KAR Auction Services, Inc (NYSE:KAR) COO Donald S. Gottwald sold 10,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $48.14, for a total transaction of $481,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

KAR Auction Services, Inc (KAR) traded up $0.17 during midday trading on Friday, hitting $47.70. 661,356 shares of the stock traded hands, compared to its average volume of 956,799. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.90. KAR Auction Services, Inc has a twelve month low of $39.75 and a twelve month high of $49.38. The stock has a market capitalization of $6,511.65, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.51 and a beta of 1.08.

KAR Auction Services (NYSE:KAR) last posted its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.06. KAR Auction Services had a net margin of 6.94% and a return on equity of 22.37%. The business had revenue of $843.00 million during the quarter, compared to analyst estimates of $846.42 million. During the same quarter last year, the firm posted $0.50 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. analysts forecast that KAR Auction Services, Inc will post 2.37 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th will be paid a $0.35 dividend. This is a positive change from KAR Auction Services’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.40 annualized dividend and a dividend yield of 2.94%. KAR Auction Services’s dividend payout ratio (DPR) is presently 75.29%.

TRADEMARK VIOLATION WARNING: “KAR Auction Services, Inc (KAR) COO Donald S. Gottwald Sells 10,000 Shares” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/11/17/kar-auction-services-inc-kar-coo-donald-s-gottwald-sells-10000-shares.html.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Archford Capital Strategies LLC boosted its stake in shares of KAR Auction Services by 832.0% in the second quarter. Archford Capital Strategies LLC now owns 932 shares of the specialty retailer’s stock valued at $103,000 after purchasing an additional 832 shares during the period. Acrospire Investment Management LLC purchased a new position in shares of KAR Auction Services in the second quarter valued at approximately $118,000. KBC Group NV boosted its stake in shares of KAR Auction Services by 81.5% in the third quarter. KBC Group NV now owns 2,696 shares of the specialty retailer’s stock valued at $129,000 after purchasing an additional 1,211 shares during the period. CENTRAL TRUST Co purchased a new position in shares of KAR Auction Services in the second quarter valued at approximately $150,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of KAR Auction Services by 105.6% in the second quarter. PNC Financial Services Group Inc. now owns 4,063 shares of the specialty retailer’s stock valued at $171,000 after purchasing an additional 2,087 shares during the period.

Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of KAR Auction Services from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Wednesday, November 1st. Gabelli lowered shares of KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 target price for the company. in a research note on Thursday, November 2nd. BidaskClub raised shares of KAR Auction Services from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of KAR Auction Services in a research note on Tuesday, September 12th. Finally, J P Morgan Chase & Co increased their target price on shares of KAR Auction Services from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $52.20.

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).

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

Receive News & Stock Ratings for KAR Auction Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KAR Auction Services Inc and related stocks with our FREE daily email newsletter.