Traders purchased 3,846 call options on the company. This is an increase of approximately 5,474% compared to the typical daily volume of 69 call options.
KAR traded down $0.02 during trading recently, hitting $21.60. The company’s stock had a trading volume of 882,489 shares, compared to its average volume of 1,694,781. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $2.78 billion, a PE ratio of 7.30, a P/E/G ratio of 1.31 and a beta of 0.96. The business’s 50 day simple moving average is $21.58 and its 200-day simple moving average is $27.77. KAR Auction Services has a fifty-two week low of $16.41 and a fifty-two week high of $28.61.
KAR Auction Services last announced its quarterly earnings data on November 5th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). KAR Auction Services had a return on equity of 16.67% and a net margin of 6.95%. The firm had revenue of $701.90 million during the quarter, compared to analysts’ expectations of $697.46 million. During the same quarter in the previous year, the business earned $0.70 earnings per share. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. Analysts expect that KAR Auction Services will post 1.14 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on January 3rd. Stockholders of record on December 20th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Thursday, December 19th. KAR Auction Services’s payout ratio is 25.68%.
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