KAR Auction Services, Inc. (KAR) Can’t Burn Your Long Portfolio. Has Another Strong Session

KAR Auction Services, Inc. (NYSE:KAR) Logo

Investors sentiment increased to 1.35 in Q1 2019. Its up 0.42, from 0.93 in 2018Q4. It is positive, as 45 investors sold KAR Auction Services, Inc. shares while 87 reduced holdings. 66 funds opened positions while 112 raised stakes. 127.65 million shares or 0.00% more from 127.65 million shares in 2018Q4 were reported.
Leonard Green Partners L P owns 60,000 shares. Moreover, Asset has 0.01% invested in KAR Auction Services, Inc. (NYSE:KAR). Stone Ridge Asset Mngmt Limited Liability has 0.05% invested in KAR Auction Services, Inc. (NYSE:KAR). 5,075 are held by Connor Clark And Lunn Limited. Mariner Ltd stated it has 0% in KAR Auction Services, Inc. (NYSE:KAR). Wells Fargo & Mn owns 0.01% invested in KAR Auction Services, Inc. (NYSE:KAR) for 622,476 shares. 15,700 are owned by Qs Limited Liability Company. 29,883 were accumulated by Nomura Holdings. San Francisco Sentry Group (Ca), California-based fund reported 3,588 shares. Legal & General Gp Public Limited Co holds 0% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR) for 105,604 shares. Victory Capital Management Inc holds 0.03% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR) for 250,746 shares. Marathon Prtn Equity Mgmt Limited Liability holds 0.57% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR) for 25,000 shares. Quantum Cap holds 0.16% or 5,694 shares in its portfolio. Price T Rowe Assoc Inc Md owns 3.99M shares or 0.03% of their US portfolio. Retirement System Of Alabama reported 0.02% in KAR Auction Services, Inc. (NYSE:KAR).

The stock of KAR Auction Services, Inc. (NYSE:KAR) is a huge mover today! The stock increased 1.48% or $0.37 during the last trading session, reaching $25.29. About 3.05 million shares traded. KAR Auction Services, Inc. (NYSE:KAR) has risen 20.97% since August 14, 2018 and is uptrending. It has outperformed by 20.97% the S&P500.
The move comes after 6 months positive chart setup for the $3.38B company. It was reported on Aug, 14 by Barchart.com. We have $27.06 PT which if reached, will make NYSE:KAR worth $236.32M more.

KAR Auction Services, Inc. (NYSE:KAR) Ratings Coverage

Among 3 analysts covering Kar Auction Services Inc (NYSE:KAR), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Kar Auction Services Inc had 7 analyst reports since February 19, 2019 according to SRatingsIntel. SunTrust maintained KAR Auction Services, Inc. (NYSE:KAR) on Wednesday, February 20 with “Buy” rating. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, February 20. Jefferies maintained the shares of KAR in report on Wednesday, February 20 with “Buy” rating.

More notable recent KAR Auction Services, Inc. (NYSE:KAR) news were published by: Streetinsider.com which released: “After-Hours Movers 08/06: (GH) (MTCH) (SEDG) Higher; (NEWR) (ZAGG) (FTR) (more…) – StreetInsider.com” on August 06, 2019, also Prnewswire.com with their article: “KAR Announces SEC Declares IAA, Inc. Form 10 Effective – PRNewswire” published on June 14, 2019, Forbes.com published: “KAR Auctions Services To Spin Off Insurance Auto Auctions on June 28 – Forbes” on June 07, 2019. More interesting news about KAR Auction Services, Inc. (NYSE:KAR) were released by: Seekingalpha.com and their article: “KAR Auction Services: Solid Second Quarter, Spin-Off On Track For June – Seeking Alpha” published on May 21, 2019 as well as Finance.Yahoo.com‘s news article titled: “What We Think Of KAR Auction Services, Inc.’s (NYSE:KAR) Investment Potential – Yahoo Finance” with publication date: July 26, 2019.

KAR Auction Services, Inc., together with its subsidiaries, provides vehicle auction services in the United States, Canada, Mexico, and the United Kingdom. The company has market cap of $3.38 billion. It operates in three divisions: ADESA Auctions, IAA, and AFC. It has a 12.24 P/E ratio. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.

KAR Auction Services, Inc. (NYSE:KAR) Institutional Positions Chart

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