As Kar Auction Svcs Inc (NYSE:KAR) Price Rose, Cardinal Capital Management Llc Bought More

May 17, 2018 - By Alberta Moore

KAR Auction Services, Inc. (NYSE:KAR) Corporate LogoDuring Q4 2017 the big money sentiment increased to 1.69. That’s change of 0.36, from 2017Q3’s 1.33. 28 investors sold all, 77 reduced holdings as KAR ratio increased. 119 increased holdings while 58 funds acquired holdings. Funds hold 127.57 million shares thus 1.62% less from 2017Q3’s 129.67 million shares. Rwc Asset Limited Liability Partnership owns 0.6% invested in KAR Auction Services, Inc. (NYSE:KAR) for 225,000 shs. Assetmark holds 3,116 shs. Stratos Wealth Prtnrs stated it has 0% in KAR Auction Services, Inc. (NYSE:KAR). Putnam Lc accumulated 142,037 shs or 0.02% of the stock. Asset Management One Ltd reported 126,570 shs. Tiaa Cref Investment Limited Liability owns 672,822 shs or 0.02% of their US capital. Macquarie Gp Limited reported 44,340 shs stake. Brown Advisory has invested 0% in KAR Auction Services, Inc. (NYSE:KAR). The New York-based Incline Ltd Liability Company has invested 2.83% in KAR Auction Services, Inc. (NYSE:KAR). Oppenheimer Asset Mgmt Inc accumulated 43,821 shs. Baskin Financial Ser reported 146,856 shs or 1.41% of all its holdings. Farmers Merchants has invested 0% in KAR Auction Services, Inc. (NYSE:KAR). Brinker reported 5,941 shs. Ubs Asset Mngmt Americas owns 129,022 shs. Bancorp Of Montreal Can holds 0.01% in KAR Auction Services, Inc. (NYSE:KAR) or 186,501 shs.

Cardinal Capital Management Llc increased its holdings by 16.46% in Kar Auction Svcs Inc (NYSE:KAR), according to 2018Q1 SEC regulatory report. Kar Auction Svcs Inc (NYSE:KAR) stock Popped Up 4.37% while Cardinal Capital Management Llc bought 269,763 shares. In 2018Q1, the 1.91M shares in Kar Auction Svcs Inc (NYSE:KAR) held by Cardinal Capital Management Llc were priced $103.46 million, up from 1.64 million last quarter. $7.27 billion is the Kar Auction Svcs Inc’s MC. KAR touched $53.84 during the last trading session after $0.92 change.KAR Auction Services, Inc. has volume of 991,287 shares. Since May 17, 2017 KAR has risen 22.53% and is uptrending. The stock outperformed the S&P500 by 10.98%.

$1.96B and $2.69 billion US longs are managed by Cardinal Capital Management Llc. According to SEC [filling] the stake in Newmark Group Inc () was decreased by 736,871 shares to 897,212 shares. They are valued at $13.63M in 2018Q1. It decreased Ligand Pharmaceuticals Inc (NASDAQ:LGND) position by 215,011 shares to 439,335 shares, and cut its Howard Hughes Corp (NYSE:HHC) stake.

Cardinal Capital Management Llc is a Connecticut-based institutional investor with more than $1.96 billion AUM in March, 2014. Taken from Cardinal Capital Management latest Adv, the fund reported to have 14 full and part-time employees. Among which 7 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

KAR Auction Services, Inc. (NYSE:KAR) Ratings Coverage

Total analysts of 8 have positions in Kar Auction Services Inc (NYSE:KAR) as follows: 6 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 75%. Since January 16, 2018 according to StockzIntelligence Inc Kar Auction Services Inc has 9 analyst reports. The company rating was upgraded by Gabelli on Thursday, March 1. On Wednesday, March 21 the firm has “Buy” rating by Barrington given. On Tuesday, January 16 the stock of KAR Auction Services, Inc. (NYSE:KAR) has “Hold” rating given by Stephens. On Monday, March 19 the rating was maintained by JP Morgan with “Overweight”. The company rating was maintained by Robert W. Baird on Wednesday, February 28. On Friday, March 2 the stock of KAR Auction Services, Inc. (NYSE:KAR) has “Buy” rating given by Bank of America.

KAR Auction Services, Inc., together with its subsidiaries, provides vehicle auction services in the United States, Canada, Mexico, and the United Kingdom.The firm is valued at $7.27 billion. It operates in three divisions: ADESA Auctions, IAA, and AFC.The P/E ratio is 20.55. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.

KAR Auction Services, Inc. (NYSE:KAR) Institutional Investors Chart

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