Kar Auction Svcs Inc (NYSE:KAR) Shareholder Cardinal Capital Management Llc Upped Its Position by $14.57 Million

May 17, 2018 - By Nadine Davis

KAR Auction Services, Inc. (NYSE:KAR) Corporate LogoBig Money Sentiment increased to 1.69 in 2017 Q4. It has change of 0.36, from 2017Q3’s 1.33. The ratio is positive due to KAR positioning: 28 sold and 77 reduced. 58 funds acquired holdings and 119 increased holdings. Investors holded 129.67 million in 2017Q3 but now own 127.57 million shares or 1.62% less. Cardinal Cap Ltd Liability Ct owns 1.64 million shs or 3.25% of their US capital. Point72 Asset Mngmt L P, Connecticut-based fund reported 145,000 shs. Incline Global reported 2.83% in KAR Auction Services, Inc. (NYSE:KAR). First Financial Bank Of Omaha holds 0.38% or 128,056 shs. Fmr Limited Liability Corp accumulated 9.05M shs. Ct Mason holds 114,199 shs or 2.03% of its capital. Pacad Ltd has 1,241 shs for 0.01% of their capital. Raymond James Na, a Florida-based fund reported 9,940 shs. Moreover, Oakworth Inc has 0.01% invested in KAR Auction Services, Inc. (NYSE:KAR) for 1,155 shs. Morgan Stanley reported 0.01% stake. Putnam Fl Invest Management owns 16,376 shs. Farmers And Merchants Invs reported 221 shs stake. Barclays Plc holds 0% or 10,656 shs. Utd Capital Finance Advisers Limited Liability Com reported 0.01% stake. Koch Industrial reported 6,825 shs.

Cardinal Capital Management Llc increased its stake by 16.46% in Kar Auction Svcs Inc (NYSE:KAR), according to 2018Q1 Securities and Exchange filling. Kar Auction Svcs Inc (NYSE:KAR) rose 4.37% while stock markets declined as Cardinal Capital Management Llc bought 269,763 shares. In 2018Q1, Cardinal Capital Management Llc held 1.91M shares of Kar Auction Svcs Inc (NYSE:KAR), priced at $103.46M, up from 1.64M last quarter. $7.27 billion is the MC of Kar Auction Svcs Inc. KAR touched $53.84 during the last trading session after $0.92 change.Currently KAR Auction Services, Inc. is uptrending after 22.53% change in last May 17, 2017. KAR has 991,287 shares volume. The stock outperformed the S&P 500 by 10.98%.

Cardinal Capital Management Llc operates about $1.96 billion and $2.69B US longs. According to a filing the fund reduced its stake in Howard Hughes Corp (NYSE:HHC) by 97,518 shares to 439,349 shares, valued at $61.13 million in 2018Q1. Cardinal Capital Management Llc cut its stake in Mgp Ingredients Inc New (NASDAQ:MGPI) and reduced Ligand Pharmaceuticals Inc (NASDAQ:LGND) position by 215,011 shares for a total of 439,335 shares.

Cardinal Capital Management Llc is a Connecticut-based institutional investor with more than $1.96 billion AUM in March, 2014. Taken from Cardinal Capital Management latest Adv, the fund reported to have 14 full and part-time employees. Among which 7 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

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

In total 8 analysts cover Kar Auction Services Inc (NYSE:KAR). “Buy” rating has 6, “Sell” are 0, while 2 are “Hold”. 75% are bullish. 9 are the (NYSE:KAR)’s analyst reports since January 16, 2018 according to StockzIntelligence Inc. On Thursday, March 1 Gabelli upgraded KAR Auction Services, Inc. (NYSE:KAR) to “Buy” rating. On Wednesday, February 28 Robert W. Baird maintained KAR Auction Services, Inc. (NYSE:KAR) with “Buy” rating. On Friday, March 2 Bank of America maintained KAR Auction Services, Inc. (NYSE:KAR) with “Buy” rating. On Wednesday, March 21 the firm has “Buy” rating given by Barrington. On Tuesday, January 16 Stephens maintained the shares of KAR in report with “Hold” rating. On Monday, March 19 the stock has “Overweight” rating by JP Morgan.

KAR Auction Services, Inc., together with its subsidiaries, provides vehicle auction services in the United States, Canada, Mexico, and the United Kingdom.The firm is worth $7.27 billion. It operates in three divisions: ADESA Auctions, IAA, and AFC.20.55 is the 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 Investors Chart

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