WINTON GROUP Ltd bought a new position in KAR Auction Services, Inc. (NYSE:KAR – Get Rating) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 41,180 shares of the specialty retailer’s stock, valued at approximately $608,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE increased its stake in shares of KAR Auction Services by 228.8% in the 2nd quarter. US Bancorp DE now owns 2,946 shares of the specialty retailer’s stock worth $44,000 after acquiring an additional 2,050 shares during the last quarter. Counterpoint Mutual Funds LLC increased its position in shares of KAR Auction Services by 133.1% during the 2nd quarter. Counterpoint Mutual Funds LLC now owns 8,599 shares of the specialty retailer’s stock worth $127,000 after purchasing an additional 4,910 shares during the last quarter. KBC Group NV acquired a new stake in shares of KAR Auction Services during the 2nd quarter worth about $158,000. Bailard Inc. acquired a new stake in shares of KAR Auction Services during the 2nd quarter worth about $173,000. Finally, Strs Ohio acquired a new stake in shares of KAR Auction Services during the 2nd quarter worth about $175,000.
KAR Auction Services Stock Performance
Shares of KAR Auction Services stock opened at $13.93 on Friday. The business has a 50-day moving average of $13.22 and a 200 day moving average of $14.66. KAR Auction Services, Inc. has a 12 month low of $11.15 and a 12 month high of $22.10. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 13.93 and a beta of 1.51. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14.
Wall Street Analyst Weigh In
KAR Auction Services Profile
KAR Auction Services, Inc, together with its subsidiaries, provides used vehicle auctions and related vehicle remarketing services for the automotive industry in the United States, Europe, Canada, Mexico, and the United Kingdom. The company operates through two segments, ADESA Auctions and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.
- Get a free copy of the StockNews.com research report on KAR Auction Services (KAR)
- MarketBeat: Week in Review 11/14 – 11/18
- Target’s Double Bottom Might Have Just Been Confirmed
- How High Can the Fed Go? How to Trade it
- Does ASML’s November Rally Have Staying Power?
- Verra Mobility Stock Has Returned Back to the Station
Receive News & Ratings for KAR Auction Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KAR Auction Services and related companies with MarketBeat.com's FREE daily email newsletter.