KAR Auction Services (NYSE:KAR) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.90-3.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.99.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded KAR Auction Services from a sell rating to a hold rating in a research report on Thursday, April 25th. Barrington Research restated a buy rating and issued a $62.50 price objective on shares of KAR Auction Services in a research report on Friday, May 3rd. Finally, Robert W. Baird restated a buy rating and issued a $56.00 price objective on shares of KAR Auction Services in a research report on Wednesday, February 20th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $61.50.
Shares of KAR stock opened at $56.22 on Friday. KAR Auction Services has a 12-month low of $43.32 and a 12-month high of $64.55. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.38. The stock has a market capitalization of $7.58 billion, a PE ratio of 18.99, a PEG ratio of 2.01 and a beta of 1.14.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.40 annualized dividend and a dividend yield of 2.49%. KAR Auction Services’s dividend payout ratio (DPR) is 47.30%.
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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.
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