Favorable News Coverage Somewhat Unlikely to Affect KAR Auction Services (KAR) Stock Price

Media headlines about KAR Auction Services (NYSE:KAR) have trended positive on Thursday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. KAR Auction Services earned a media sentiment score of 0.35 on Accern’s scale. Accern also assigned media coverage about the specialty retailer an impact score of 46.9533670381259 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Several research analysts have recently issued reports on KAR shares. Zacks Investment Research upgraded KAR Auction Services from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Wednesday, November 8th. Jefferies Group reaffirmed a “buy” rating and set a $50.00 target price on shares of KAR Auction Services in a report on Tuesday, September 12th. Stephens lowered KAR Auction Services from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $51.00 to $48.00 in a report on Thursday, September 7th. Gabelli lowered KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 target price on the stock. in a report on Thursday, November 2nd. Finally, J P Morgan Chase & Co raised their target price on KAR Auction Services from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $52.20.

KAR Auction Services (KAR) traded down $0.40 during trading on Thursday, reaching $50.33. The company had a trading volume of 648,812 shares, compared to its average volume of 997,884. The firm has a market capitalization of $6,810.00, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 1.61 and a beta of 1.07. KAR Auction Services has a 12-month low of $40.27 and a 12-month high of $51.49. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.35 and a current ratio of 1.35.

KAR Auction Services (NYSE:KAR) last posted its earnings results on Tuesday, October 31st. The specialty retailer reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. The firm had revenue of $843.00 million for the quarter, compared to analyst estimates of $846.42 million. KAR Auction Services had a return on equity of 22.37% and a net margin of 6.94%. KAR Auction Services’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. sell-side analysts anticipate that KAR Auction Services will post 2.36 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.78%. This is a positive change from KAR Auction Services’s previous quarterly dividend of $0.32. The ex-dividend date is Tuesday, December 19th. KAR Auction Services’s dividend payout ratio (DPR) is 75.29%.

In other KAR Auction Services news, EVP Lisa A. Price sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $51.18, for a total value of $511,800.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Benjamin Skuy sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $48.50, for a total value of $582,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,000 shares of company stock worth $1,575,200. 1.30% of the stock is owned by corporate insiders.

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About KAR Auction Services

KAR Auction Services, Inc is a provider of whole car auction services in North America, and salvage auction services in North America and the United Kingdom. The Company operates through three segments: ADESA, Inc (ADESA Auctions or ADESA), Insurance Auto Auctions, Inc (IAA) and Automotive Finance Corporation (AFC).

Insider Buying and Selling by Quarter for KAR Auction Services (NYSE:KAR)

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