News coverage about KAR Auction Services (NYSE:KAR) has trended somewhat positive recently, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. KAR Auction Services earned a news impact score of 0.24 on Accern’s scale. Accern also gave news headlines about the specialty retailer an impact score of 47.0315620627433 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- $0.52 Earnings Per Share Expected for KAR Auction Services Inc (KAR) This Quarter (americanbankingnews.com)
- KAR Auction Services Inc (KAR) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- KAR Auction Services, Inc. : KAR-US: Dividend Analysis : December 20th, 2017 (record date) : By the numbers : December 20, 2017 (finance.yahoo.com)
- KAR Auction Services Inc (KAR) Sees Large Decline in Short Interest (americanbankingnews.com)
- KAR Auction Services Sees Unusually High Options Volume (KAR) (americanbankingnews.com)
A number of equities research analysts have recently weighed in on KAR shares. Stephens downgraded shares of KAR Auction Services from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $51.00 to $48.00 in a research note on Thursday, September 7th. J P Morgan Chase & Co raised their price target on shares of KAR Auction Services from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. Zacks Investment Research upgraded shares of KAR Auction Services from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Wednesday, November 8th. Jefferies Group restated a “buy” rating and issued a $50.00 price target on shares of KAR Auction Services in a research note on Tuesday, September 12th. Finally, Gabelli downgraded shares of KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a research note on Thursday, November 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $52.20.
KAR Auction Services (NYSE:KAR) last issued its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 6.94% and a return on equity of 22.37%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business earned $0.50 EPS. analysts predict that KAR Auction Services will post 2.36 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Tuesday, December 19th. This is a positive change from KAR Auction Services’s previous quarterly dividend of $0.32. KAR Auction Services’s dividend payout ratio (DPR) is 82.35%.
In other KAR Auction Services news, EVP Benjamin Skuy sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $48.50, for a total transaction of $582,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Donald S. Gottwald sold 10,000 shares of the firm’s 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 disclosure for this sale can be found here. In the last quarter, insiders sold 32,000 shares of company stock valued at $1,575,200. 1.30% of the stock is owned by company insiders.
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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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