KAR Auction Services, Inc. Reports Double Digit Growth in Revenues, Adjusted EBITDA and Adjusted Net Income for Second Quarter 2015
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Go back to KAR Auction Services, Inc. Reports Double Digit Growth in Revenues, Adjusted EBITDA and Adjusted Net Income for Second Quarter 2015
August 5, 2015 8:46 AM EDT
Sterne Agee CRT reiterated a Buy rating on Kar Auction (NYSE: KAR), and raised the price target to $50.00 (from $49.00), following 2Q15 results. Analyst Ali Faghri expects improved flow-through in 2H15 as acquisition costs and FX headwinds moderate.
Faghri commented, "KAR's 2Q15 results... More
August 3, 2015 4:19 PM EDT
Kar Auction Services (NYSE: KAR) declared a quarterly dividend of $0.27 per share, or $1.08 annualized.
The dividend will be payable on October 1, 2015, to stockholders of record on September 23, 2015, with an ex-dividend date of September 21, 2015.
The annual yield on the dividend is 2.8 percent.
The company also announced that it plans to enter into an accelerated share repurchase agreement under which the Company expects to repurchase up to $200 million of the Company's common stock on an accelerated... More
