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
Stock Exchange NYSE
Industry Automotive dealers & gasoline service stations
Sub-IndustryDiversified Support Services
SectorRetail/Wholesale
Current SymbolNYSE:KAR
Previous Symbol
CUSIP48238T10
Phone800-923-3725
Debt
Debt-to-Equity Ratio1.70
Current Ratio1.32
Quick Ratio1.32
Price-To-Earnings
Trailing P/E Ratio22.94
Forward P/E Ratio19.51
P/E Growth1.64
Sales & Book Value
Annual Sales$3.46 billion
Price / Sales2.23
Cash Flow$4.6325 per share
Price / Cash12.38
Book Value$11.60 per share
Price / Book4.94
Profitability
EPS (Most Recent Fiscal Year)$2.50
Net Income$362 million
Net Margins11.62%
Return on Equity26.50%
Return on Assets5.60%
Miscellaneous
Employees17,500
Outstanding Shares134,600,000
Market Cap$7.64 billion
OptionableOptionable
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 Wednesday, November 7th. Investors of record on Thursday, December 20th will be given a dividend of $0.35 per share on Friday, January 4th. This represents a $1.40 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Wednesday, December 19th. View KAR Auction Services' Dividend History.
How were KAR Auction Services' earnings last quarter?
KAR Auction Services Inc (NYSE:KAR) posted its earnings results on Tuesday, November, 6th. The specialty retailer reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $0.71 by $0.01. The specialty retailer earned $933.50 million during the quarter, compared to the consensus estimate of $910.43 million. KAR Auction Services had a return on equity of 26.50% and a net margin of 11.62%. The business's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. 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, November, 6th. The company provided EPS guidance of $2.89-3.04 for the period, compared to the Thomson Reuters consensus estimate of $2.99. KAR Auction Services also updated its FY 2018 guidance to $2.89-3.04 EPS.
What price target have analysts set for KAR?
8 Wall Street analysts have issued 12-month target prices for KAR Auction Services' stock. Their forecasts range from $60.00 to $70.00. On average, they anticipate KAR Auction Services' stock price to reach $65.50 in the next year. This suggests a possible upside of 14.2% from the stock's current price. View Analyst Price Targets for KAR Auction Services.
What is the consensus analysts' recommendation for KAR Auction Services?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for KAR Auction Services in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for KAR Auction Services.
What are Wall Street analysts saying about KAR Auction Services stock?
Here are some recent quotes from research analysts about KAR Auction Services stock:
- 1. According to Zacks Investment Research, "KAR Auction Services, Inc., through its subsidiaries, operates as a used vehicle and salvage auto auction company in North America. The company operates in three segments: ADESA, IAAI, and AFC. The ADESA segment provides whole car auctions and related services to commercial fleet operators, financial institutions, rental car companies, used vehicle dealers, vehicle manufacturers and their captive finance companies, and franchised and independent used vehicle dealers. This segment also provides value-added ancillary services, such as inspections, storage, transportation, reconditioning and titling, and other administrative services. The IAAI segment offers salvage vehicle auctions and related services. The AFC segment offers short-term and inventory-secured financing, known as floorplan financing, to independent used vehicle dealers. KAR Auction Services, Inc. is headquartered in Carmel, Indiana. " (11/16/2018)
- 2. Stephens analysts commented, "We expect revenue and EBITDA y/y growth to go positive in 3Q as the PR hurricane effects dissipate and expect an optically very strong 4Q financial result (including 20+% EBITDA growth) as the company laps the unfortunate PR hurricane issues. Post results we conservatively tweaked our ’19 and beyond capex moderately higher, updated currencies and reduced our target EBITDA multiple in our DCF from 7.5 to 7.25X and moved to YE’19 target price, which led to no change in our $26 target price. LILAK STILL FEELS LIKE THE REST OF CABLE = A ’19 STORY- LILAK is poised to see a nice acceleration in results in 2H (4Q in particular as we assume they generate +20+% EBITDA growth as they comp the worst of the hurricane effects) as they begin to fully recover from the PR hurricane issues, continued strong growth at VTR and synergies/improvements at the CWC acquisition." (8/9/2018)
- 3. Barrington Research analysts commented, "We have an OUTPERFORM rating on the shares with a $60‐65 price target range. net Company Description KAR Auction Services, Inc. engages in the provision of whole car auction services in North America and salvage auction services in United Kingdom." (8/6/2018)
Has KAR Auction Services been receiving favorable news coverage?
Media stories about KAR stock have been trending positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. KAR Auction Services earned a coverage optimism score of 2.3 on InfoTrie's scale. They also assigned news articles about the specialty retailer a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near future.
Are investors shorting KAR Auction Services?
KAR Auction Services saw a increase in short interest in the month of October. As of October 15th, there was short interest totalling 1,916,495 shares, an increase of 108.6% from the September 28th total of 918,703 shares. Based on an average trading volume of 932,460 shares, the short-interest ratio is currently 2.1 days. Currently, 1.4% of the shares of the company are short sold. View KAR Auction Services' Current Options Chain.
Who are some of KAR Auction Services' key competitors?
Some companies that are related to KAR Auction Services include CarMax (KMX), Copart (CPRT), Carvana (CVNA), Casey's General Stores (CASY), Penske Automotive Group (PAG), AutoNation (AN), Murphy USA (MUSA), Lithia Motors (LAD), Camping World (CWH), Rush Enterprises (RUSHB), Rush Enterprises (RUSHA), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), Sonic Automotive (SAH) and Fincera (YUANF).
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)
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 BlackRock Inc. (5.93%), FMR LLC (3.34%), Capital Research Global Investors (3.02%), OppenheimerFunds Inc. (2.45%), JPMorgan Chase & Co. (2.00%) and Bessemer Group Inc. (1.99%). 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, James P Hallett, John W Kett, Kelly Peter, Lisa A Price, Mark E Hill and Rebecca C Polak. 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 Frontier Capital Management Co. LLC, OppenheimerFunds Inc., FMR LLC, Schroder Investment Management Group, Wells Fargo & Company MN, Renaissance Technologies LLC, Deutsche Bank AG and Thrivent Financial for Lutherans. Company insiders that have sold KAR Auction Services company stock in the last year include Benjamin Skuy, Donald S Gottwald, James E Money II, James P Hallett, 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 purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., BlackRock Inc., Point72 Asset Management L.P., Great West Life Assurance Co. Can, Man Group plc, FIL Ltd, JPMorgan Chase & Co. and Banco de Sabadell S.A. 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 $57.35.
How big of a company is KAR Auction Services?
KAR Auction Services has a market capitalization of $7.64 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.
What is KAR Auction Services' official website?
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 (NYSE 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.
