KAR Auction Services Inc. (NYSE:KAR) COO Donald S. Gottwald sold 18,125 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $38.51, for a total transaction of $697,993.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

KAR Auction Services (NYSE:KAR) last issued its earnings results on Thursday, November 3rd. The company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.03. The business earned $773.80 million during the quarter, compared to analyst estimates of $770.84 million. KAR Auction Services had a net margin of 7.58% and a return on equity of 19.45%. KAR Auction Services’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share.

Insider Buying and Selling by Quarter for KAR Auction Services (NYSE:KAR)

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Wednesday, December 21st will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.25%. This is a boost from KAR Auction Services’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, December 19th. KAR Auction Services’s dividend payout ratio is 71.60%.

Large investors have recently modified their holdings of the stock. FMR LLC boosted its stake in shares of KAR Auction Services by 40.3% in the second quarter. FMR LLC now owns 10,444,899 shares of the company’s stock worth $435,970,000 after buying an additional 2,998,636 shares during the period. Vanguard Group Inc. boosted its stake in KAR Auction Services by 3.5% in the second quarter. Vanguard Group Inc. now owns 9,964,804 shares of the company’s stock valued at $415,932,000 after buying an additional 339,126 shares during the last quarter. Wells Fargo & Company MN boosted its stake in KAR Auction Services by 2.9% in the third quarter. Wells Fargo & Company MN now owns 9,638,552 shares of the company’s stock valued at $416,001,000 after buying an additional 275,842 shares during the last quarter. Principal Financial Group Inc. boosted its stake in KAR Auction Services by 2.9% in the third quarter. Principal Financial Group Inc. now owns 4,844,989 shares of the company’s stock valued at $209,109,000 after buying an additional 137,692 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in KAR Auction Services by 0.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,572,806 shares of the company’s stock valued at $149,129,000 after buying an additional 32,250 shares during the last quarter.

KAR has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of KAR Auction Services from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. Susquehanna initiated coverage on shares of KAR Auction Services in a research note on Friday, August 26th. They set a “positive” rating and a $50.00 price objective for the company. Macquarie reiterated an “outperform” rating on shares of KAR Auction Services in a research note on Monday, August 29th. JPMorgan Chase & Co. restated a “buy” rating on shares of KAR Auction Services in a research note on Wednesday, August 3rd. Finally, Jefferies Group upped their price target on shares of KAR Auction Services from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $43.71.

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), Insurance Auto Auctions, Inc (IAA) and Automotive Finance Corporation (AFC).

5 Day Chart for NYSE:KAR

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