Schroder Investment Management Group boosted its stake in shares of KAR Auction Services, Inc (NYSE:KAR) by 5.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,730,979 shares of the specialty retailer’s stock after acquiring an additional 130,936 shares during the period. Schroder Investment Management Group owned about 1.99% of KAR Auction Services worth $114,045,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its position in KAR Auction Services by 1.1% during the first quarter. Envestnet Asset Management Inc. now owns 6,398 shares of the specialty retailer’s stock worth $280,000 after acquiring an additional 69 shares during the period. Teacher Retirement System of Texas raised its position in KAR Auction Services by 0.7% during the second quarter. Teacher Retirement System of Texas now owns 10,954 shares of the specialty retailer’s stock worth $460,000 after acquiring an additional 81 shares during the period. Comerica Bank raised its position in KAR Auction Services by 1.4% during the first quarter. Comerica Bank now owns 6,094 shares of the specialty retailer’s stock worth $269,000 after acquiring an additional 87 shares during the period. Utah Retirement Systems raised its position in KAR Auction Services by 0.4% during the first quarter. Utah Retirement Systems now owns 25,200 shares of the specialty retailer’s stock worth $1,100,000 after acquiring an additional 100 shares during the period. Finally, Dumont & Blake Investment Advisors LLC raised its position in KAR Auction Services by 0.6% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 16,180 shares of the specialty retailer’s stock worth $679,000 after acquiring an additional 100 shares during the period. Institutional investors own 99.95% of the company’s stock.

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In other news, CEO John W. Kett sold 10,008 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $42.06, for a total transaction of $420,936.48. Following the completion of the transaction, the chief executive officer now directly owns 58,941 shares in the company, valued at approximately $2,479,058.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Donald S. Gottwald sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $43.68, for a total value of $436,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,039 shares of company stock valued at $1,279,186. Company insiders own 1.30% of the company’s stock.

Shares of KAR Auction Services, Inc (NYSE:KAR) opened at 44.9522 on Thursday. The stock has a 50 day moving average of $43.26 and a 200-day moving average of $43.26. The firm has a market capitalization of $6.17 billion, a PE ratio of 27.5780 and a beta of 1.10. KAR Auction Services, Inc has a 12 month low of $38.16 and a 12 month high of $47.03.

KAR Auction Services (NYSE:KAR) last released its earnings results on Tuesday, August 8th. The specialty retailer reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.07. The company had revenue of $858 million during the quarter, compared to analysts’ expectations of $850.67 million. KAR Auction Services had a return on equity of 21.46% and a net margin of 6.83%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 EPS. On average, equities research analysts anticipate that KAR Auction Services, Inc will post $2.26 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Wednesday, September 20th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, September 19th. KAR Auction Services’s dividend payout ratio (DPR) is currently 78.53%.

A number of brokerages have recently commented on KAR. Zacks Investment Research upgraded shares of KAR Auction Services from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. Stephens cut shares of KAR Auction Services from an “overweight” rating to an “equal weight” rating in a research report on Thursday. Gabelli began coverage on shares of KAR Auction Services in a research report on Tuesday, July 4th. They issued a “buy” rating and a $62.00 target price for the company. Finally, BidaskClub upgraded shares of KAR Auction Services from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. KAR Auction Services has an average rating of “Hold” and an average price target of $56.50.

KAR Auction Services 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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Institutional Ownership by Quarter for KAR Auction Services (NYSE:KAR)

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