KAR Auction Services (NYSE:KAR) is scheduled to be releasing its earnings data after the market closes on Tuesday, November 6th. Analysts expect KAR Auction Services to post earnings of $0.70 per share for the quarter. KAR Auction Services has set its FY18 guidance at $2.89-3.04 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.
KAR Auction Services (NYSE:KAR) last issued its earnings results on Tuesday, August 7th. The specialty retailer reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.02. The company had revenue of $956.60 million during the quarter, compared to analysts’ expectations of $923.01 million. KAR Auction Services had a return on equity of 26.15% and a net margin of 11.50%. On average, analysts expect KAR Auction Services to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of KAR stock opened at $58.17 on Friday. The stock has a market cap of $7.81 billion, a P/E ratio of 20.48, a P/E/G ratio of 1.74 and a beta of 1.08. KAR Auction Services has a 1-year low of $47.43 and a 1-year high of $64.55. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.31 and a quick ratio of 1.31.
In other KAR Auction Services news, COO Donald S. Gottwald sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $61.53, for a total value of $615,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James P. Hallett sold 150,000 shares of the stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $62.11, for a total value of $9,316,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 277,560 shares of company stock valued at $17,295,354. Company insiders own 1.29% of the company’s stock.
Several brokerages recently weighed in on KAR. Stephens restated a “hold” rating and set a $60.00 target price on shares of KAR Auction Services in a report on Thursday, August 9th. Robert W. Baird increased their target price on KAR Auction Services from $62.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. Zacks Investment Research cut KAR Auction Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Gabelli cut KAR Auction Services from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. They noted that the move was a valuation call. Finally, SunTrust Banks set a $70.00 target price on KAR Auction Services and gave the company a “buy” rating in a report on Thursday, August 9th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $63.14.
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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