KAR Auction Services Stock To Go Ex-dividend Tomorrow (KAR)

NEW YORK ( TheStreet) -- The ex-dividend date for KAR Auction Services (NYSE: KAR) is tomorrow, December 18, 2013. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $28.81 as of 9:50 a.m. ET, the dividend yield is 3.5%.

The average volume for KAR Auction Services has been 1.7 million shares per day over the past 30 days. KAR Auction Services has a market cap of $3.98 billion and is part of the services sector and specialty retail industry. Shares are up 43% year to date as of the close of trading on Monday.

KAR Auction Services, Inc., together with its subsidiaries, provides vehicle auction services in North America. It operates in three segments: ADESA Auctions, IAA, and AFC. The company has a P/E ratio of 37.3, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates KAR Auction Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full KAR Auction Services Ratings Report.

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