KAR Auction Services (NYSE:KAR – Get Rating) will announce quarterly results after the market closes on Tuesday, Nov. 1. Analysts expect KAR Auction Services to earn $0.15 per share for the quarter. Those interested in registering for the company’s conference call This can be done using this link.
KAR Auction Services (NYSE:KAR – Get Rating) posted its latest results on Tuesday, August 2. Jersey Lacking consensus estimates of $0.08 per 0.12) share, the company reported revenue of $384.20 million for the quarter. Compared to the consensus estimate of $376.47 million, KAR Auction Services posted a net profit margin of 11.64% and an average return on equity of 2.17%. Analysts expect KAR Auction Services to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
KAR auction service stock performance
KAR opens at $13.53 on Tuesday. The stock has a 50-day moving average of $13.52 and a 200-day moving average of $14.99. The company has a 0.12 debt to equity ratio, a fast 1.13 ratio, and a current ratio of 1.13. KAR Auction Services hit a 52-week low of $11.15 and its highest in $11.15. 52-week round of $22.10. The company has a market capitalization of $1.57 billion, a PE ratio of 12.89 and a beta of 1.17.
The influx and outflow of institutions
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Thrivent Financial for Lutherans’ growth in KAR Auction Services was up 21.1% during the second quarter. Special retailer, valued at $1,764,000. After buying an additional 20,773 shares last quarter, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired new shares of KAR Auction Services in Q2 for approximately $27,000, State Street Corp added. Its position in KAR Auction Services shares was up 2.0% during the second quarter. State Street Corp currently holds 4,405,042 shares in the specialty retailer, valued at $65,062,000, after buying an additional 86,181 shares during the period, Cubist Systematic. Strategies LLC increased its stake in KAR Auction Services shares by 129.8 percent in the second quarter. Cubist Systematic Strategies LLC held 64,171 shares in the specialty retailer’s shares, valued at $948,000 after the purchase. Added 36,241 shares last quarter. Finally, Natixis Advisors LP promoted in KAR Auction Services, up 89.0% in the second quarter. Natixis Advisors LP holds 21,577 shares in the exclusive retailer, valued at $319,000, after buying an additional 10,159 shares. shares during that period
Analyst upgrade and downgrade
Many brokers commented on KAR StockNews.com. Began reporting on KAR Auction Services in a report on Wednesday, Oct. 12. They assign a “hold” rating to TheStreet stock, raising KAR Auction Services from “d+” to “c-” in the research report on Thursday 11. August Three research analysts rank stocks by holding level. and another person rated the company’s buyout, according to MarketBeat.com. The company has a “hold” average rating and an average price target of $20.67.
About KAR Auction Service
KAR Auction Services, Inc, together with its affiliates It provides used car auctions and related car remarketing services for the automotive industry in the United States, Europe, Canada, Mexico and the United Kingdom. The company operates through two parts: ADESA Auctions and AFC. ADESA Auctions offers all car auctions and related services to the car remarketing industry through online auctions and auction facilities.
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