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

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$56.00 +0.74 (+1.34 %)
(As of 05/24/2019 06:13 AM ET)
Previous Close$55.26
Today's Range$54.81 - $55.62
52-Week Range$43.32 - $64.55
Volume1.17 million shs
Average Volume1.54 million shs
Market Capitalization$7.46 billion
P/E Ratio18.92
Dividend Yield2.53%
Beta1.14
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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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$5.1095 per share
Book Value$11.27 per share

Profitability

Net Income$328 million

Miscellaneous

Employees18,400
Market Cap$7.46 billion
Next Earnings Date8/6/2019 (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 announced a quarterly dividend on Wednesday, May 8th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.35 per share on Monday, June 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Friday, May 31st. View KAR Auction Services' Dividend History.

How were KAR Auction Services' earnings last quarter?

KAR Auction Services Inc (NYSE:KAR) issued its quarterly earnings results on Tuesday, May, 7th. The specialty retailer reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $0.77 by $0.07. The specialty retailer earned $1.05 billion during the quarter, compared to analysts' expectations of $1.01 billion. KAR Auction Services had a net margin of 8.17% and a return on equity of 25.43%. KAR Auction Services's revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 EPS. 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, August 6th 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, May, 7th. The company provided EPS guidance of $2.90-3.09 for the period, compared to the Thomson Reuters consensus estimate of $2.99.

What price target have analysts set for KAR?

5 brokerages have issued 12-month price objectives for KAR Auction Services' stock. Their predictions range from $56.00 to $65.00. On average, they anticipate KAR Auction Services' share price to reach $60.8750 in the next year. This suggests a possible upside of 8.7% from the stock's current price. View Analyst Price Targets for KAR Auction Services.

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for KAR Auction Services in the last year. There are currently 2 hold ratings and 3 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. " (5/21/2019)
  • 2. Barrington Research analysts commented, "We see ADESA’s TradeRev platform as holding substantial growth potential through offering a digital service for dealer-to-dealer trades within a total North American market opportunity of five to seven million vehicles annually." (5/3/2019)

Has KAR Auction Services been receiving favorable news coverage?

News headlines about KAR stock have trended somewhat positive recently, according to InfoTrie. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. KAR Auction Services earned a news sentiment score of 2.0 on InfoTrie's scale. They also assigned news headlines 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 stock's share price in the next several days.

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 Home Depot (HD), Johnson & Johnson (JNJ), Thermo Fisher Scientific (TMO), Cisco Systems (CSCO), NVIDIA (NVDA), Alibaba Group (BABA), Raytheon (RTN), Honeywell International (HON), Verizon Communications (VZ) and Starbucks (SBUX).

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)
  • 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)

Who are KAR Auction Services' major shareholders?

KAR Auction Services' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.05%), Boston Partners (4.29%), Wellington Management Group LLP (3.09%), Mawer Investment Management Ltd. (2.77%), FMR LLC (2.73%) and First Manhattan Co. (2.45%). Company insiders that own KAR Auction Services stock include Benjamin Skuy, 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 major investors are selling KAR Auction Services stock?

KAR stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Victory Capital Management Inc., Wells Fargo & Company MN, OppenheimerFunds Inc., Voya Investment Management LLC, Morgan Stanley, FMR LLC and Federated Investors Inc. PA. 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 BlackRock Inc., First Manhattan Co., Clarkston Capital Partners LLC, Janus Henderson Group PLC, Westwood Holdings Group Inc., Neuberger Berman Group LLC, SkyTop Capital Management LLC and Fiera Capital Corp. 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 $56.00.

How big of a company is KAR Auction Services?

KAR Auction Services has a market capitalization of $7.46 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:  448 (Vote Outperform)
Underperform Votes:  342 (Vote Underperform)
Total Votes:  790
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 5/24/2019 by MarketBeat.com Staff

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