RWC Asset Management LLP boosted its stake in shares of KAR Auction Services Inc (NYSE:KAR) by 1.4% in the 4th quarter, HoldingsChannel reports. The fund owned 225,000 shares of the specialty retailer’s stock after purchasing an additional 3,000 shares during the quarter. RWC Asset Management LLP’s holdings in KAR Auction Services were worth $11,365,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bessemer Group Inc. raised its stake in KAR Auction Services by 2.9% during the third quarter. Bessemer Group Inc. now owns 3,207,071 shares of the specialty retailer’s stock worth $153,105,000 after acquiring an additional 91,373 shares in the last quarter. Schroder Investment Management Group raised its stake in KAR Auction Services by 11.1% during the third quarter. Schroder Investment Management Group now owns 3,033,008 shares of the specialty retailer’s stock worth $142,612,000 after acquiring an additional 302,029 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in KAR Auction Services by 3.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,641,292 shares of the specialty retailer’s stock worth $133,412,000 after acquiring an additional 76,299 shares in the last quarter. JPMorgan Chase & Co. raised its stake in KAR Auction Services by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 2,147,425 shares of the specialty retailer’s stock worth $100,972,000 after acquiring an additional 30,299 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in KAR Auction Services by 4.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,991,860 shares of the specialty retailer’s stock worth $100,609,000 after acquiring an additional 79,994 shares in the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Several research analysts have issued reports on KAR shares. Zacks Investment Research upgraded KAR Auction Services from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Wednesday, November 1st. Stephens set a $57.00 target price on KAR Auction Services and gave the company a “hold” rating in a research note on Wednesday, January 17th. Gabelli lowered KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 target price for the company. in a research note on Thursday, November 2nd. Finally, JPMorgan Chase & Co. raised their target price on KAR Auction Services from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $54.40.

KAR Auction Services Inc (KAR) opened at $49.51 on Monday. The stock has a market capitalization of $6,696.96, a PE ratio of 21.62, a P/E/G ratio of 1.69 and a beta of 1.10. KAR Auction Services Inc has a 1-year low of $40.27 and a 1-year high of $55.19. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.90.

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

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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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