Headlines about KAR Auction Services (NYSE:KAR) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded 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 0.15 on Accern’s scale. Accern also assigned media coverage about the specialty retailer an impact score of 46.2050724383258 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
Several brokerages have weighed in on KAR. JPMorgan Chase lifted their target price on KAR Auction Services from $62.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, March 19th. Barrington Research reaffirmed a “buy” rating on shares of KAR Auction Services in a research note on Wednesday, March 21st. Zacks Investment Research raised KAR Auction Services from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Tuesday, March 6th. Bank of America lifted their target price on KAR Auction Services from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, March 2nd. Finally, Gabelli raised KAR Auction Services from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $58.89.
Shares of KAR stock traded down $0.51 during mid-day trading on Friday, hitting $53.39. 640,035 shares of the stock traded hands, compared to its average volume of 809,759. KAR Auction Services has a twelve month low of $40.27 and a twelve month high of $56.75. The stock has a market cap of $7,244.64, a PE ratio of 21.36, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.31 and a current ratio of 1.31.
KAR Auction Services (NYSE:KAR) last issued its quarterly earnings results on Tuesday, February 20th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.10. KAR Auction Services had a return on equity of 23.61% and a net margin of 10.47%. The company had revenue of $890.40 million for the quarter, compared to analysts’ expectations of $882.22 million. During the same period last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. equities research analysts predict that KAR Auction Services will post 2.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 4th. Stockholders of record on Thursday, March 22nd were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Wednesday, March 21st. KAR Auction Services’s dividend payout ratio (DPR) is presently 56.00%.
In other news, COO Donald S. Gottwald sold 10,000 shares of KAR Auction Services stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $54.96, for a total transaction of $549,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Lisa A. Price sold 6,563 shares of KAR Auction Services stock in a transaction on Friday, January 19th. The shares were sold at an average price of $54.05, for a total value of $354,730.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,751 shares of company stock worth $3,495,282. 1.30% of the stock is owned by insiders.
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KAR Auction Services Company Profile
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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