WINTON GROUP Ltd Makes New $608,000 Investment in KAR Auction Services, Inc. (NYSE:KAR)

WINTON GROUP Ltd bought a new position in KAR Auction Services, Inc. (NYSE:KARGet 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

A number of brokerages recently issued reports on KAR. JPMorgan Chase & Co. cut their price objective on KAR Auction Services from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, November 3rd. Robert W. Baird cut their price objective on KAR Auction Services from $22.00 to $18.00 in a research report on Thursday, November 3rd. StockNews.com cut KAR Auction Services from a “hold” rating to a “sell” rating in a report on Thursday, November 3rd. Finally, TheStreet upgraded KAR Auction Services from a “d+” rating to a “c-” rating in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.00.

KAR Auction Services Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding KAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KAR Auction Services, Inc. (NYSE:KARGet Rating).

Institutional Ownership by Quarter for KAR Auction Services (NYSE:KAR)

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.