Services’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Tuesday, December 19th. KAR Auction Services’s dividend payout ratio (DPR) is presently 75.29%.
In other KAR Auction Services 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 transaction of $481,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Benjamin Skuy sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was 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. 1.30% of the stock is owned by company insiders.
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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 or ADESA), Insurance Auto Auctions, Inc (IAA) and Automotive Finance Corporation (AFC).
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