Security National Bank lowered its position in KAR Auction Services Inc (NYSE:KAR) by 6.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,686 shares of the specialty retailer’s stock after selling 1,124 shares during the quarter. Security National Bank’s holdings in KAR Auction Services were worth $959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new position in shares of KAR Auction Services in the 4th quarter worth $103,000. SG Americas Securities LLC bought a new position in shares of KAR Auction Services in the 4th quarter worth $105,000. Cerebellum GP LLC bought a new position in shares of KAR Auction Services in the 4th quarter worth $127,000. Assetmark Inc. lifted its holdings in shares of KAR Auction Services by 336.4% in the 4th quarter. Assetmark Inc. now owns 3,116 shares of the specialty retailer’s stock worth $157,000 after purchasing an additional 2,402 shares in the last quarter. Finally, Stoneridge Investment Partners LLC bought a new position in shares of KAR Auction Services in the 4th quarter worth $207,000.

In other news, COO Donald S. Gottwald sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $54.96, for a total transaction of $549,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lisa A. Price sold 2,188 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $54.00, for a total value of $118,152.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,188 shares of company stock valued at $3,674,452. Insiders own 1.29% of the company’s stock.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered KAR Auction Services from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. Barrington Research reissued a “buy” rating on shares of KAR Auction Services in a research report on Monday, May 7th. Gabelli raised KAR Auction Services from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Bank of America increased their price target on KAR Auction Services from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, March 2nd. Finally, Robert W. Baird reissued a “buy” rating and issued a $58.00 price target on shares of KAR Auction Services in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $58.78.

KAR Auction Services opened at $53.80 on Monday, according to Marketbeat. The firm has a market capitalization of $7.26 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.28 and a beta of 1.10. KAR Auction Services Inc has a 12 month low of $40.27 and a 12 month high of $56.75. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.75.

KAR Auction Services (NYSE:KAR) last released its quarterly earnings results on Tuesday, May 8th. The specialty retailer reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The business had revenue of $950.50 million during the quarter, compared to analyst estimates of $923.66 million. KAR Auction Services had a return on equity of 24.93% and a net margin of 10.81%. KAR Auction Services’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 EPS. equities analysts expect that KAR Auction Services Inc will post 2.99 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 5th. Stockholders of record on Thursday, June 21st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Wednesday, June 20th. KAR Auction Services’s dividend payout ratio is presently 56.00%.

About KAR Auction Services

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.

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

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