As Kar Auction Services INC (KAR) Market Valuation Rose, Holder Baskin Financial Services INC Trimmed Stake by $7.63 Million

KAR Auction Services, Inc. (NYSE:KAR) LogoInvestors sentiment decreased to 1.17 in Q2 2018. Its down 0.05, from 1.22 in 2018Q1. It is negative, as 28 investors sold KAR shares while 104 reduced holdings. 49 funds opened positions while 106 raised stakes. 128.28 million shares or 0.66% less from 129.13 million shares in 2018Q1 were reported. Edge Wealth Limited Liability Company, New York-based fund reported 745 shares. Bank & Trust Of America De invested 0.01% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR). Pinebridge Invs LP invested in 29,274 shares or 0.04% of the stock. Raymond James Trust Na stated it has 0.04% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR). Gamco Invsts Et Al stated it has 0.17% in KAR Auction Services, Inc. (NYSE:KAR). Northern holds 0.01% or 826,879 shares. Colony Gru Limited Liability Corporation has invested 0.31% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR). Royal Retail Bank Of Canada owns 0.01% invested in KAR Auction Services, Inc. (NYSE:KAR) for 470,581 shares. Toronto Dominion Fincl Bank holds 0% in KAR Auction Services, Inc. (NYSE:KAR) or 9,189 shares. Moreover, Rice Hall James Associates Ltd Com has 0.4% invested in KAR Auction Services, Inc. (NYSE:KAR). Three Peaks Capital Lc has 115,062 shares. Kames Capital Public Ltd Com holds 711,637 shares. Mawer Invest accumulated 3.39 million shares. Dumont And Blake Invest Advisors Limited Liability Company has 0.38% invested in KAR Auction Services, Inc. (NYSE:KAR). Fifth Third Retail Bank holds 157,635 shares or 0.06% of its portfolio.

Baskin Financial Services Inc decreased its stake in Kar Auction Services Inc (KAR) by 96.81% based on its latest 2018Q2 regulatory filing with the SEC. Baskin Financial Services Inc sold 141,371 shares as the company’s stock rose 15.62% with the market. The institutional investor held 4,660 shares of the consumer durables company at the end of 2018Q2, valued at $255,000, down from 146,031 at the end of the previous reported quarter. Baskin Financial Services Inc who had been investing in Kar Auction Services Inc for a number of months, seems to be less bullish one the $7.14B market cap company. The stock decreased 3.03% or $1.66 during the last trading session, reaching $53.07. About 547,056 shares traded. KAR Auction Services, Inc. (NYSE:KAR) has risen 39.83% since December 6, 2017 and is uptrending. It has outperformed by 24.21% the S&P500.

Baskin Financial Services Inc, which manages about $534.22M US Long portfolio, upped its stake in Markel Corp. Holding (NYSE:MKL) by 7,569 shares to 7,933 shares, valued at $8.60M in 2018Q2, according to the filing.

Analysts await KAR Auction Services, Inc. (NYSE:KAR) to report earnings on February, 19. They expect $0.60 earnings per share, down 4.76 % or $0.03 from last year’s $0.63 per share. KAR’s profit will be $80.76M for 22.11 P/E if the $0.60 EPS becomes a reality. After $0.70 actual earnings per share reported by KAR Auction Services, Inc. for the previous quarter, Wall Street now forecasts -14.29 % negative EPS growth.

More notable recent KAR Auction Services, Inc. (NYSE:KAR) news were published by: Globenewswire.com which released: “KAR Pursues Separation of IAA Salvage Auction Business Unit – GlobeNewswire” on February 27, 2018, also Globenewswire.com with their article: “ADESA Canada Names New Vice President of Dealer Sales – GlobeNewswire” published on June 13, 2018, Globenewswire.com published: “KAR Names New Leader for Autoniq NYSE:KAR – GlobeNewswire” on June 07, 2018. More interesting news about KAR Auction Services, Inc. (NYSE:KAR) were released by: Seekingalpha.com and their article: “How KAR’s Upcoming IAA Spinoff Benefits Shareholders – Seeking Alpha” published on April 01, 2018 as well as Forbes.com‘s news article titled: “KAR Auction Services To Spin-Off Salvage Auction Unit – Forbes Now” with publication date: March 05, 2018.

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

Among 2 analysts covering KAR Auction Services (NYSE:KAR), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. KAR Auction Services had 2 analyst reports since August 9, 2018 according to SRatingsIntel. On Thursday, August 9 the stock rating was maintained by Robert W. Baird with “Outperform”. The firm has “Hold” rating given on Thursday, August 9 by Gabelli.

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

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