KAR Auction Services (NYSE:KAR) has been assigned a $57.00 target price by equities research analysts at Stephens in a report released on Wednesday. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Stephens’ target price indicates a potential upside of 6.80% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of KAR Auction Services from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Thursday, January 11th. Gabelli cut shares of KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 price objective on the stock. in a report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of KAR Auction Services from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $54.60.

Shares of KAR Auction Services (KAR) opened at $53.37 on Wednesday. The firm has a market cap of $7,205.56, a PE ratio of 31.39, a price-to-earnings-growth ratio of 1.52 and a beta of 1.08. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.90. KAR Auction Services has a fifty-two week low of $40.27 and a fifty-two week high of $53.84.

KAR Auction Services (NYSE:KAR) last announced its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.06. The business had revenue of $843.00 million for the quarter, compared to analysts’ expectations of $846.42 million. KAR Auction Services had a net margin of 6.94% and a return on equity of 22.37%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share. equities analysts expect that KAR Auction Services will post 2.36 EPS for the current year.

In other news, EVP Lisa A. Price sold 10,000 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $51.18, for a total transaction of $511,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Benjamin Skuy sold 12,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $48.50, for a total transaction of $582,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,000 shares of company stock worth $1,575,200. Corporate insiders own 1.30% of the company’s stock.

Several large investors have recently bought and sold shares of KAR. Archford Capital Strategies LLC grew its holdings in shares of KAR Auction Services by 832.0% during the second quarter. Archford Capital Strategies LLC now owns 932 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 832 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of KAR Auction Services during the second quarter valued at approximately $118,000. KBC Group NV grew its holdings in shares of KAR Auction Services by 81.5% during the third quarter. KBC Group NV now owns 2,696 shares of the specialty retailer’s stock valued at $129,000 after buying an additional 1,211 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of KAR Auction Services by 105.6% during the second quarter. PNC Financial Services Group Inc. now owns 4,063 shares of the specialty retailer’s stock valued at $171,000 after buying an additional 2,087 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of KAR Auction Services by 9.4% during the second quarter. The Manufacturers Life Insurance Company now owns 4,210 shares of the specialty retailer’s stock valued at $177,000 after buying an additional 363 shares during the last quarter. Hedge funds and other institutional investors own 99.22% of the company’s stock.

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About KAR Auction Services

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).

Analyst Recommendations for KAR Auction Services (NYSE:KAR)

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