KAR Auction Services Target of Unusually Large Options Trading (KAR)

KAR Auction Services Inc (NYSE:KAR) saw unusually large options trading activity on Monday. Stock investors purchased 12,284 put options on the stock. This is an increase of approximately 8,612% compared to the average daily volume of 141 put options.

Several equities research analysts have recently issued reports on KAR shares. Barrington Research reissued a “buy” rating on shares of KAR Auction Services in a research report on Wednesday, February 20th. Zacks Investment Research raised shares of KAR Auction Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 16th. Robert W. Baird reissued a “buy” rating and set a $56.00 price objective on shares of KAR Auction Services in a research report on Wednesday, February 20th. Finally, SunTrust Banks lowered their price objective on shares of KAR Auction Services to $65.00 and set a “buy” rating for the company in a research report on Monday, January 7th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $63.00.

A number of institutional investors have recently added to or reduced their stakes in KAR. IFP Advisors Inc grew its position in shares of KAR Auction Services by 13.4% in the 4th quarter. IFP Advisors Inc now owns 1,683 shares of the specialty retailer’s stock valued at $79,000 after acquiring an additional 199 shares during the period. PNC Financial Services Group Inc. grew its position in shares of KAR Auction Services by 8.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,083 shares of the specialty retailer’s stock valued at $147,000 after acquiring an additional 236 shares during the period. Private Capital Group LLC grew its position in shares of KAR Auction Services by 32.8% in the 4th quarter. Private Capital Group LLC now owns 993 shares of the specialty retailer’s stock valued at $48,000 after acquiring an additional 245 shares during the period. D.A. Davidson & CO. grew its position in shares of KAR Auction Services by 4.3% in the 4th quarter. D.A. Davidson & CO. now owns 6,891 shares of the specialty retailer’s stock valued at $329,000 after acquiring an additional 282 shares during the period. Finally, Arlington Partners LLC grew its position in shares of KAR Auction Services by 70.0% in the 1st quarter. Arlington Partners LLC now owns 850 shares of the specialty retailer’s stock valued at $44,000 after acquiring an additional 350 shares during the period.

KAR Auction Services stock opened at $54.15 on Tuesday. The firm has a market capitalization of $7.14 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 1.71 and a beta of 1.11. KAR Auction Services has a 1-year low of $43.32 and a 1-year high of $64.55. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.81.

KAR Auction Services (NYSE:KAR) last released its earnings results on Tuesday, February 19th. The specialty retailer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $929.00 million during the quarter, compared to the consensus estimate of $936.37 million. KAR Auction Services had a net margin of 8.70% and a return on equity of 26.46%. On average, research analysts anticipate that KAR Auction Services will post 2.98 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 22nd were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend was Thursday, March 21st. KAR Auction Services’s dividend payout ratio (DPR) is currently 47.30%.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Stock Observer and is the sole property of of Stock Observer. If you are reading this news story on another publication, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this news story can be viewed at https://www.thestockobserver.com/2019/04/16/kar-auction-services-target-of-unusually-large-options-trading-kar.html.

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.

Featured Article: How Do Front-End Loads Impact an Investment?

Receive News & Ratings for KAR Auction Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KAR Auction Services and related companies with MarketBeat.com's FREE daily email newsletter.