KAR Auction Services, Inc. (NYSE:KAR) Director J Mark Howell Acquires 15,300 Shares of Stock

KAR Auction Services, Inc. (NYSE:KARGet Rating) Director J Mark Howell acquired 15,300 shares of the company’s stock in a transaction on Wednesday, May 11th. The stock was purchased at an average cost of $13.00 per share, for a total transaction of $198,900.00. Following the completion of the purchase, the director now directly owns 15,300 shares in the company, valued at approximately $198,900. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

NYSE:KAR opened at $13.58 on Friday. KAR Auction Services, Inc. has a fifty-two week low of $11.76 and a fifty-two week high of $22.10. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The firm’s fifty day simple moving average is $16.92 and its 200-day simple moving average is $15.78.

KAR Auction Services (NYSE:KARGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The specialty retailer reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.15). KAR Auction Services had a return on equity of 3.35% and a net margin of 0.75%. The business had revenue of $369.40 million during the quarter, compared to analysts’ expectations of $559.77 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. KAR Auction Services’s quarterly revenue was down .1% on a year-over-year basis. As a group, analysts forecast that KAR Auction Services, Inc. will post 0.63 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in KAR. Raymond James & Associates boosted its position in shares of KAR Auction Services by 22.1% in the 3rd quarter. Raymond James & Associates now owns 83,988 shares of the specialty retailer’s stock worth $1,377,000 after buying an additional 15,180 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of KAR Auction Services by 18.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 690,398 shares of the specialty retailer’s stock worth $11,314,000 after buying an additional 105,651 shares in the last quarter. Barclays PLC boosted its position in shares of KAR Auction Services by 55.5% in the 3rd quarter. Barclays PLC now owns 197,756 shares of the specialty retailer’s stock worth $3,241,000 after buying an additional 70,552 shares in the last quarter. Citigroup Inc. boosted its position in shares of KAR Auction Services by 62.6% in the 3rd quarter. Citigroup Inc. now owns 30,592 shares of the specialty retailer’s stock worth $501,000 after buying an additional 11,775 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of KAR Auction Services by 47,688.4% in the 3rd quarter. William Blair Investment Management LLC now owns 2,723,937 shares of the specialty retailer’s stock worth $44,645,000 after buying an additional 2,718,237 shares in the last quarter.

Several equities analysts have issued reports on the stock. Robert W. Baird dropped their price objective on shares of KAR Auction Services from $25.00 to $22.00 in a research note on Thursday, May 5th. Zacks Investment Research cut shares of KAR Auction Services from a “hold” rating to a “sell” rating in a research note on Thursday, May 5th. CJS Securities raised shares of KAR Auction Services from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Wednesday, May 4th. StockNews.com cut shares of KAR Auction Services from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. Finally, TheStreet cut shares of KAR Auction Services from a “c” rating to a “d+” rating in a research note on Wednesday, May 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.83.

KAR Auction Services Company Profile (Get Rating)

KAR Auction Services, Inc, together with its subsidiaries, provides used vehicle auctions and related vehicle remarketing services for the automotive industry in the United States, Europe, Canada, Mexico, and the United Kingdom. The company operates through two segments, ADESA Auctions 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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