37,200 Shares in KAR Auction Services Inc (NYSE:KAR) Bought by Tibra Equities Europe Ltd

Tibra Equities Europe Ltd purchased a new position in KAR Auction Services Inc (NYSE:KAR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 37,200 shares of the specialty retailer’s stock, valued at approximately $913,000.

Other large investors also recently modified their holdings of the company. Baskin Financial Services Inc. bought a new stake in KAR Auction Services during the second quarter valued at $260,000. Janus Henderson Group PLC increased its holdings in shares of KAR Auction Services by 44.5% in the 2nd quarter. Janus Henderson Group PLC now owns 3,416,468 shares of the specialty retailer’s stock valued at $85,412,000 after purchasing an additional 1,052,915 shares during the period. Clear Street Markets LLC acquired a new position in shares of KAR Auction Services in the 2nd quarter valued at about $1,366,000. Boston Financial Mangement LLC increased its holdings in KAR Auction Services by 0.8% in the second quarter. Boston Financial Mangement LLC now owns 484,611 shares of the specialty retailer’s stock worth $12,115,000 after buying an additional 4,043 shares during the last quarter. Finally, RMB Capital Management LLC acquired a new position in KAR Auction Services in the second quarter worth approximately $1,298,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

KAR has been the topic of a number of research reports. CJS Securities downgraded KAR Auction Services from an “outperform” rating to a “market perform” rating in a report on Thursday. Zacks Investment Research downgraded KAR Auction Services from a “strong-buy” rating to a “hold” rating in a report on Friday. Finally, ValuEngine upgraded KAR Auction Services from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.58.

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NYSE:KAR traded down $0.11 during mid-day trading on Friday, reaching $21.56. The stock had a trading volume of 88,198 shares, compared to its average volume of 2,191,566. The business’s 50 day moving average is $24.65 and its 200 day moving average is $36.29. KAR Auction Services Inc has a fifty-two week low of $16.41 and a fifty-two week high of $28.61. The stock has a market cap of $2.86 billion, a P/E ratio of 7.28, a PEG ratio of 1.43 and a beta of 1.06. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.14 and a quick ratio of 1.14.

KAR Auction Services (NYSE:KAR) last released its quarterly earnings data on Tuesday, November 5th. The specialty retailer reported $0.35 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $697.46 million. During the same quarter in the prior year, the company posted $0.70 EPS. The company’s quarterly revenue was up 14.6% on a year-over-year basis. Equities analysts expect that KAR Auction Services Inc will post 1.16 EPS for the current year.

The business also recently announced 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 is Thursday, December 19th. This represents a $0.76 dividend on an annualized basis and a yield of 3.53%. KAR Auction Services’s payout ratio is currently 25.68%.

KAR Auction Services 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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Institutional Ownership by Quarter for KAR Auction Services (NYSE:KAR)

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