Media headlines about KAR Auction Services (NYSE:KAR) have trended somewhat positive on Thursday, Accern reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. KAR Auction Services earned a news impact score of 0.25 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 47.1663825994757 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of KAR Auction Services (NYSE KAR) traded up $0.41 on Thursday, reaching $48.69. The company’s stock had a trading volume of 912,900 shares, compared to its average volume of 956,847. The stock has a market capitalization of $6,530.59, a price-to-earnings ratio of 21.08, 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 has a 1-year low of $40.27 and a 1-year high of $49.38.
KAR Auction Services (NYSE:KAR) last issued its earnings results on Tuesday, October 31st. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.06. The business had revenue of $843.00 million during the quarter, compared to analyst estimates of $846.42 million. KAR Auction Services had a return on equity of 22.37% and a net margin of 6.94%. KAR Auction Services’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. equities research analysts anticipate that KAR Auction Services will post 2.36 EPS for the current year.
Several analysts have issued reports on the company. BidaskClub raised KAR Auction Services from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. J P Morgan Chase & Co upped their target price on KAR Auction Services from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. Zacks Investment Research raised KAR Auction Services from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, November 8th. Gabelli lowered KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 target price for the company. in a research note on Thursday, November 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of KAR Auction Services in a research note on Tuesday, September 12th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $52.20.
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In other news, COO Donald S. Gottwald sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $48.14, for a total transaction of $481,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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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