J Mark Howell Purchases 15,300 Shares of KAR Auction Services, Inc. (NYSE:KAR) Stock

KAR Auction Services, Inc. (NYSE:KARGet Rating) Director J Mark Howell purchased 15,300 shares of KAR Auction Services stock in a transaction that occurred on Wednesday, May 11th. The stock was purchased at an average price of $13.00 per share, with a total value of $198,900.00. Following the transaction, the director now owns 15,300 shares in the company, valued at approximately $198,900. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of KAR opened at $13.58 on Friday. The company’s fifty day moving average is $16.83 and its 200-day moving average is $15.77. KAR Auction Services, Inc. has a 12 month low of $11.76 and a 12 month high of $22.10. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of -84.88, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.62.

KAR Auction Services (NYSE:KARGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The specialty retailer reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.15). The business had revenue of $369.40 million for the quarter, compared to analyst estimates of $559.77 million. KAR Auction Services had a return on equity of 3.35% and a net margin of 0.75%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. As a group, research analysts predict that KAR Auction Services, Inc. will post 0.63 earnings per share for the current fiscal year.

Several research analysts have weighed in on the stock. Guggenheim upgraded shares of KAR Auction Services from a “sell” rating to a “neutral” rating in a research note on Friday, February 25th. Zacks Investment Research lowered shares of KAR Auction Services from a “hold” rating to a “sell” rating in a research note on Thursday, May 5th. StockNews.com lowered shares of KAR Auction Services from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. TheStreet lowered shares of KAR Auction Services from a “c” rating to a “d+” rating in a research note on Wednesday, May 4th. Finally, Robert W. Baird dropped their price objective on shares of KAR Auction Services from $25.00 to $22.00 in a research note on Thursday, May 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, KAR Auction Services has a consensus rating of “Hold” and an average price target of $21.83.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mission Wealth Management LP boosted its holdings in shares of KAR Auction Services by 3.0% during the 1st quarter. Mission Wealth Management LP now owns 24,771 shares of the specialty retailer’s stock worth $447,000 after buying an additional 714 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of KAR Auction Services by 5.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 17,458 shares of the specialty retailer’s stock worth $315,000 after buying an additional 906 shares during the period. M&T Bank Corp boosted its holdings in shares of KAR Auction Services by 1.6% during the 4th quarter. M&T Bank Corp now owns 78,821 shares of the specialty retailer’s stock worth $1,231,000 after buying an additional 1,255 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of KAR Auction Services by 5.4% during the 1st quarter. Verdence Capital Advisors LLC now owns 24,827 shares of the specialty retailer’s stock worth $448,000 after buying an additional 1,261 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of KAR Auction Services by 1.7% during the 4th quarter. Deutsche Bank AG now owns 79,312 shares of the specialty retailer’s stock worth $1,239,000 after buying an additional 1,324 shares during the period.

KAR Auction Services Company Profile (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.

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