Kar Auction Services, Inc. (KAR): Mark E Hill , director of Kar Auction Services, Inc. purchased 12,000 shares on Sep 9, 2016. The Insider buying transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $41.78 per share for a total value of $501,360.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 8, 2016, Kelly Peter (CTO & Pres of Digital Srvs Grp) sold 15,000 shares at $42.46 per share price.On Sep 6, 2016, Benjamin Skuy (EVP of International Markets) sold 10,000 shares at $42.74 per share price.Also, On Aug 31, 2016, Mark E Hill (director) purchased 800 shares at $37.80 per share price.On Aug 11, 2016, Donald S. Gottwald (Chief Operating Officer) sold 18,125 shares at $40.38 per share price.
KAR Auction Services Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in KAR Auction Services Inc which led to swings in the share price. The shares opened for trading at $41.12 and hit $42.255 on the upside , eventually ending the session at $42.07, with a gain of 1.52% or 0.63 points. The heightened volatility saw the trading volume jump to 1,603,041 shares. The 52-week high of the share price is $43.91 and the company has a market cap of $5,803 M . The 52-week low of the share price is at $31.54.
On Aug 2, 2016, KAR Auction Services Inc announced a cash dividend of $0.2900. The company’s management has announced Sep 19, 2016 as the ex-dividend date and fixed the record date on Sep 21, 2016. The payable date has been fixed on Oct 4, 2016.
Company has been under the radar of several Street Analysts.KAR Auction Services Inc is Initiated by Susquehanna to Positive. The Rating was issued on Aug 26, 2016.KAR Auction Services Inc is Downgraded by Northcoast to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 14, 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.