Today it was reported that the EVP of Intl Mrkts & Strat Init of Kar Auction Services Inc (NYSE: KAR), Benjamin Skuy, exercised options to sell 59,560 KAR shares at $13.46 a share, for a total transaction value of $3.74M.
Following Benjamin Skuy’s last KAR Sell transaction on November 24, 2017, the stock climbed by 15.8%. In addition to Benjamin Skuy, 2 other KAR executives reported Sell trades in the last month.
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Based on Kar Auction Services Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $957 million and quarterly net profit of $93.2 million. In comparison, last year the company earned revenue of $862 million and had a net profit of $57.2 million. KAR’s market cap is $8.41B and the company has a P/E ratio of 20.68. Currently, Kar Auction Services Inc has an average volume of 643.7K.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $66.80, reflecting a 4.9% upside.
The insider sentiment on Kar Auction Services Inc has been negative according to 62 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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KAR Auction Services, Inc. engages in the provision of whole car auction services in North America and salvage auction services in North America and the United Kingdom. It operates through the following segments: ADESA Auctions, Insurance Auto Auctions (IAA), and Automotive Finance Corporation (AFC).
