River Road Asset Management LLC lessened its position in KAR Auction Services Inc (NYSE:KAR) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,241,553 shares of the specialty retailer’s stock after selling 26,175 shares during the quarter. KAR Auction Services comprises 1.2% of River Road Asset Management LLC’s holdings, making the stock its 29th largest position. River Road Asset Management LLC’s holdings in KAR Auction Services were worth $62,711,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Trust N.A. lifted its position in shares of KAR Auction Services by 29.0% in the third quarter. Raymond James Trust N.A. now owns 9,705 shares of the specialty retailer’s stock valued at $463,000 after acquiring an additional 2,179 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of KAR Auction Services by 105.6% in the second quarter. PNC Financial Services Group Inc. now owns 4,063 shares of the specialty retailer’s stock valued at $171,000 after acquiring an additional 2,087 shares in the last quarter. Boston Partners lifted its position in KAR Auction Services by 15.4% during the third quarter. Boston Partners now owns 640,752 shares of the specialty retailer’s stock worth $30,589,000 after buying an additional 85,676 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in KAR Auction Services by 88.9% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,477 shares of the specialty retailer’s stock worth $262,000 after buying an additional 2,577 shares in the last quarter. Finally, K.J. Harrison & Partners Inc lifted its position in KAR Auction Services by 3.9% during the third quarter. K.J. Harrison & Partners Inc now owns 72,700 shares of the specialty retailer’s stock worth $3,471,000 after buying an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

In other KAR Auction Services news, EVP Lisa A. Price sold 6,563 shares of KAR Auction Services stock in a transaction on Friday, January 19th. The stock was sold at an average price of $54.05, for a total value of $354,730.15. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Donald S. Gottwald sold 10,000 shares of KAR Auction Services stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $48.14, for a total value of $481,400.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,563 shares of company stock worth $1,929,930. 1.30% of the stock is currently owned by company insiders.

KAR Auction Services Inc (KAR) opened at $50.81 on Thursday. KAR Auction Services Inc has a 1 year low of $40.27 and a 1 year high of $55.19. The company has a market capitalization of $6,903.92, a P/E ratio of 22.29, a P/E/G ratio of 1.77 and a beta of 1.10. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.35 and a current ratio of 1.35.

KAR has been the topic of a number of analyst reports. Zacks Investment Research downgraded KAR Auction Services from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. JPMorgan Chase & Co. lifted their price objective on KAR Auction Services from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. Gabelli downgraded KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 price objective on the stock. in a research report on Thursday, November 2nd. Finally, Stephens set a $57.00 price objective on KAR Auction Services and gave the stock a “hold” rating in a research report on Wednesday, January 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. KAR Auction Services presently has an average rating of “Buy” and a consensus target price of $54.40.

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KAR Auction Services Company Profile

KAR Auction Services, Inc is a provider of whole car auction services in North America, and salvage auction services in North America and the United Kingdom. The Company operates through three segments: ADESA, Inc (ADESA Auctions or ADESA), Insurance Auto Auctions, Inc (IAA) and Automotive Finance Corporation (AFC).

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

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