Cardinal Capital Management Llc Upped Its Kar Auction Svcs Inc (NYSE:KAR) Position by $14.57 Million as Price Rose

May 17, 2018 - By Victoria Pittman

KAR Auction Services, Inc. (NYSE:KAR) Corporate LogoBig Money Sentiment increased to 1.69 in 2017 Q4. It has change of 0.36, from 2017Q3’s 1.33. The ratio increased due to KAR positioning: 28 sold and 77 reduced. 58 funds amassed holdings and 119 increased holdings. Investors holded 129.67 million in 2017Q3 but now own 127.57 million shares or 1.62% less. Whittier Tru Of Nevada invested 0% of its capital in KAR Auction Services, Inc. (NYSE:KAR). Paloma Management has invested 0% in KAR Auction Services, Inc. (NYSE:KAR). Opus Grp Limited Liability Corp invested 0.06% in KAR Auction Services, Inc. (NYSE:KAR). Quantum Cap Management holds 5,535 shs. Jpmorgan Chase Com accumulated 2.40 million shs. Quantitative Systematic Strategies Limited Com reported 10,025 shs. Magnetar Financial Limited Liability Company has 4,648 shs for 0.01% of their capital. Neuberger Berman Gp Ltd Company has 0% invested in KAR Auction Services, Inc. (NYSE:KAR). Macquarie Grp Inc Limited holds 0% of its capital in KAR Auction Services, Inc. (NYSE:KAR) for 44,340 shs. 16,376 are owned by Putnam Fl Inv Mgmt Comm. Blackrock Incorporated holds 7.02M shs or 0.02% of its capital. Parametric Portfolio Associates Ltd Llc holds 0.02% in KAR Auction Services, Inc. (NYSE:KAR) or 340,771 shs. Sirios Capital L P invested in 2.2% or 879,712 shs. Winfield Associates Inc invested in 20 shs or 0% of the stock. The Ohio-based James Invest Rech has invested 0.06% in KAR Auction Services, Inc. (NYSE:KAR).

The stake In Kar Auction Svcs Inc (NYSE:KAR) held by Cardinal Capital Management Llc was increased. According to 2018Q1 SEC regulatory form the rise is 16.46%. Kar Auction Svcs Inc (NYSE:KAR) rose 4.37% while stock markets declined as Cardinal Capital Management Llc bought 269,763 shares. Cardinal Capital Management Llc is holding 1.91M shares, compared to 1.64 million last quarter. The reported value is $103.46 million. $7.27B is the Kar Auction Svcs Inc’s MC. Ticker’s shares touched $53.84 during the last trading session after 1.74% change.Currently KAR Auction Services, Inc. is uptrending after 22.53% change in last May 17, 2017. KAR has 991,287 shares volume. The stock outperformed the S&P500 by 10.98%.

Cardinal Capital Management Llc operates about $1.96B and $2.69B US longs. Its stake in Iac Interactivecorp (NASDAQ:IACI) was decreased by 117,219 shares to 381,462 shares valued at $59.65M in 2018Q1, according to the regulatory form. Cardinal Capital Management Llc cut its stake in Mgp Ingredients Inc New (NASDAQ:MGPI) and reduced Ligand Pharmaceuticals Inc (NASDAQ:LGND) position by 215,011 shares for a total of 439,335 shares.

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

In total 8 analysts cover Kar Auction Services Inc (NYSE:KAR). “Buy” rating has 6, “Sell” are 0, while 2 are “Hold”. 75% are bullish. 9 are the (NYSE:KAR)’s analyst reports since January 16, 2018 according to StockzIntelligence Inc. On Tuesday, January 16 the stock has “Hold” rating by Stephens. In Friday, March 2 report Bank of America maintained it with “Buy” rating and $66 target. On Wednesday, March 21 the firm has “Buy” rating given by Barrington. On Wednesday, February 28 the firm has “Buy” rating given by Robert W. Baird. In Monday, March 19 report JP Morgan maintained it with “Overweight” rating and $63 target. On Thursday, March 1 the stock of KAR Auction Services, Inc. (NYSE:KAR) has “Buy” rating given by Gabelli.

KAR Auction Services, Inc., together with its subsidiaries, provides vehicle auction services in the United States, Canada, Mexico, and the United Kingdom.The company has $7.27 billion market cap. It operates in three divisions: ADESA Auctions, IAA, and AFC.20.55 is the P/E ratio. 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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