Q3 2021 EPS Estimates for KAR Auction Services, Inc. Decreased by Truist Securiti (NYSE:KAR)

KAR Auction Services, Inc. (NYSE:KAR) – Stock analysts at Truist Securiti reduced their Q3 2021 EPS estimates for KAR Auction Services in a research note issued to investors on Wednesday, September 22nd. Truist Securiti analyst S. Benjamin now anticipates that the specialty retailer will post earnings of $0.09 per share for the quarter, down from their prior estimate of $0.15. Truist Securiti also issued estimates for KAR Auction Services’ FY2022 earnings at $0.88 EPS.

KAR Auction Services (NYSE:KAR) last released its quarterly earnings results on Monday, August 2nd. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). The firm had revenue of $585.40 million during the quarter, compared to analysts’ expectations of $596.75 million. KAR Auction Services had a return on equity of 9.71% and a net margin of 4.03%.

Separately, Zacks Investment Research downgraded KAR Auction Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 7th. One equities research 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.57.

NYSE KAR opened at $15.66 on Thursday. The company has a market capitalization of $1.87 billion, a PE ratio of 46.06, a price-to-earnings-growth ratio of 0.69 and a beta of 1.53. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.27 and a current ratio of 1.27. The business’s fifty day moving average is $16.96 and its 200 day moving average is $16.75. KAR Auction Services has a fifty-two week low of $13.55 and a fifty-two week high of $20.85.

Large investors have recently bought and sold shares of the business. Dark Forest Capital Management LP bought a new stake in KAR Auction Services during the second quarter valued at about $29,000. Ameritas Investment Company LLC bought a new stake in shares of KAR Auction Services in the first quarter worth about $30,000. Huntington National Bank bought a new stake in shares of KAR Auction Services in the second quarter worth about $45,000. Parkside Financial Bank & Trust increased its holdings in shares of KAR Auction Services by 50.8% in the first quarter. Parkside Financial Bank & Trust now owns 4,410 shares of the specialty retailer’s stock worth $66,000 after purchasing an additional 1,485 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new stake in shares of KAR Auction Services in the second quarter worth about $100,000.

KAR Auction Services Company Profile

KAR Auction Services, Inc engages in the provision of used car auction services and salvage auction services in North America and the United Kingdom. It operates through the following segments: ADESA Auctions and Automotive Finance Corporation (AFC). The ADESA segment provides whole car auctions and related services to the vehicle remarketing industry in North America.

Further Reading: Why are analyst ratings important in trading stocks?

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.