KAR Auction Services Inc (NYSE:KAR) – Research analysts at Northcoast Research decreased their Q1 2019 EPS estimates for shares of KAR Auction Services in a research note issued on Friday, April 12th. Northcoast Research analyst J. Healy now expects that the specialty retailer will post earnings per share of $0.75 for the quarter, down from their previous forecast of $0.76. Northcoast Research also issued estimates for KAR Auction Services’ FY2019 earnings at $3.01 EPS.

KAR has been the subject of a number of other research reports. Barrington Research restated a “buy” rating on shares of KAR Auction Services in a report on Wednesday, February 20th. Zacks Investment Research upgraded shares of KAR Auction Services from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Robert W. Baird restated a “buy” rating and set a $56.00 price objective on shares of KAR Auction Services in a report on Wednesday, February 20th. Finally, SunTrust Banks decreased their price objective on shares of KAR Auction Services to $65.00 and set a “buy” rating for the company in a report on Monday, January 7th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. KAR Auction Services currently has an average rating of “Buy” and an average target price of $63.00.

Shares of NYSE KAR opened at $54.15 on Monday. The company has a market cap of $7.14 billion, a P/E ratio of 18.29, a PEG ratio of 1.71 and a beta of 1.11. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.81. KAR Auction Services has a 52-week low of $43.32 and a 52-week high of $64.55.

KAR Auction Services (NYSE:KAR) last issued its quarterly earnings data on Tuesday, February 19th. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The firm had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $936.37 million. KAR Auction Services had a net margin of 8.70% and a return on equity of 26.46%.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 22nd were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Thursday, March 21st. KAR Auction Services’s payout ratio is currently 47.30%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc lifted its stake in KAR Auction Services by 13.4% in the fourth quarter. IFP Advisors Inc now owns 1,683 shares of the specialty retailer’s stock valued at $79,000 after buying an additional 199 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of KAR Auction Services by 8.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,083 shares of the specialty retailer’s stock worth $147,000 after purchasing an additional 236 shares in the last quarter. Private Capital Group LLC lifted its position in shares of KAR Auction Services by 32.8% in the fourth quarter. Private Capital Group LLC now owns 993 shares of the specialty retailer’s stock worth $48,000 after purchasing an additional 245 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of KAR Auction Services by 4.3% in the fourth quarter. D.A. Davidson & CO. now owns 6,891 shares of the specialty retailer’s stock worth $329,000 after purchasing an additional 282 shares in the last quarter. Finally, Arlington Partners LLC lifted its position in shares of KAR Auction Services by 70.0% in the first quarter. Arlington Partners LLC now owns 850 shares of the specialty retailer’s stock worth $44,000 after purchasing an additional 350 shares in the last quarter.

About KAR Auction Services

KAR Auction Services, Inc, together with its subsidiaries, provides used car auction and salvage auction services in the United States, Canada, Mexico, and the United Kingdom. The company operates through three segments: ADESA Auctions, IAA, and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.

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Earnings History and Estimates for KAR Auction Services (NYSE:KAR)

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