NYSE:KAR - KAR Auction Services Stock Price, Forecast & News

KAR Auction Services trades on the New York Stock Exchange (NYSE) under the ticker symbol "KAR."

KAR Auction Services announced a quarterly dividend on Tuesday, February 18th. Stockholders of record on Friday, March 20th will be given a dividend of $0.19 per share on Friday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend is Thursday, March 19th. View KAR Auction Services' Dividend History.

KAR Auction Services Inc (NYSE:KAR) issued its earnings results on Tuesday, February, 18th. The specialty retailer reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by $0.04. The specialty retailer had revenue of $671.30 million for the quarter, compared to the consensus estimate of $658.13 million. KAR Auction Services had a net margin of 6.00% and a return on equity of 12.57%. View KAR Auction Services' Earnings History.

KAR Auction Services is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for KAR Auction Services.

KAR Auction Services issued an update on its FY20 earnings guidance on Wednesday, February, 19th. The company provided EPS guidance of $1.28-1.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.43.

7 brokerages have issued twelve-month target prices for KAR Auction Services' stock. Their forecasts range from $20.00 to $42.50. On average, they anticipate KAR Auction Services' share price to reach $28.30 in the next twelve months. This suggests a possible upside of 46.7% from the stock's current price. View Analyst Price Targets for KAR Auction Services.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for KAR Auction Services in the last year. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for KAR Auction Services.

News stories about KAR stock have been trending extremely negative on Friday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. KAR Auction Services earned a coverage optimism score of -4.4 on InfoTrie's scale. They also gave news articles about the specialty retailer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for KAR Auction Services.

KAR Auction Services saw a decline in short interest in the month of February. As of February 14th, there was short interest totalling 15,140,000 shares, a decline of 12.8% from the January 30th total of 17,370,000 shares. Based on an average daily trading volume, of 1,950,000 shares, the days-to-cover ratio is presently 7.8 days. Currently, 11.9% of the company's stock are sold short. View KAR Auction Services' Current Options Chain.

Some companies that are related to KAR Auction Services include Cintas (CTAS), Copart (CPRT), Iron Mountain (IRM), UniFirst (UNF), Healthcare Services Group (HCSG), McGrath RentCorp (MGRC), Mobile Mini (MINI), Viad (VVI) and Performant Financial (PFMT).

Based on aggregate information from My MarketBeat watchlists, some companies that other KAR Auction Services investors own include Verizon Communications (VZ), Alibaba Group (BABA), CVS Health (CVS), Home Depot (HD), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Procter & Gamble (PG), Pfizer (PFE), AT&T (T) and NVIDIA (NVDA).

KAR Auction Services' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Boston Partners (3.76%), Janus Henderson Group PLC (2.95%), Schroder Investment Management Group (2.83%), State Street Corp (2.53%), Bank of New York Mellon Corp (1.77%) and FMR LLC (1.74%). Company insiders that own KAR Auction Services stock include Benjamin Skuy, David Didomenico, Donald S Gottwald, James E Money II, James P Hallett, Lisa A Price, Mark E Hill and Rebecca C Polak. View Institutional Ownership Trends for KAR Auction Services.

KAR stock was sold by a variety of institutional investors in the last quarter, including Maverick Capital Ltd., Mawer Investment Management Ltd., Principal Financial Group Inc., Great West Life Assurance Co. Can, Fiera Capital Corp, Bessemer Group Inc., Boston Financial Mangement LLC and Renaissance Technologies LLC. View Insider Buying and Selling for KAR Auction Services.

KAR stock was acquired by a variety of institutional investors in the last quarter, including State of Michigan Retirement System, Schroder Investment Management Group, MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd, Man Group plc, Alta Capital Management LLC, Janus Henderson Group PLC and FMR LLC. Company insiders that have bought KAR Auction Services stock in the last two years include Benjamin Skuy, David Didomenico and Mark E Hill. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of KAR stock can currently be purchased for approximately $19.29.

KAR Auction Services has a market capitalization of $2.49 billion and generates $2.78 billion in revenue each year. The specialty retailer earns $188.50 million in net income (profit) each year or $1.04 on an earnings per share basis. KAR Auction Services employs 15,300 workers across the globe.View Additional Information About KAR Auction Services.

The official website for KAR Auction Services is http://www.karauctionservices.com/.

KAR Auction Services' mailing address is 11299 N. Illinois Street, CARMEL IN, 46032. The specialty retailer can be reached via phone at 800-923-3725 or via email at [email protected]