KAR Auction Services, Inc. (NYSE:KAR) Receives Consensus Rating of “Hold” from Brokerages

Shares of KAR Auction Services, Inc. (NYSE:KAR – Get Rating) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $19.00.

KAR has been the topic of a number of recent analyst reports. Stephens reiterated an “equal weight” rating and issued a $13.00 target price on shares of KAR Auction Services in a research report on Wednesday, February 22nd. Barrington Research reissued an “outperform” rating and set a $25.00 price target on shares of KAR Auction Services in a research note on Thursday, February 23rd. Finally, StockNews.com assumed coverage on KAR Auction Services in a research note on Thursday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On KAR Auction Services

Several institutional investors have recently added to or reduced their stakes in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of KAR Auction Services during the second quarter valued at approximately $27,000. Royal Bank of Canada increased its holdings in shares of KAR Auction Services by 165.8% during the third quarter. Royal Bank of Canada now owns 2,703 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 1,686 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of KAR Auction Services by 144.6% during the first quarter. Tower Research Capital LLC TRC now owns 2,872 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 1,698 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of KAR Auction Services by 193.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,964 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 1,953 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of KAR Auction Services by 47.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,692 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 1,196 shares in the last quarter.

KAR Auction Services Stock Down 1.1 %

Shares of NYSE KAR opened at $15.29 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.15 and a current ratio of 1.15. KAR Auction Services has a 52 week low of $11.15 and a 52 week high of $17.66. The stock has a market capitalization of $1.67 billion, a P/E ratio of 11.58, a PEG ratio of 0.87 and a beta of 1.47. The stock’s fifty day moving average is $13.65 and its 200 day moving average is $13.77.

KAR Auction Services (NYSE:KAR – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The specialty retailer reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. KAR Auction Services had a return on equity of 5.50% and a net margin of 16.18%. The company had revenue of $420.60 million for the quarter, compared to analysts’ expectations of $387.47 million. During the same quarter last year, the business earned ($0.02) earnings per share. KAR Auction Services’s revenue was up 13.9% on a year-over-year basis. Sell-side analysts forecast that KAR Auction Services will post 0.49 earnings per share for the current fiscal year.

KAR Auction Services Company Profile

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KAR Auction Services, Inc engages in the provision of used car auction services and salvage auction services in North America and the United Kingdom. It operates through the following segments: ADESA Auctions and Automotive Finance Corporation (AFC). The ADESA segment provides whole car auctions and related services to the vehicle remarketing industry in North America.