KAR Auction Services (KAR) Getting Somewhat Favorable Media Coverage, Accern Reports

News coverage about KAR Auction Services (NYSE:KAR) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of 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 0.23 on Accern’s scale. Accern also assigned headlines about the specialty retailer an impact score of 48.2911881485538 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

Shares of KAR Auction Services (NYSE KAR) opened at 43.04 on Friday. KAR Auction Services has a 52-week low of $38.16 and a 52-week high of $47.03. The firm has a market cap of $5.86 billion, a PE ratio of 26.40 and a beta of 1.12. The stock’s 50 day moving average price is $41.68 and its 200-day moving average price is $43.43.

KAR Auction Services (NYSE:KAR) last announced its quarterly earnings data on Tuesday, August 8th. The specialty retailer reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $858 million for the quarter, compared to the consensus estimate of $850.67 million. KAR Auction Services had a net margin of 6.83% and a return on equity of 21.56%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. On average, equities research analysts anticipate that KAR Auction Services will post $2.24 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Wednesday, September 20th will be issued a $0.32 dividend. The ex-dividend date is Tuesday, September 19th. This represents a $1.28 dividend on an annualized basis and a yield of 2.97%. KAR Auction Services’s dividend payout ratio (DPR) is presently 78.53%.

A number of analysts have recently commented on KAR shares. Zacks Investment Research upgraded KAR Auction Services from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. BidaskClub cut KAR Auction Services from a “hold” rating to a “sell” rating in a research report on Saturday, June 17th. Finally, Gabelli started coverage on KAR Auction Services in a research report on Tuesday, July 4th. They set a “buy” rating and a $62.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $54.33.

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In other news, CEO John W. Kett sold 10,008 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $42.06, for a total transaction of $420,936.48. Following the completion of the sale, the chief executive officer now owns 58,941 shares of the company’s stock, valued at approximately $2,479,058.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John W. Kett sold 10,011 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $42.01, for a total transaction of $420,562.11. Following the sale, the chief executive officer now directly owns 65,982 shares of the company’s stock, valued at approximately $2,771,903.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,932 shares of company stock valued at $1,276,878. 1.30% of the stock is owned by company insiders.

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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