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NYSE:KARKAR Auction Services Stock Price, Forecast & News

$12.52
-0.30 (-2.34 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$12.22
Now: $12.52
$13.02
50-Day Range
$9.50
MA: $12.85
$15.58
52-Week Range
$9.41
Now: $12.52
$28.61
Volume1.40 million shs
Average Volume2.37 million shs
Market Capitalization$1.62 billion
P/E Ratio14.73
Dividend Yield6.07%
Beta1.43
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. As of December 31, 2018, this segment had a network of 75 whole car auction facilities in North America. The IAA segment offers loss claim solutions and salvage vehicle auction services that facilitate the remarketing of vehicles for a range of sellers, including insurance companies, used-vehicle dealers, rental car and fleet lease companies, auto lenders, and charitable organizations through online auctions and salvage vehicle auction sites. This segment also provides catastrophe, vehicle inspection center, and transportation and towing services. As of December 31, 2018, this segment had a network of 179 salvage auction sites in North America. It also operates 14 locations in the United Kingdom. The AFC segment offers floorplan financing, a short-term inventory-secured financing, to independent used vehicle dealers. KAR Auction Services, Inc. also provides wheel repair and hail catastrophe response services. 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 2.9Dividend Strength: 4.2Insider Behavior: 3.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.48 out of 5 stars


Industry, Sector and Symbol

Industry Automotive dealers & gasoline service stations
Sub-IndustryDiversified Support Services
SectorRetail/Wholesale
CUSIP48238T10
Phone800-923-3725

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.78 billion
Cash Flow$2.64 per share
Book Value$12.81 per share

Profitability

Net Income$188.50 million

Miscellaneous

Employees15,300
Market Cap$1.62 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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KAR Auction Services (NYSE:KAR) Frequently Asked Questions

How has KAR Auction Services' stock been impacted by COVID-19 (Coronavirus)?

KAR Auction Services' stock was trading at $18.34 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, KAR shares have decreased by 31.7% and is now trading at $12.52. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of KAR Auction Services?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for KAR Auction Services in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for KAR Auction Services.

When is KAR Auction Services' next earnings date?

KAR Auction Services is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for KAR Auction Services.

How were KAR Auction Services' earnings last quarter?

KAR Auction Services Inc (NYSE:KAR) released its earnings results on Thursday, May, 7th. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.16 by $0.07. The specialty retailer earned $645.50 million during the quarter, compared to analyst estimates of $632.59 million. KAR Auction Services had a return on equity of 7.42% and a net margin of 4.15%. The company's revenue was down 38.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.70 EPS. View KAR Auction Services' earnings history.

How often does KAR Auction Services pay dividends? What is the dividend yield for KAR Auction Services?

KAR Auction Services announced a quarterly dividend on Tuesday, February 18th. Shareholders of record on Friday, March 20th will be paid a dividend of $0.19 per share on Friday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date is Thursday, March 19th. View KAR Auction Services' dividend history.

What price target have analysts set for KAR?

9 brokerages have issued 12-month target prices for KAR Auction Services' shares. Their forecasts range from $13.00 to $25.00. On average, they expect KAR Auction Services' stock price to reach $19.33 in the next year. This suggests a possible upside of 54.4% from the stock's current price. View analysts' price targets for KAR Auction Services.

Has KAR Auction Services been receiving favorable news coverage?

Media coverage about KAR stock has been trending somewhat positive on Monday, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. KAR Auction Services earned a daily sentiment score of 0.8 on InfoTrie's scale. They also assigned headlines about the specialty retailer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutKAR Auction Services.

Are investors shorting KAR Auction Services?

KAR Auction Services saw a decline in short interest in May. As of May 15th, there was short interest totaling 6,820,000 shares, a decline of 7.5% from the April 30th total of 7,370,000 shares. Based on an average daily volume of 2,580,000 shares, the short-interest ratio is currently 2.6 days. Approximately 5.3% of the company's shares are short sold. View KAR Auction Services' Current Options Chain.

Who are some of KAR Auction Services' key competitors?

What other stocks do shareholders of KAR Auction Services own?

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

Who are KAR Auction Services' key executives?

KAR Auction Services' management team includes the following people:
  • Mr. James P. Hallett, Chairman & CEO (Age 66)
  • Mr. Eric M. Loughmiller, Exec. VP & CFO (Age 59)
  • Ms. Rebecca C. Polak, Chief Legal Officer & Sec. and Pres of TradeRev (Age 48)
  • Mr. Donald S. Gottwald, Chief Strategy Officer and Pres of Digital, Data & Mobility Solutions (Age 52)
  • Mr. John W. Kett, CEO & Pres of Insurance Auto Auctions (Age 55)

What is KAR Auction Services' stock symbol?

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

Who are KAR Auction Services' major shareholders?

KAR Auction Services' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.23%), Wellington Management Group LLP (8.62%), Schroder Investment Management Group (2.97%), State Street Corp (2.48%), Janus Henderson Group PLC (2.38%) and JPMorgan Chase & Co. (2.18%). Company insiders that own KAR Auction Services stock include Benjamin Skuy, Charles S Coleman, David Didomenico, Donald S Gottwald, Eric M Loughmiller, 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.

Which institutional investors are selling KAR Auction Services stock?

KAR stock was sold by a variety of institutional investors in the last quarter, including First Manhattan Co., BlackRock Inc., Bessemer Group Inc., State of Michigan Retirement System, Mawer Investment Management Ltd., AQR Capital Management LLC, Janus Henderson Group PLC, and Raymond James & Associates. View insider buying and selling activity for KAR Auction Services.

Which institutional investors are buying KAR Auction Services stock?

KAR stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Alta Capital Management LLC, Federated Hermes Inc., Boston Financial Mangement LLC, Russell Investments Group Ltd., Peregrine Capital Management LLC, Ensign Peak Advisors Inc, and GW&K Investment Management LLC. Company insiders that have bought KAR Auction Services stock in the last two years include Benjamin Skuy, Charles S Coleman, David Didomenico, Eric M Loughmiller, James P Hallett, and Mark E Hill. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is KAR Auction Services' stock price today?

One share of KAR stock can currently be purchased for approximately $12.52.

How big of a company is KAR Auction Services?

KAR Auction Services has a market capitalization of $1.62 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.

What is KAR Auction Services' official website?

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

How can I contact KAR Auction Services?

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]

This page was last updated on 5/25/2020 by MarketBeat.com Staff

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