As Kar Auction Svcs INC (KAR) Valuation Rose, Cardinal Capital Management LLC Has Raised by $14.57 Million Its Holding

July 16, 2018 - By Billy Entrekin

KAR Auction Services, Inc. (NYSE:KAR) LogoInvestors sentiment decreased to 1.22 in 2018 Q1. Its down 0.47, from 1.69 in 2017Q4. It is negative, as 26 investors sold KAR shares while 101 reduced holdings. 46 funds opened positions while 109 raised stakes. 129.13 million shares or 1.22% more from 127.57 million shares in 2017Q4 were reported. Yorktown Research invested 0.1% in KAR Auction Services, Inc. (NYSE:KAR). Mackay Shields Ltd Co has invested 0.05% in KAR Auction Services, Inc. (NYSE:KAR). Avalon Advisors Ltd Co holds 0.09% or 53,662 shares in its portfolio. Paloma Partners Mngmt Com has 0.01% invested in KAR Auction Services, Inc. (NYSE:KAR) for 12,920 shares. Whittier Trust Of Nevada Incorporated holds 0% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR) for 797 shares. Rhode Island-based Washington Tru Communications has invested 0.81% in KAR Auction Services, Inc. (NYSE:KAR). Thompson Siegel And Walmsley Limited Liability Company has invested 1.11% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR). Quantbot Limited Partnership owns 0.2% invested in KAR Auction Services, Inc. (NYSE:KAR) for 42,345 shares. Putnam Fl Invest Mngmt, Massachusetts-based fund reported 16,286 shares. Archford Strategies Ltd stated it has 0% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR). Regions Financial holds 0.31% or 517,880 shares in its portfolio. Thrivent Fincl For Lutherans stated it has 0.1% in KAR Auction Services, Inc. (NYSE:KAR). 185 are owned by Northwestern Mutual Wealth Communication. Jefferies Gp Incorporated Limited Liability Corporation holds 0% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR) for 15,453 shares. Td Asset Mgmt holds 170,000 shares.

Cardinal Capital Management Llc increased its stake in Kar Auction Svcs Inc (KAR) by 16.46% based on its latest 2018Q1 regulatory filing with the SEC. Cardinal Capital Management Llc bought 269,763 shares as the company’s stock rose 2.44% while stock markets declined. The institutional investor held 1.91M shares of the consumer durables company at the end of 2018Q1, valued at $103.46M, up from 1.64 million at the end of the previous reported quarter. Cardinal Capital Management Llc who had been investing in Kar Auction Svcs Inc for a number of months, seems to be bullish on the $8.09B market cap company. The stock increased 0.02% or $0.01 during the last trading session, reaching $59.97. About 1.05 million shares traded or 15.63% up from the average. KAR Auction Services, Inc. (NYSE:KAR) has risen 21.91% since July 16, 2017 and is uptrending. It has outperformed by 9.34% the S&P500.

Cardinal Capital Management Llc, which manages about $1.96B and $2.69 billion US Long portfolio, decreased its stake in Kaman Corp (NYSE:KAMN) by 105,721 shares to 833,772 shares, valued at $51.79M in 2018Q1, according to the filing. It also reduced its holding in Newmark Group Inc by 736,871 shares in the quarter, leaving it with 897,212 shares, and cut its stake in Teledyne Technologies Inc (NYSE:TDY).

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

Among 7 analysts covering Kar Auction Services Inc (NYSE:KAR), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Kar Auction Services Inc had 8 analyst reports since February 23, 2018 according to SRatingsIntel. The firm has “Buy” rating by Robert W. Baird given on Wednesday, February 28. The stock of KAR Auction Services, Inc. (NYSE:KAR) has “Buy” rating given on Thursday, March 1 by Gabelli. The rating was maintained by JP Morgan on Monday, March 19 with “Overweight”. The firm has “Buy” rating by Barrington given on Wednesday, March 21. The stock of KAR Auction Services, Inc. (NYSE:KAR) earned “Buy” rating by Bank of America on Friday, March 2.

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

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