Teachers Retirement System of The State of Kentucky Has $1.09 Million Stock Position in KAR Auction Services, Inc. (NYSE:KAR)

Teachers Retirement System of The State of Kentucky trimmed its position in shares of KAR Auction Services, Inc. (NYSE:KAR) by 68.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,322 shares of the specialty retailer’s stock after selling 143,623 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in KAR Auction Services were worth $1,087,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. FMR LLC grew its position in KAR Auction Services by 249,708.0% in the second quarter. FMR LLC now owns 1,119,140 shares of the specialty retailer’s stock valued at $19,641,000 after acquiring an additional 1,118,692 shares during the last quarter. Paradice Investment Management LLC lifted its stake in KAR Auction Services by 27.4% in the 3rd quarter. Paradice Investment Management LLC now owns 5,154,207 shares of the specialty retailer’s stock valued at $84,477,000 after purchasing an additional 1,108,428 shares during the last quarter. Atlanta Capital Management Co. L L C increased its holdings in shares of KAR Auction Services by 50.3% during the second quarter. Atlanta Capital Management Co. L L C now owns 1,616,906 shares of the specialty retailer’s stock worth $28,377,000 after buying an additional 541,250 shares in the last quarter. Alberta Investment Management Corp raised its holdings in KAR Auction Services by 1,809.0% in the 2nd quarter. Alberta Investment Management Corp now owns 493,817 shares of the specialty retailer’s stock valued at $8,666,000 after buying an additional 467,949 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in KAR Auction Services by 65.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,068,648 shares of the specialty retailer’s stock worth $18,754,000 after buying an additional 422,222 shares during the period.

Several equities research analysts recently commented on the company. TheStreet lowered KAR Auction Services from a “c-” rating to a “d” rating in a research report on Tuesday, November 2nd. Zacks Investment Research upgraded shares of KAR Auction Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.17.

Shares of NYSE KAR opened at $16.33 on Friday. KAR Auction Services, Inc. has a 1-year low of $13.55 and a 1-year high of $20.06. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The stock’s 50-day moving average is $15.61 and its 200 day moving average is $16.16. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 1,633.00, a P/E/G ratio of 0.65 and a beta of 1.42.

KAR Auction Services (NYSE:KAR) last released its quarterly earnings data on Tuesday, November 2nd. The specialty retailer reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.01. KAR Auction Services had a return on equity of 6.89% and a net margin of 1.98%. The firm had revenue of $535.20 million for the quarter, compared to the consensus estimate of $506.94 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, analysts forecast that KAR Auction Services, Inc. will post 0.73 EPS for the current fiscal year.

About KAR Auction Services

KAR Auction Services, Inc engages in the provision of used car auction services and salvage auction services in North America and the United Kingdom. It operates through the following segments: ADESA Auctions and Automotive Finance Corporation (AFC). The ADESA segment provides whole car auctions and related services to the vehicle remarketing industry in North America.

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

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