News stories about KAR Auction Services (NYSE:KAR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. KAR Auction Services earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the specialty retailer an impact score of 47.6923600213819 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- KAR Auction Services, Inc (KAR) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- KAR Auction Services tops Street 3Q forecasts (finance.yahoo.com)
- KAR Auction Services, Inc (KAR) Announces Quarterly Earnings Results (americanbankingnews.com)
- KAR Auction Services, Inc (KAR) to Issue Quarterly Dividend of $0.35 (americanbankingnews.com)
- KAR Auction Services, Inc. Reports Third Quarter 2017 Financial Results (feeds.benzinga.com)
Several brokerages have commented on KAR. Zacks Investment Research raised KAR Auction Services from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Wednesday. Gabelli began coverage on KAR Auction Services in a research report on Tuesday, July 4th. They set a “buy” rating and a $62.00 price objective for the company. J P Morgan Chase & Co raised 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. BidaskClub raised KAR Auction Services from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Jefferies Group LLC reissued a “buy” rating and set a $50.00 price objective on shares of KAR Auction Services in a research report on Tuesday, September 12th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $53.60.
KAR Auction Services (KAR) opened at 47.33 on Wednesday. The stock’s 50 day moving average price is $47.08 and its 200 day moving average price is $44.07. KAR Auction Services has a one year low of $38.16 and a one year high of $48.65. The company has a market capitalization of $6.50 billion, a P/E ratio of 29.04 and a beta of 1.07.
KAR Auction Services (NYSE:KAR) last issued 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. The firm had revenue of $843.00 million during the quarter, compared to analysts’ expectations of $846.42 million. KAR Auction Services had a return on equity of 21.46% and a net margin of 6.83%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 EPS. Equities analysts anticipate that KAR Auction Services will post $2.24 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be paid a dividend of $0.35 per share. This is a boost from KAR Auction Services’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.96%. KAR Auction Services’s dividend payout ratio is 78.53%.
In related news, COO Donald S. Gottwald sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $43.68, for a total transaction of $436,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.
KAR Auction Services Company Profile
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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