Analysts at Guggenheim started coverage on shares of KAR Auction Services (NYSE:KAR) in a research note issued on Tuesday. The firm set a “neutral” rating on the specialty retailer’s stock.

Other analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of KAR Auction Services from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Wednesday, February 7th. Robert W. Baird reaffirmed a “buy” rating and set a $60.00 price target on shares of KAR Auction Services in a research report on Thursday, March 1st. Gabelli raised shares of KAR Auction Services from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Stephens set a $57.00 price target on shares of KAR Auction Services and gave the stock a “hold” rating in a research report on Wednesday, January 17th. Finally, SunTrust Banks assumed coverage on shares of KAR Auction Services in a research report on Thursday, March 22nd. They set a “buy” rating and a $65.00 price target for the company. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $58.89.

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Shares of KAR stock traded down $0.14 on Tuesday, reaching $53.63. 78,895 shares of the stock were exchanged, compared to its average volume of 953,863. The company has a market cap of $7,176.09, a price-to-earnings ratio of 21.49, a PEG ratio of 1.64 and a beta of 1.10. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.80. KAR Auction Services has a 1-year low of $40.27 and a 1-year high of $56.75.

KAR Auction Services (NYSE:KAR) last announced its quarterly earnings results on Tuesday, February 20th. The specialty retailer reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.10. KAR Auction Services had a net margin of 10.47% and a return on equity of 23.61%. The firm had revenue of $890.40 million during the quarter, compared to analysts’ expectations of $882.22 million. During the same period in the prior year, the company earned $0.45 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. analysts expect that KAR Auction Services will post 2.97 earnings per share for the current fiscal year.

In other KAR Auction Services news, EVP Lisa A. Price sold 2,188 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $54.00, for a total value of $118,152.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rebecca C. Polak sold 44,000 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $56.20, for a total transaction of $2,472,800.00. Following the completion of the transaction, the insider now directly owns 90,390 shares of the company’s stock, valued at $5,079,918. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,751 shares of company stock valued at $3,495,282. 1.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in KAR Auction Services by 13.3% in the 4th quarter. BlackRock Inc. now owns 7,018,588 shares of the specialty retailer’s stock valued at $354,508,000 after buying an additional 825,974 shares during the last quarter. Frontier Capital Management Co. LLC boosted its position in KAR Auction Services by 3.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,641,292 shares of the specialty retailer’s stock valued at $133,412,000 after buying an additional 76,299 shares during the last quarter. Wells Fargo & Company MN boosted its position in KAR Auction Services by 0.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,579,446 shares of the specialty retailer’s stock valued at $130,288,000 after buying an additional 23,454 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in KAR Auction Services by 4.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,991,860 shares of the specialty retailer’s stock valued at $100,609,000 after buying an additional 79,994 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in KAR Auction Services by 18.7% in the 4th quarter. Geode Capital Management LLC now owns 1,654,703 shares of the specialty retailer’s stock valued at $83,578,000 after buying an additional 260,712 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

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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).

Analyst Recommendations for KAR Auction Services (NYSE:KAR)

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