Dividend Growth of KAR Auction Services, Inc(KAR)

KAR Auction Services(KAR) is having a Dividend Yield of 2.74% with the Annual cash Dividend per share of $1.19. The last quarter cash dividend per share pay out was $0.32. KAR Auction Services has a 5 year average dividend yield of 2.51% and the stock has a Indicated annual dividend of $1.28. KAR Auction Services(KAR) formally announced its most recent dividend on November 4, 2016 with a Dividend per share of $0.32. The new indicated annual dividend based on announced dividend per share is $1.28. The dividend yield based on the forward looking indicated annual dividend is 2.74%. KAR Auction Services(KAR) has the most recent dividend payout ratio of 0.58 with a 5-year average payout ratio of 0.68. The 5 year historical dividend growth of KAR Auction Services(KAR) is at the rate of 13.09% while the R-Squared dividend growth is 0.84. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

KAR Auction Services, Inc (NYSE:KAR) witnessed a decline in the market cap on Thursday as its shares dropped 0.41% or 0.19 points. After the session commenced at $46.55, the stock reached the higher end at $46.7551 while it hit a low of $46.17. With the volume soaring to 962,205 shares, the last trade was called at $46.51. The company has a 52-week high of $47.03. The company has a market cap of $6,426 million and there are 138,162,230 shares in outstanding. The 52-week low of the share price is $32.17. Shares of KAR Auction Services, Inc. rose by 1.95% in the last five trading days and 1.44% for the last 4 weeks. KAR Auction Services, Inc. is up 16.68% in the last 3-month period. Year-to-Date the stock performance stands at 9.13%.

Currently the company Insiders own 1.3% of KAR Auction Services, Inc shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of 88.89%. Company has reported several Insider transactions to the SEC, on Feb 15, 2017, Lisa A. Price (EVP of Human Resources) sold 3,280 shares at 46.00 per share price.On Dec 5, 2016, Kelly Peter (CTO & Pres of Digital Srvs Grp) sold 15,000 shares at 42.19 per share price.On Nov 10, 2016, Donald S. Gottwald (Chief Operating Officer) sold 18,125 shares at 38.51 per share price.

KAR Auction Services Inc Last issued its quarterly earnings results on Nov 3, 2016. The company reported $0.50 EPS for the quarter, missing the analyst consensus estimate by $ -0.03. Analyst had a consensus of $0.53. The company had revenue of $773.80 million for the quarter, compared to analysts expectations of $768.59 million. The companys revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

KAR Auction Services, Inc., through its subsidiaries, operates as a used vehicle and salvage auto auction company in North America. The company operates in three segments: ADESA, IAAI, and AFC. The ADESA segment provides whole car auctions and related services to commercial fleet operators, financial institutions, rental car companies, used vehicle dealers, vehicle manufacturers and their captive finance companies, and franchised and independent used vehicle dealers. This segment also provides value-added ancillary services, such as inspections, storage, transportation, reconditioning and titling, and other administrative services. The IAAI segment offers salvage vehicle auctions and related services. The AFC segment offers short-term and inventory-secured financing, known as floorplan financing, to independent used vehicle dealers. KAR Auction Services, Inc. is headquartered in Carmel, Indiana.


Share this post

Post Comment