KAR Auction Services, Inc., together with its subsidiaries, provides used car auction and salvage auction services in the United States, Canada, Mexico, and the United Kingdom. The company operates through three segments: ADESA Auctions, IAA, and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities. It also provides value-added services, such as auction related, transportation, reconditioning, inspection, title and repossession administration and remarketing, vehicle research, and analytical services, as well as data. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. The IAA segment offers various loss solutions and salvage vehicle auction services that facilitate the remarketing of vehicles for a range of sellers, including insurance companies, dealerships, rental car companies, fleet lease companies, and charitable organizations. This segment also provides catastrophe, vehicle inspection center, and transportation and towing services. The AFC segment offers floorplan financing, a short-term inventory-secured financing, to independent used vehicle dealers. As of December 31, 2017, the company had a network of 75 whole car auction locations and 175 salvage auction sites. The company was formerly known as KAR Holdings, Inc. and changed its name to KAR Auction Services, Inc. in November 2009. KAR Auction Services, Inc. was founded in 2006 and is headquartered in Carmel, Indiana.
Industry, Sector and Symbol
Industry Automotive dealers & gasoline service stations
Sub-IndustryDiversified Support Services
SectorRetail/Wholesale
SymbolNYSE:KAR
CUSIP48238T10
Phone800-923-3725
Debt
Debt-to-Equity Ratio1.75
Current Ratio1.30
Quick Ratio1.30
Price-To-Earnings
Trailing P/E Ratio22.06
Forward P/E Ratio18.45
P/E Growth1.32
Sales & Book Value
Annual Sales$3.46 billion
Price / Sales2.15
Cash Flow$4.5852 per share
Price / Cash12.03
Book Value$10.98 per share
Price / Book5.02
Profitability
EPS (Most Recent Fiscal Year)$2.50
Net Income$362 million
Net Margins10.81%
Return on Equity24.93%
Return on Assets5.22%
Miscellaneous
Employees17,500
Outstanding Shares134,960,000
KAR Auction Services (NYSE:KAR) Frequently Asked Questions
What is KAR Auction Services' stock symbol?
KAR Auction Services trades on the New York Stock Exchange (NYSE) under the ticker symbol "KAR."
How often does KAR Auction Services pay dividends? What is the dividend yield for KAR Auction Services?
KAR Auction Services declared a quarterly dividend on Tuesday, May 8th. Stockholders of record on Thursday, June 21st will be paid a dividend of $0.35 per share on Thursday, July 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Wednesday, June 20th. View KAR Auction Services' Dividend History.
How were KAR Auction Services' earnings last quarter?
KAR Auction Services Inc (NYSE:KAR) announced its earnings results on Tuesday, May, 8th. The specialty retailer reported $0.82 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.76 by $0.06. The specialty retailer earned $950.50 million during the quarter, compared to analyst estimates of $923.66 million. KAR Auction Services had a return on equity of 24.93% and a net margin of 10.81%. The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 earnings per share. View KAR Auction Services' Earnings History.
When is KAR Auction Services' next earnings date?
What guidance has KAR Auction Services issued on next quarter's earnings?
KAR Auction Services issued an update on its FY18 earnings guidance on Tuesday, May, 8th. The company provided EPS guidance of $2.89-3.04 for the period, compared to the Thomson Reuters consensus estimate of $2.97.
What price target have analysts set for KAR?
9 brokers have issued 12 month target prices for KAR Auction Services' stock. Their forecasts range from $50.00 to $66.00. On average, they anticipate KAR Auction Services' stock price to reach $58.6250 in the next twelve months. View Analyst Ratings for KAR Auction Services.
Who are some of KAR Auction Services' key competitors?
Some companies that are related to KAR Auction Services include Copart (CPRT), CarMax (KMX), Carvana (CVNA), AutoNation (AN), Penske Automotive Group (PAG), Casey's General Stores (CASY), Murphy USA (MUSA), Lithia Motors (LAD), Camping World (CWH), Rush Enterprises (RUSHA), Rush Enterprises, Inc. Class B (RUSHB), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), Fincera (YUANF) and Sonic Automotive (SAH).
Who are KAR Auction Services' key executives?
KAR Auction Services' management team includes the folowing people:
- Mr. James P. Hallett, Chairman & CEO (Age 65)
- Mr. Eric M. Loughmiller, Exec. VP & CFO (Age 58)
- Mr. Donald S. Gottwald, COO & Chief Strategy Officer (Age 51)
- Ms. Rebecca C. Polak, Chief Legal Officer & Sec. (Age 47)
- Mr. John W. Kett, CEO & Pres of Insurance Auto Auctions (Age 54)
Has KAR Auction Services been receiving favorable news coverage?
News stories about KAR stock have trended somewhat positive recently, according to Accern Sentiment. The research firm rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. KAR Auction Services earned a daily sentiment score of 0.12 on Accern's scale. They also assigned headlines about the specialty retailer an impact score of 46.00 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are KAR Auction Services' major shareholders?
KAR Auction Services' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Summit Trail Advisors LLC (4.89%), BlackRock Inc. (4.65%), OppenheimerFunds Inc. (2.99%), Mawer Investment Management Ltd. (2.43%), Principal Financial Group Inc. (2.35%) and Principal Financial Group Inc. (2.35%). Company insiders that own KAR Auction Services stock include Benjamin Skuy, Canny Rodríguez-Mariãƒâ¡Tegui, David Wallace Brace, Donald S Gottwald, Hilaire Stephane St, James E Money II, John W Kett, Kelly Peter, Lisa A Price, Mark E Hill, Rebecca C Polak and Thomas J Caruso. View Institutional Ownership Trends for KAR Auction Services.
Which major investors are selling KAR Auction Services stock?
KAR stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, BlackRock Inc., Boston Partners, Victory Capital Management Inc., Epoch Investment Partners Inc., Principal Financial Group Inc., Principal Financial Group Inc. and GW&K Investment Management LLC. Company insiders that have sold KAR Auction Services company stock in the last year include Benjamin Skuy, Donald S Gottwald, Hilaire Stephane St, John W Kett, Lisa A Price and Rebecca C Polak. View Insider Buying and Selling for KAR Auction Services.
Which major investors are buying KAR Auction Services stock?
KAR stock was bought by a variety of institutional investors in the last quarter, including Summit Trail Advisors LLC, Mawer Investment Management Ltd., BNP Paribas Arbitrage SA, Cardinal Capital Management LLC CT, Pagoda Asset Management LP, Thompson Siegel & Walmsley LLC, Wells Fargo & Company MN and Schroder Investment Management Group. Company insiders that have bought KAR Auction Services stock in the last two years include David Wallace Brace and Mark E Hill. View Insider Buying and Selling for KAR Auction Services.
How do I buy shares of KAR Auction Services?
Shares of KAR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is KAR Auction Services' stock price today?
One share of KAR stock can currently be purchased for approximately $55.16.
How big of a company is KAR Auction Services?
KAR Auction Services has a market capitalization of $7.44 billion and generates $3.46 billion in revenue each year. The specialty retailer earns $362 million in net income (profit) each year or $2.50 on an earnings per share basis. KAR Auction Services employs 17,500 workers across the globe.
How can I contact KAR Auction Services?
KAR Auction Services' mailing address is 13085 HAMILTON CROSSING BOULEVARD, CARMEL IN, 46032. The specialty retailer can be reached via phone at 800-923-3725 or via email at [email protected]
MarketBeat Community Rating for KAR Auction Services (KAR)
MarketBeat's community ratings are surveys of what our community members think about KAR Auction Services and other stocks. Vote "Outperform" if you believe KAR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe KAR will underperform the S&P 500 over the long term. You may vote once every thirty days.
