KAR Auction Services (NYSE:KAR) Releases FY19 Earnings Guidance

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KAR Auction Services (NYSE:KAR) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.12-1.22 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.25.

A number of research firms have recently weighed in on KAR. Zacks Investment Research cut KAR Auction Services from a strong-buy rating to a hold rating in a research report on Friday. ValuEngine raised KAR Auction Services from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Finally, CJS Securities cut KAR Auction Services from an outperform rating to a market perform rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. KAR Auction Services presently has an average rating of Hold and an average target price of $33.58.

Shares of KAR opened at $21.34 on Friday. The stock has a 50-day moving average of $24.65 and a two-hundred day moving average of $36.29. KAR Auction Services has a one year low of $16.41 and a one year high of $28.61. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $2.86 billion, a P/E ratio of 7.21, a P/E/G ratio of 1.43 and a beta of 1.06.

KAR Auction Services (NYSE:KAR) last issued its quarterly earnings results on Tuesday, November 5th. The specialty retailer reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.04). KAR Auction Services had a return on equity of 16.83% and a net margin of 6.95%. The firm had revenue of $701.90 million for the quarter, compared to analyst estimates of $697.46 million. During the same period in the prior year, the firm posted $0.70 EPS. The business’s revenue was up 14.6% compared to the same quarter last year. Analysts predict that KAR Auction Services will post 1.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $0.76 dividend on an annualized basis and a yield of 3.56%. KAR Auction Services’s dividend payout ratio is currently 25.68%.

KAR Auction Services Company Profile

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.

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Earnings History and Estimates for KAR Auction Services (NYSE:KAR)

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