KAR - KAR Auction Services, Inc.

NYSE - NYSE Delayed Price. Currency in USD
56.49
+0.49 (+0.88%)
At close: 4:02PM EDT
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Trade prices are not sourced from all markets
Previous Close56.00
Open56.19
Bid56.58 x 1300
Ask56.59 x 800
Day's Range56.15 - 56.82
52 Week Range43.32 - 64.55
Volume1,223,059
Avg. Volume1,668,920
Market Cap7.529B
Beta (3Y Monthly)1.10
PE Ratio (TTM)24.14
EPS (TTM)2.34
Earnings DateAug 5, 2019 - Aug 9, 2019
Forward Dividend & Yield1.40 (2.48%)
Ex-Dividend Date2019-05-31
1y Target Est63.83
  • Starboard's Jeff Smith announces new $7 billion stake in KAR Auction Services
    CNBC Videoslast month

    Starboard's Jeff Smith announces new $7 billion stake in KAR Auction Services

    Jeff Smith, Starboard Value CEO, discusses his new stake in KAR Auction Services, Inc. in an exclusive interview with CNBC's David Faber.

  • Moody's23 hours ago

    KAR Auction Services, Inc -- Moody's confirms KAR Auction Services, Inc.'s ratings after the separation of IAA; outlook is stable

    Moody's Investors Service ("Moody's") confirmed KAR Auction Services, Inc. ("KAR") credit ratings, including the B1 Corporate Family Rating ("CFR") and B1-PD Probability of Default Rating, the Ba2 senior secured rating and the B3 senior unsecured rating. Moody's also affirmed the SGL-1 Speculative Grade Liquidity rating.

  • Mario Cibelli Picks Up 3 Stocks in 1st Quarter
    GuruFocus.com2 days ago

    Mario Cibelli Picks Up 3 Stocks in 1st Quarter

    Activist guru buys Booking Holdings, KAR Auction Services and Eventbrite

  • IAA Announces Pricing and Upsizing of Senior Notes Offering
    PR Newswire3 days ago

    IAA Announces Pricing and Upsizing of Senior Notes Offering

    CARMEL, Ind., May 22, 2019 /PRNewswire/ -- IAA Spinco Inc. (to be renamed IAA, Inc.) ("IAA") announced today that it has priced its previously announced offering of 5.500% senior notes due 2027 (the "notes"), in connection with the previously announced spin-off of IAA from KAR Auction Services, Inc. (KAR) ("KAR"). IAA intends to use the net proceeds from the notes offering, together with expected borrowings of $800 million under senior secured credit facilities into which IAA anticipates entering into, to pay a special dividend to KAR and to pay fees and expenses related to the spin-off. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), any state securities laws or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

  • Recovery Database Network Launches Industry-First All-in-One Solution for Tracking Repossession Status
    PR Newswire4 days ago

    Recovery Database Network Launches Industry-First All-in-One Solution for Tracking Repossession Status

    "On-Hook Status" Feature Integrates RDN with Clearplan to Provide Lenders with Instantaneous Notifications CARMEL, Ind. , May 21, 2019 /PRNewswire/ -- Recovery Database Network (RDN), a business ...

  • Moody's5 days ago

    IAA Spinco Inc. -- Moody's assigns B2 to IAA Spinco Inc.'s new senior unsecured notes, affirms Ba3 Corporate Family Rating and Ba2 senior secured rating; outlook is stable

    Moody's Investors Service ("Moody's") affirmed IAA Spinco Inc.'s ("IAA") Ba3 Corporate Family Rating, Ba3-PD Probability of Default Rating and Ba2 senior secured rating. Moody's also assigned a B2 rating to the company's proposed $400 million 8-year senior unsecured notes.

  • IAA Announces Proposed Senior Notes Offering
    PR Newswire5 days ago

    IAA Announces Proposed Senior Notes Offering

    CARMEL, Ind., May 20, 2019 /PRNewswire/ -- IAA Spinco Inc. (to be renamed IAA, Inc.) ("IAA") announced today that it plans to offer, subject to market conditions, $400 million aggregate principal amount of senior notes due 2027 (the "notes"), in connection with the previously announced spin-off of IAA from KAR Auction Services, Inc. (KAR) ("KAR"). IAA intends to use the net proceeds from the notes offering, together with borrowings under senior secured credit facilities into which IAA anticipates entering into, to pay a special dividend to KAR and to pay fees and expenses related to the spin-off. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), any state securities laws or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

  • Thomson Reuters StreetEvents9 days ago

    Edited Transcript of KAR earnings conference call or presentation 8-May-19 3:00pm GMT

    Q1 2019 KAR Auction Services Inc Earnings Call

  • OPENLANE® Celebrates Two Decades of Pioneering Upstream Remarketing
    PR Newswire11 days ago

    OPENLANE® Celebrates Two Decades of Pioneering Upstream Remarketing

    CARMEL, Ind., May 14, 2019 /PRNewswire/ -- KAR Auction Services, Inc., announces the 20-year anniversary of OPENLANE®, the world's largest, most trusted and most utilized upstream remarketing platform for OEM, captive finance, financial institution and fleet customers. OPENLANE provides data analytics and comprehensive technology solutions for more than 40 upstream marketplaces supporting 80 percent of North America's private label brands. OPENLANE was acquired by KAR Auction Services (KAR) in 2011, and over the last 12 months, has facilitated the sale of more than one million vehicles on behalf of its customers.

  • Should KAR Auction Services, Inc. (NYSE:KAR) Be Part Of Your Dividend Portfolio?
    Simply Wall St.12 days ago

    Should KAR Auction Services, Inc. (NYSE:KAR) Be Part Of Your Dividend Portfolio?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...

  • Moody's15 days ago

    IAA Spinco Inc. -- Moody's assigns Ba3 to IAA Spinco Inc.; outlook is stable

    Ratings assigned to $1.1 billion of senior secured debt as part of the company's tax free spin-off from KAR Auction Services, Inc. New York, May 10, 2019 -- Moody's Investors Service ("Moody's") assigned IAA Spinco Inc. ("IAA") a Ba3 Corporate Family Rating and a Ba3-PD Probability of Default Rating. The company also intends to issue approximately $400 million of other unsecured debt, which is unrated at this point.

  • KAR Auction Services, Inc (KAR) Q1 2019 Earnings Call Transcript
    Motley Fool17 days ago

    KAR Auction Services, Inc (KAR) Q1 2019 Earnings Call Transcript

    KAR earnings call for the period ending March 31, 2019.

  • KAR Auction Services (KAR) Misses Q1 Earnings Estimates
    Zacks18 days ago

    KAR Auction Services (KAR) Misses Q1 Earnings Estimates

    KAR Auction Services (KAR) delivered earnings and revenue surprises of -9.09% and 3.27%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Press18 days ago

    KAR Auction Services: 1Q Earnings Snapshot

    The Carmel, Indiana-based company said it had net income of 58 cents per share. Earnings, adjusted for one-time gains and costs, were 70 cents per share. The results did not meet Wall Street expectations. ...

  • KAR Auction Services, Inc. Reports First Quarter 2019 Financial Results
    PR Newswire18 days ago

    KAR Auction Services, Inc. Reports First Quarter 2019 Financial Results

    KAR Announces Dividend of $0.35 per Common Share CARMEL, Ind. , May 7, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its first quarter financial results for the period ended ...

  • Markit18 days ago

    See what the IHS Markit Score report has to say about KAR Auction Services Inc.

    KAR Auction Services Inc NYSE:KARView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for KAR with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting KAR. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold KAR had net inflows of $2.79 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Analysts Estimate KAR Auction Services (KAR) to Report a Decline in Earnings: What to Look Out for
    Zacks25 days ago

    Analysts Estimate KAR Auction Services (KAR) to Report a Decline in Earnings: What to Look Out for

    KAR Auction Services (KAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • KAR Auction Services, Inc. to Announce First Quarter 2019 Earnings
    PR Newswirelast month

    KAR Auction Services, Inc. to Announce First Quarter 2019 Earnings

    CARMEL, Ind. , April 23, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) announced today that it will be releasing its first quarter 2019 earnings on Tuesday, May 7 , 2019.  KAR Auction Services, ...

  • Here’s What Hedge Funds Think About KAR Auction Services Inc (KAR)
    Insider Monkeylast month

    Here’s What Hedge Funds Think About KAR Auction Services Inc (KAR)

    Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]

  • KAR Announces 2019 Jefferson Awards Recipient
    PR Newswirelast month

    KAR Announces 2019 Jefferson Awards Recipient

    Honoree's Initiative Has Impacted Hundreds of Military Children CARMEL, Ind. , April 18, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions ...

  • Barrons.comlast month

    Activist Investing Is Alive and Well. Here’s a Look at Some Fresh Ideas.

    Activists gathered at the tony Plaza Hotel to talk about shareholder activism. Here are some fresh ideas from some of the biggest names.

  • TheStreet.comlast month

    Auto Auction House KAR Climbs After Starboard Reveals Stake

    Starboard believes value lies in the company's planned spinoff of its Insurance Auto Auctions business.

  • Starboard takes new position in KAR Auction Services
    Reuterslast month

    Starboard takes new position in KAR Auction Services

    Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm's founder Jeffrey Smith said at a conference on Tuesday. "We believe KAR is a tremendous opportunity," Smith said, adding that he thinks there is plenty of room for margin improvement and expects that portions of the business can be spun off in the near term. Last year, KAR said it would spin out a salvaging business, allowing Starboard's investment to focus on the company's used car auctions.

  • ADESA Enhances Speed and Ease of Auction Experience with Launch of ADESA Simulcast
    PR Newswirelast month

    ADESA Enhances Speed and Ease of Auction Experience with Launch of ADESA Simulcast

    Velocicast™ to Power Seamless New In-Lane, Digital and Mobile Platform CARMEL, Ind. , April 16, 2019 /PRNewswire/ -- ADESA, a business unit of global vehicle remarketing and technology solutions provider ...

  • Starboard Value's Jeff Smith announces new stake in KAR Auction Services
    CNBClast month

    Starboard Value's Jeff Smith announces new stake in KAR Auction Services

    Starboard Value CEO Jeffrey Smith announced Tuesday that the firm has a stake in automobile auction house KAR Auction Services.