$0.52 EPS Expected for KAR Auction Services Inc (KAR) This Quarter

Brokerages expect that KAR Auction Services Inc (NYSE:KAR) will report earnings of $0.52 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for KAR Auction Services’ earnings, with estimates ranging from $0.50 to $0.55. KAR Auction Services posted earnings of $0.45 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.6%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, February 20th.

On average, analysts expect that KAR Auction Services will report full year earnings of $2.37 per share for the current year, with EPS estimates ranging from $2.35 to $2.40. For the next year, analysts anticipate that the company will post earnings of $2.66 per share, with EPS estimates ranging from $2.52 to $2.89. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow KAR Auction Services.

Several equities analysts have commented on KAR shares. JPMorgan Chase & Co. increased their price target on KAR Auction Services from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Zacks Investment Research downgraded KAR Auction Services from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Gabelli downgraded KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a report on Thursday, November 2nd. Finally, Stephens set a $57.00 price target on KAR Auction Services and gave the company a “hold” rating in a report on Wednesday, January 17th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $54.40.

Shares of KAR Auction Services (NYSE KAR) traded up $0.28 during mid-day trading on Friday, reaching $49.79. The company’s stock had a trading volume of 20,633 shares, compared to its average volume of 718,651. KAR Auction Services has a one year low of $40.27 and a one year high of $55.19. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market capitalization of $6,696.96, a P/E ratio of 21.62, a PEG ratio of 1.69 and a beta of 1.10.

In other news, EVP Benjamin Skuy sold 12,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $48.50, for a total value of $582,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Donald S. Gottwald sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $48.14, for a total value of $481,400.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,563 shares of company stock worth $1,929,930. Corporate insiders own 1.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC bought a new position in shares of KAR Auction Services during the 2nd quarter valued at about $69,833,000. BlackRock Inc. increased its holdings in shares of KAR Auction Services by 13.3% during the 4th quarter. BlackRock Inc. now owns 7,018,588 shares of the specialty retailer’s stock worth $354,508,000 after acquiring an additional 825,974 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of KAR Auction Services by 139,965.7% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 588,276 shares of the specialty retailer’s stock worth $28,084,000 after acquiring an additional 587,856 shares during the last quarter. Reinhart Partners Inc. acquired a new position in shares of KAR Auction Services during the 3rd quarter worth approximately $25,515,000. Finally, Mawer Investment Management Ltd. increased its holdings in shares of KAR Auction Services by 72.1% during the 4th quarter. Mawer Investment Management Ltd. now owns 920,010 shares of the specialty retailer’s stock worth $46,470,000 after acquiring an additional 385,540 shares during the last quarter. 98.89% of the stock is owned by institutional investors.

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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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