News headlines about KAR Auction Services (NYSE:KAR) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. KAR Auction Services earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the specialty retailer an impact score of 47.0959251045205 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of KAR Auction Services (KAR) traded up $0.26 during midday trading on Friday, reaching $53.27. 904,077 shares of the company were exchanged, compared to its average volume of 602,010. KAR Auction Services has a 52 week low of $40.27 and a 52 week high of $53.34. The stock has a market cap of $7,205.57, a price-to-earnings ratio of 31.34, a P/E/G ratio of 1.52 and a beta of 1.08. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.35 and a current ratio of 1.35.
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 analysts’ consensus estimates 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 company had revenue of $843.00 million during the quarter, compared to analyst estimates of $846.42 million. During the same period in the previous year, the business earned $0.50 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. equities research analysts predict that KAR Auction Services will post 2.36 earnings per share for the current year.
Several analysts have weighed in on KAR shares. Zacks Investment Research cut KAR Auction Services from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. JPMorgan Chase & Co. lifted their price objective on KAR Auction Services from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. Finally, 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 report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $52.80.
In other news, EVP Lisa A. Price sold 10,000 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $51.18, for a total transaction of $511,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Benjamin Skuy sold 12,000 shares of the business’s stock in a transaction 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 ninety days, insiders sold 32,000 shares of company stock valued at $1,575,200. 1.30% of the stock is currently owned by insiders.
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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).
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