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

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$55.98 -0.53 (-0.94 %)
(As of 04/22/2019 04:00 PM ET)
Previous Close$56.51
Today's Range$55.85 - $56.45
52-Week Range$43.32 - $64.55
Volume1.21 million shs
Average Volume1.65 million shs
Market Capitalization$7.44 billion
P/E Ratio18.88
Dividend Yield2.48%
Beta1.11
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$5.0206 per share
Book Value$10.88 per share

Profitability

Net Income$328 million

Miscellaneous

Employees18,400
Market Cap$7.44 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 given a dividend of $0.35 per share on Thursday, April 4th. This represents a $1.40 annualized dividend and a dividend yield of 2.50%. 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) issued its quarterly earnings data on Tuesday, February, 19th. The specialty retailer reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. The specialty retailer had revenue of $929 million for 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 issued an update on its FY19 earnings guidance on Tuesday, February, 19th. The company provided EPS guidance of $2.90-3.09 for the period, compared to the Thomson Reuters consensus EPS 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?

5 brokerages have issued 1-year target prices for KAR Auction Services' shares. Their predictions range from $56.00 to $70.00. On average, they anticipate KAR Auction Services' stock price to reach $62.75 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price. View Analyst Price Targets for KAR Auction Services.

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

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.

Has KAR Auction Services been receiving favorable news coverage?

Media stories about KAR stock have been trending somewhat positive this week, InfoTrie reports. The research firm scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. KAR Auction Services earned a news sentiment score of 1.7 on InfoTrie's scale. They also assigned media headlines about the specialty retailer a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an effect 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 NVIDIA (NVDA), Home Depot (HD), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Alibaba Group (BABA), Raytheon (RTN), Thermo Fisher Scientific (TMO), Starbucks (SBUX), Boeing (BA) and CVS Health (CVS).

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 First Manhattan Co. (2.45%), Reinhart Partners Inc. (0.41%), Clarkston Capital Partners LLC (0.41%), Peregrine Capital Management LLC (0.34%), Kirr Marbach & Co. LLC IN (0.12%) and Handelsinvest Investeringsforvaltning (0.09%). 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 major investors are selling KAR Auction Services stock?

KAR stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, First Hawaiian Bank, Peregrine Capital Management LLC, Strs Ohio, Meeder Asset Management Inc., State of Alaska Department of Revenue, Flagship Harbor Advisors LLC and Oakbrook Investments 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 major investors are buying KAR Auction Services stock?

KAR stock was bought by a variety of institutional investors in the last quarter, including First Manhattan Co., Clarkston Capital Partners LLC, Reinhart Partners Inc., CWM LLC, Chartwell Investment Partners LLC, W.E. Donoghue & Co. LLC, Mercer Global Advisors Inc. ADV and Retirement Systems of Alabama. 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 $55.98.

How big of a company is KAR Auction Services?

KAR Auction Services has a market capitalization of $7.44 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:  436 (Vote Outperform)
Underperform Votes:  336 (Vote Underperform)
Total Votes:  772
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 4/22/2019 by MarketBeat.com Staff

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