KAR Auction Services Inc (KAR) Shares Bought by Deutsche Bank AG

Deutsche Bank AG increased its holdings in KAR Auction Services Inc (NYSE:KAR) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 706,627 shares of the specialty retailer’s stock after purchasing an additional 38,804 shares during the quarter. Deutsche Bank AG owned 0.52% of KAR Auction Services worth $35,689,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KAR. BlackRock Inc. raised its holdings in shares of KAR Auction Services by 13.3% in the 4th quarter. BlackRock Inc. now owns 7,018,588 shares of the specialty retailer’s stock worth $354,508,000 after purchasing an additional 825,974 shares in the last quarter. Gates Capital Management Inc. raised its holdings in shares of KAR Auction Services by 75.2% in the 4th quarter. Gates Capital Management Inc. now owns 1,501,057 shares of the specialty retailer’s stock worth $75,818,000 after purchasing an additional 644,093 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of KAR Auction Services by 139,965.7% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 588,276 shares of the specialty retailer’s stock worth $28,084,000 after purchasing an additional 587,856 shares in the last quarter. Mawer Investment Management Ltd. raised its holdings in shares of KAR Auction Services by 72.1% in the 4th quarter. Mawer Investment Management Ltd. now owns 920,010 shares of the specialty retailer’s stock worth $46,470,000 after purchasing an additional 385,540 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of KAR Auction Services by 11.1% in the 3rd quarter. Schroder Investment Management Group now owns 3,033,008 shares of the specialty retailer’s stock worth $142,612,000 after purchasing an additional 302,029 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

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A number of research firms recently commented on KAR. Zacks Investment Research upgraded shares of KAR Auction Services from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Tuesday, March 6th. Bank of America boosted their target price on shares of KAR Auction Services from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, March 2nd. Robert W. Baird reiterated a “buy” rating and issued a $60.00 target price on shares of KAR Auction Services in a report on Thursday, March 1st. Gabelli upgraded shares of KAR Auction Services from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Barrington Research set a $55.00 target price on shares of KAR Auction Services and gave the stock a “buy” rating in a report on Sunday, February 25th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. KAR Auction Services has a consensus rating of “Buy” and an average price target of $57.13.

Shares of KAR Auction Services Inc (NYSE KAR) opened at $55.87 on Friday. KAR Auction Services Inc has a 1-year low of $40.27 and a 1-year high of $56.75. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.80. The stock has a market cap of $7,483.89, a P/E ratio of 21.16, a PEG ratio of 1.71 and a beta of 1.08.

KAR Auction Services (NYSE:KAR) last released its quarterly earnings results on Tuesday, February 20th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.10. KAR Auction Services had a net margin of 10.47% and a return on equity of 23.61%. The business had revenue of $890.40 million for the quarter, compared to analyst estimates of $882.22 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. analysts forecast that KAR Auction Services Inc will post 2.97 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Thursday, March 22nd will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.51%. KAR Auction Services’s dividend payout ratio is currently 53.03%.

In other news, EVP Lisa A. Price sold 2,188 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $54.00, for a total transaction of $118,152.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Rebecca C. Polak sold 44,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $56.20, for a total transaction of $2,472,800.00. Following the sale, the insider now owns 90,390 shares in the company, valued at approximately $5,079,918. The disclosure for this sale can be found here. Insiders have sold 62,751 shares of company stock worth $3,495,282 in the last 90 days. 1.30% of the stock is owned by company insiders.

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KAR Auction Services Profile

KAR Auction Services, Inc is a provider of whole car auction services in North America, and salvage auction services in North America and the United Kingdom. The Company operates through three segments: ADESA, Inc (ADESA Auctions or ADESA), Insurance Auto Auctions, Inc (IAA) and Automotive Finance Corporation (AFC).

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

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