Buys 136050 Shares of KAR Auction Services, Inc (NYSE:KAR)

Paterniano Del Favero
Agosto 14, 2017

Macquarie Group Ltd. now owns 93,829 shares of the specialty retailer's stock worth $3,999,000 after buying an additional 32,610 shares during the period.

Large investors have recently modified their holdings of the stock. Toronto Dominion Bank boosted its position in shares of KAR Auction Services by 7.2% in the first quarter. Epoch Investment Partners Inc. now owns 871,164 shares of the specialty retailer's stock worth $36,563,000 after buying an additional 20,824 shares during the last quarter. Toronto Dominion Bank now owns 2,830 shares of the specialty retailer's stock worth $124,000 after buying an additional 190 shares during the period. Finally, Visionary Asset Management Inc. purchased a new position in KAR Auction Services during the second quarter valued at about $309,000.

Trexquant Investment LP acquired a new position in KAR Auction Services, Inc (NYSE:KAR) during the second quarter, Holdings Channel reports.

KAR Auction Services (NYSE:KAR) traded up 0.50% on Wednesday, reaching $42.15. Dumont & Blake Investment Advisors LLC now owns 16,180 shares of the specialty retailer's stock valued at $679,000 after buying an additional 100 shares in the last quarter.

KAR Auction Services, Inc.is a provider of whole vehicle auction services in North America, and salvage auction services in North America and the United Kingdom. The company's stock had a trading volume of 1,284,885 shares. The firm has a 50-day moving average price of $41.64 and a 200-day moving average price of $43.44. (KAR) has the market capitalization of $5.82 Billion. KAR Auction Services has a 52 week low of $38.16 and a 52 week high of $47.03.

KAR Auction Services (NYSE:KAR) last posted its earnings results on Tuesday, August 8th. KAR Auction Services's for the quarter end, revenue was upwards of 8.8% compared with the same period in the prior year. for the same period in the prior year, firm reported $0.55 EPS. on consensus, financial stock experts expect that KAR Auction Services, to post $2.24 earnings per share for the full year. The company had revenue of $866.60 million during the quarter, compared to analysts' expectations of $848.73 million. Picton Mahoney Asset Management invested 0.72% of its portfolio in KAR Auction Services Inc (NYSE:KAR). KAR Auction Services reported sales of $771.80 million in the same quarter last year, which indicates a positive year over year growth rate of 9.5%. On average, analysts forecast that KAR Auction Services will post $2.24 earnings per share for the current year. The ex-dividend date of this dividend is Tue, Sep 19th. The dividend payment was $0.320 per share for the quarter which is $1.28 annualized. KAR Auction Services's dividend payout ratio (DPR) is presently 78.53%.

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A number of other research firms also recently weighed in on KAR. BidaskClub raised shares of KAR Auction Services from a "sell" rating to a "hold" rating in a report on Monday, July 31st. Finally, Gabelli assumed coverage on shares of KAR Auction Services in a research note on Tuesday, July 4th. Currently, the stock has a 1 Year Price Target of $50.88. BidaskClub cut shares of KAR Auction Services from a "hold" rating to a "sell" rating in a research report on Saturday, June 17th. 1 expert has recommended the share with a sell recommendation, 1 have issued a hold recommendation and four have issued a buy recommendation to the firms shares. the share has a consensus rating of "Buy" and a consensus price objective of $54.33.

In associated news, Chief Executive Officer John W. Kett unloaded 10,011 stocks of the firm's shares in a trade that took place on Tue, Aug 1st. Following the transaction, the chief executive officer now directly owns 58,941 shares in the company, valued at approximately $2,479,058.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John W. Kett sold 10,008 shares of the firm's stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $42.06, for a total transaction of $420,936.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,932 shares of company stock worth $1,276,878. The corporation operates through around three segments: ADESA, (ADESA Auctions or ADESA), Insurance Auto Auctions, (IAA) and Automotive Finance Corporation (AFC).

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