Kar Auction Services, Inc. (KAR): John C Hammer , President and CEO of AFC of Kar Auction Services, Inc. sold 7,500 shares on Apr 13, 2016. The Insider selling transaction was reported by the company on Apr 14, 2016 to the Securities and Exchange Commission. The shares were sold at $39.00 per share for a total value of $292,500.00 according the SEC Form 4 Filing.
Company has been under the radar of several Street Analysts.KAR Auction Services Inc is Downgraded by Goldman to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 12, 2016.
Currently the company Insiders own 1.2% of KAR Auction Services Inc shares according to the proxy statements.
Shares of KAR Auction Services Inc (KAR) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.36 points or -0.93% at $38.2 with 8,41,477 shares getting traded. Post opening the session at $38.69, the shares hit an intraday low of $38.2 and an intraday high of $38.83 and the price vacillated in this range throughout the day. The company has a market cap of $5,235 M and the number of outstanding shares has been calculated to be 13,70,46,060 shares. The 52-week high of KAR Auction Services Inc is $39.87 and the 52-week low is $31.54.
KAR Auction Services Inc. is a provider of vehicle auction services in North America. We operate as three reportable business segments: ADESA Inc. (ADESA Auctions) Insurance Auto Auctions Inc. (IAA) and Automotive Finance Corporation (AFC). ADESA Auctions is a provider of whole car auctions and related services to the vehicle remarketing industry in North America. IAA is a provider of salvage vehicle auctions and related services. AFC is a provider of floorplan financing to independent used vehicle dealers. The Company provides auction services for sellers of used or whole car vehicles and salvage vehicles through a network of around 233 physical auction locations including 65 whole car auction locations and 168 salvage auction locations and multiple Internet venues. It also offers ancillary services including transportation reconditioning inspections marshalling titling and floorplan financing.