KAR Auction Services (KAR) to Release Quarterly Earnings on Tuesday

KAR Auction Services (NYSE:KARGet Rating) is set to issue its quarterly earnings data after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

KAR Auction Services (NYSE:KARGet Rating) last posted its quarterly earnings data on Wednesday, February 16th. The specialty retailer reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The company had revenue of $549.40 million for the quarter, compared to analysts’ expectations of $506.95 million. KAR Auction Services had a net margin of 2.95% and a return on equity of 8.28%. KAR Auction Services’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) earnings per share. On average, analysts expect KAR Auction Services to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

KAR stock opened at $16.40 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.22. The company’s 50 day moving average is $17.34 and its 200 day moving average is $15.89. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 91.11, a price-to-earnings-growth ratio of 0.84 and a beta of 1.29. KAR Auction Services has a 1-year low of $11.76 and a 1-year high of $22.10.

Institutional investors have recently modified their holdings of the company. Bank of Montreal Can bought a new position in shares of KAR Auction Services in the fourth quarter worth approximately $497,000. State of Tennessee Treasury Department bought a new position in shares of KAR Auction Services in the fourth quarter worth approximately $612,000. Deutsche Bank AG grew its holdings in shares of KAR Auction Services by 1.7% in the fourth quarter. Deutsche Bank AG now owns 79,312 shares of the specialty retailer’s stock worth $1,239,000 after purchasing an additional 1,324 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of KAR Auction Services by 216.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 98,596 shares of the specialty retailer’s stock worth $1,540,000 after purchasing an additional 67,443 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of KAR Auction Services by 88.8% in the fourth quarter. Comerica Bank now owns 104,574 shares of the specialty retailer’s stock worth $1,606,000 after purchasing an additional 49,171 shares during the last quarter.

KAR has been the topic of several research analyst reports. Robert W. Baird upped their price objective on shares of KAR Auction Services from $18.00 to $25.00 in a research report on Monday, February 28th. StockNews.com assumed coverage on shares of KAR Auction Services in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Guggenheim upgraded shares of KAR Auction Services from a “sell” rating to a “neutral” rating in a research report on Friday, February 25th. Northcoast Research cut shares of KAR Auction Services from a “buy” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research report on Monday, February 28th. Finally, TheStreet upgraded shares of KAR Auction Services from a “d+” rating to a “c-” rating in a research report on Friday, February 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $22.80.

About KAR Auction Services (Get Rating)

KAR Auction Services, Inc, together with its subsidiaries, provides used vehicle auctions and related vehicle remarketing services for the automotive industry in the United States, Europe, Canada, Mexico, and the United Kingdom. The company operates through two segments, ADESA Auctions and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.

Further Reading

Earnings History for KAR Auction Services (NYSE:KAR)

Receive News & Ratings for KAR Auction Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KAR Auction Services and related companies with MarketBeat.com's FREE daily email newsletter.