Shufro Rose & Co. LLC Buys New Holdings in KAR Auction Services, Inc. (NYSE:KAR)


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Shufro Rose & Co. LLC bought a new stake in KAR Auction Services, Inc. (NYSE:KAR) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,000 shares of the specialty retailer’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky raised its stake in shares of KAR Auction Services by 5.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 369,345 shares of the specialty retailer’s stock valued at $6,873,000 after purchasing an additional 19,989 shares in the last quarter. Seelaus Asset Management LLC raised its stake in KAR Auction Services by 64.5% during the fourth quarter. Seelaus Asset Management LLC now owns 34,700 shares of the specialty retailer’s stock worth $646,000 after acquiring an additional 13,600 shares in the last quarter. Corsair Capital Management L.P. acquired a new position in KAR Auction Services during the fourth quarter worth $372,000. LPL Financial LLC raised its stake in KAR Auction Services by 42.9% during the fourth quarter. LPL Financial LLC now owns 21,720 shares of the specialty retailer’s stock worth $404,000 after acquiring an additional 6,525 shares in the last quarter. Finally, Avantax Advisory Services Inc. acquired a new position in KAR Auction Services during the fourth quarter worth $363,000.

KAR has been the subject of several recent analyst reports. Stephens reiterated an “equal weight” rating and set a $16.00 price objective (down from $23.00) on shares of KAR Auction Services in a research note on Thursday, February 25th. Truist lowered KAR Auction Services from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research note on Wednesday, February 17th. Zacks Investment Research lowered KAR Auction Services from a “hold” rating to a “sell” rating in a research note on Thursday, February 18th. Finally, Guggenheim lowered KAR Auction Services from a “neutral” rating to a “sell” rating and set a $11.00 price objective for the company. in a research note on Wednesday, February 17th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. KAR Auction Services currently has an average rating of “Hold” and an average price target of $26.11.

Shares of KAR stock opened at $14.90 on Tuesday. The stock’s fifty day moving average is $15.36 and its 200-day moving average is $16.97. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market capitalization of $1.86 billion, a PE ratio of 99.33, a PEG ratio of 0.92 and a beta of 1.59. KAR Auction Services, Inc. has a 52 week low of $10.28 and a 52 week high of $20.85.

KAR Auction Services (NYSE:KAR) last posted its quarterly earnings results on Monday, February 15th. The specialty retailer reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.29). The firm had revenue of $529.60 million during the quarter, compared to the consensus estimate of $566.66 million. KAR Auction Services had a net margin of 1.61% and a return on equity of 6.50%. As a group, analysts forecast that KAR Auction Services, Inc. will post 0.93 earnings per share for the current fiscal year.

KAR Auction Services Profile

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.

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Institutional Ownership by Quarter for KAR Auction Services (NYSE:KAR)

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