Kar Auction Services, Inc. (KAR) Files Form 4 Insider Selling : Thomas J. Caruso Sells 48,860 Shares

Kar Auction Services, Inc. (KAR): Thomas J. Caruso , Chief Client Officer of Kar Auction Services, Inc. sold 48,860 shares on Jun 29, 2016. The Insider selling transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were sold at $41.14 per share for a total value of $2,009,900.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 16, 2016, Warren W Byrd (EVP of Corp Dev & Real Estate) sold 27,978 shares at $40.05 per share price.On Jun 10, 2016, David Vignes (EVP of Enterprise Optimization) sold 48,505 shares at $41.52 per share price.Also, On Jun 7, 2016, Kelly Peter (CTO & Pres of Digital Srvs Grp) sold 15,000 shares at $41.00 per share price.On Jun 6, 2016, John C Hammer (President and CEO of AFC) sold 32,000 shares at $40.83 per share price.

KAR Auction Services Inc: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in KAR Auction Services Inc which led to swings in the share price. The shares opened for trading at $40.22 and hit $41.37 on the upside , eventually ending the session at $41.25, with a gain of 3.72% or 1.48 points. The heightened volatility saw the trading volume jump to 11,16,159 shares. The 52-week high of the share price is $41.58 and the company has a market cap of $5,665 M . The 52-week low of the share price is at $31.54.

KAR Auction Services Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.KAR Auction Services Inc is Reiterated by Sterne Agee CRT to Buy while Lowering the Price Target of the company shares to $ 44 from a previous price target of $46 . The Rating was issued on May 2, 2016.

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.

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