What Did This CEO Just Do with Personal Shares of Kar Auction Services Inc (NYSE: KAR)?

Today, the IAA CEO & President of Kar Auction Services Inc (NYSE: KAR), John Kett, sold shares of KAR for $387.7k.

Over the last month, John Kett has reported 4 Sell trades on KAR for a total of $602.5k. This is Kett’s first Sell trade following 3 Buy transactions.

Based on Kar Auction Services Inc`s latest earnings report from June 30, the company posted quarterly revenue of $658.3M and quarterly net profit of $59.5M. In comparison, last year the company earned revenue of $585.6M and had a net profit of $50.8M. The company has a one year high of $39.87 and a one year low of $25.35. KAR’s market cap is $5.5B and the company has a P/E ratio of 26.2%.

Looking at blogger coverage of KAR, there is a 100% Bullish tendency on the stock, in relation to a 68% average bullish tendency within the Service sector.

In the last 30 days, insiders have sold $678.5k worth of KAR shares and purchased $125k worth of KAR shares. Over the last 3 months, the insider sentiment on Kar Auction Services Inc has been neutral based on 118 corporate insider transactions. This sentiment is higher than the average sector sentiment of insiders.

KAR Auction Services Inc is provider of vehicle auction services in North America. It facilitates a marketplace providing auction services for sellers of used and salvage vehicles through physical auction locations and various Internet websites.