News coverage about KAR Auction Services (NYSE:KAR) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. KAR Auction Services earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the specialty retailer an impact score of 47.070294910607 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of KAR Auction Services (NYSE KAR) traded up $0.15 during trading hours on Wednesday, reaching $52.00. 661,600 shares of the company’s stock were exchanged, compared to its average volume of 753,874. 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 stock has a market capitalization of $7,030.00, a price-to-earnings ratio of 30.59, a PEG ratio of 1.50 and a beta of 1.08. KAR Auction Services has a one year low of $40.27 and a one year high of $52.38.
KAR Auction Services (NYSE:KAR) last released its earnings results on Tuesday, October 31st. The specialty retailer reported $0.57 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $843.00 million for the quarter, compared to analyst estimates of $846.42 million. During the same period in the prior year, the firm earned $0.50 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. equities analysts forecast that KAR Auction Services will post 2.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Wednesday, December 20th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.69%. This is a positive change from KAR Auction Services’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, December 19th. KAR Auction Services’s dividend payout ratio is presently 82.35%.
Several equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of KAR Auction Services from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Gabelli cut shares of KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 target price on the stock. in a research note on Thursday, November 2nd. JPMorgan Chase & Co. boosted their price target on shares of KAR Auction Services from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. Finally, Jefferies Group reissued a “buy” rating and set a $50.00 price target on shares of KAR Auction Services in a research report on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.20.
In related news, EVP Benjamin Skuy sold 12,000 shares of the company’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 value of $582,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lisa A. Price sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $51.18, for a total value of $511,800.00. The disclosure for this sale can be found here. Insiders have sold 32,000 shares of company stock worth $1,575,200 over the last 90 days. Insiders own 1.30% of the company’s stock.
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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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