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

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$49.00 +0.48 (+0.99 %)
(As of 03/26/2019 09:06 AM ET)
Previous Close$48.52
Today's Range$48.25 - $49.13
52-Week Range$43.32 - $64.55
Volume1.48 million shs
Average Volume2.06 million shs
Market Capitalization$6.51 billion
P/E Ratio16.55
Dividend Yield2.89%
Beta1.1
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.

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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$3.77 billion
Cash Flow$5.1148 per share
Book Value$10.88 per share

Profitability

Net Income$328 million

Miscellaneous

Employees18,400
Market Cap$6.51 billion
Next Earnings Date5/14/2019 (Estimated)
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 Tuesday, February 19th. Investors of record on Friday, March 22nd will be paid a dividend of $0.35 per share on Thursday, April 4th. This represents a $1.40 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Thursday, March 21st. 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, February, 19th. The specialty retailer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The specialty retailer earned $929 million during the quarter, compared to analysts' expectations of $936.37 million. KAR Auction Services had a return on equity of 26.46% and a net margin of 8.70%. View KAR Auction Services' Earnings History.

When is KAR Auction Services' next earnings date?

KAR Auction Services is scheduled to release their next quarterly earnings announcement on Tuesday, May 14th 2019. View Earnings Estimates for KAR Auction Services.

What guidance has KAR Auction Services issued on next quarter's earnings?

KAR Auction Services updated its FY19 earnings guidance on Tuesday, February, 19th. The company provided earnings per share guidance of $2.90-3.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.16. KAR Auction Services also updated its FY 2019 guidance to $2.90-3.09 EPS.

What price target have analysts set for KAR?

6 Wall Street analysts have issued 12-month price targets for KAR Auction Services' stock. Their predictions range from $56.00 to $70.00. On average, they expect KAR Auction Services' share price to reach $62.75 in the next year. This suggests a possible upside of 28.1% from the stock's current price. View Analyst Price Targets for KAR Auction Services.

What is the consensus analysts' recommendation for KAR Auction Services?

6 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for KAR Auction Services.

Has KAR Auction Services been receiving favorable news coverage?

News stories about KAR stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. KAR Auction Services earned a coverage optimism score of -1.4 on InfoTrie's scale. They also assigned press coverage about the specialty retailer a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near future.

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 NVIDIA (NVDA), Johnson & Johnson (JNJ), Home Depot (HD), Cisco Systems (CSCO), Raytheon (RTN), Boeing (BA), Thermo Fisher Scientific (TMO), Starbucks (SBUX), Alibaba Group (BABA) and Mcdonald's (MCD).

Who are KAR Auction Services' key executives?

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

Who are KAR Auction Services' major shareholders?

KAR Auction Services' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.45%), Boston Partners (4.06%), Principal Financial Group Inc. (3.18%), FMR LLC (3.15%), Mawer Investment Management Ltd. (2.69%) and D. E. Shaw & Co. Inc. (2.57%). 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, Lisa A Price 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 Gates Capital Management Inc., Frontier Capital Management Co. LLC, BlackRock Inc., Bessemer Group Inc., D. E. Shaw & Co. Inc., Lord Abbett & CO. LLC, Principal Financial Group Inc. and FMR LLC. 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 institutional investors are buying KAR Auction Services stock?

KAR stock was acquired by a variety of institutional investors in the last quarter, including Boston Partners, Norges Bank, First Manhattan Co., Nuveen Asset Management LLC, Teacher Retirement System of Texas, Steel Canyon Capital LLC, Kirr Marbach & Co. LLC IN and Canada Pension Plan Investment Board. 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 $49.00.

How big of a company is KAR Auction Services?

KAR Auction Services has a market capitalization of $6.51 billion and generates $3.77 billion in revenue each year. The specialty retailer earns $328 million in net income (profit) each year or $2.96 on an earnings per share basis. KAR Auction Services employs 18,400 workers across the globe.

What is KAR Auction Services' official website?

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

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)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  426 (Vote Outperform)
Underperform Votes:  334 (Vote Underperform)
Total Votes:  760
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.
This page was last updated on 3/26/2019 by MarketBeat.com Staff

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