Barclays PLC reduced its stake in shares of KAR Auction Services, Inc. (NYSE: KAR – Get Rating) by 20.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,942 shares of the specialty retailer’s stock after selling 39,814 shares during the quarter. Barclays PLC’s holdings in KAR Auction Services were worth $ 2,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in KAR. Marathon Asset Mgmt Ltd purchased a new stake in KAR Auction Services during the 4th quarter valued at approximately $ 86,357,000. BlackRock Inc. grew its holdings in KAR Auction Services by 36.8% during the 4th quarter. BlackRock Inc. now owns 20,141,635 shares of the specialty retailer’s stock valued at $ 314,613,000 after buying an additional 5,417,707 shares in the last quarter. Hawk Ridge Capital Management LP grew its holdings in KAR Auction Services by 51.9% during the 4th quarter. Hawk Ridge Capital Management LP now owns 3,992,701 shares of the specialty retailer’s stock valued at $ 62,366,000 after buying an additional 1,363,601 shares in the last quarter. Burgundy Asset Management Ltd. grew its holdings in KAR Auction Services by 33.4% during the 4th quarter. Burgundy Asset Management Ltd. now owns 5,332,472 shares of the specialty retailer’s stock valued at $ 83,293,000 after buying an additional 1,335,856 shares in the last quarter. Finally, Paradice Investment Management LLC grew its holdings in KAR Auction Services by 17.8% during the 4th quarter. Paradice Investment Management LLC now owns 6,071,673 shares of the specialty retailer’s stock valued at $ 94,840,000 after buying an additional 917,466 shares in the last quarter.
In other KAR Auction Services news, CEO Peter J. Kelly bought 45,958 shares of the firm’s stock in a transaction dated Wednesday, May 11th. The stock was acquired at an average cost of $ 13.10 per share, for a total transaction of $ 602,049.80. Following the completion of the transaction, the chief executive officer now owns 274,978 shares in the company, valued at $ 3,602,211.80. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director J Mark Howell bought 15,300 shares of the firm’s stock in a transaction dated Wednesday, May 11th. The shares were acquired at an average price of $ 13.00 per share, with a total value of $ 198,900.00. Following the completion of the transaction, the director now owns 15,300 shares of the company stock, valued at approximately $ 198,900. The disclosure for this purchase can be found here. Insiders have acquired 166,258 shares of company stock valued at $ 2,189,450 over the last ninety days. 2.00% of the stock is owned by insiders.
A number of research firms recently weighed in on KAR. CJS Securities raised shares of KAR Auction Services from a “market perform” rating to an “outperform” rating and set a $ 20.00 target price for the company in a report on Wednesday, May 4th. Northcoast Research lowered shares of KAR Auction Services from a “buy” rating to a “neutral” rating and set a $ 20.00 target price for the company. in a report on Monday, February 28th. Robert W. Baird cut their target price on shares of KAR Auction Services from $ 25.00 to $ 22.00 in a report on Thursday, May 5th. StockNews.com lowered shares of KAR Auction Services from a “hold” rating to a “sell” rating in a report on Friday, May 6th. Finally, Guggenheim raised shares of KAR Auction Services from a “sell” rating to a “neutral” rating in a report on Friday, February 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $ 20.67.
NYSE KAR opened at $ 14.71 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The company has a fifty day moving average of $ 15.41 and a two-hundred day moving average of $ 15.87. The firm has a market capitalization of $ 1.79 billion, a price-to-earnings ratio of -91.94 and a beta of 1.33. KAR Auction Services, Inc. has a 52 week low of $ 11.76 and a 52 week high of $ 22.10.
KAR Auction Services (NYSE: KAR – Get Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The specialty retailer reported ($ 0.02) EPS for the quarter, missing the estimate consensus of $ 0.15 by ($ 0.17). The firm had revenue of $ 369.40 million for the quarter, compared to analysts’ expectations of $ 559.77 million. KAR Auction Services had a return on equity of 3.35% and a net margin of 0.75%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $ 0.45 earnings per share. Equities research analysts anticipate that KAR Auction Services, Inc. will post 0.41 EPS for the current year.
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.
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: KAR – Get Rating).
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.