Victory Capital Management Inc. decreased its holdings in KAR Auction Services Inc (NYSE:KAR) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,629,755 shares of the specialty retailer’s stock after selling 110,853 shares during the quarter. Victory Capital Management Inc.’s holdings in KAR Auction Services were worth $82,319,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. boosted its stake in shares of KAR Auction Services by 29.0% in the third quarter. Raymond James Trust N.A. now owns 9,705 shares of the specialty retailer’s stock worth $463,000 after acquiring an additional 2,179 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of KAR Auction Services by 105.6% in the second quarter. PNC Financial Services Group Inc. now owns 4,063 shares of the specialty retailer’s stock worth $171,000 after acquiring an additional 2,087 shares during the period. Boston Partners boosted its stake in shares of KAR Auction Services by 15.4% in the third quarter. Boston Partners now owns 640,752 shares of the specialty retailer’s stock worth $30,589,000 after acquiring an additional 85,676 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of KAR Auction Services by 88.9% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,477 shares of the specialty retailer’s stock worth $262,000 after acquiring an additional 2,577 shares during the period. Finally, K.J. Harrison & Partners Inc boosted its stake in shares of KAR Auction Services by 3.9% in the third quarter. K.J. Harrison & Partners Inc now owns 72,700 shares of the specialty retailer’s stock worth $3,471,000 after acquiring an additional 2,700 shares during the period. 99.53% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Lisa A. Price sold 6,563 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $54.05, for a total transaction of $354,730.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Donald S. Gottwald sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $48.14, for a total value of $481,400.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,563 shares of company stock valued at $1,929,930. 1.30% of the stock is owned by corporate insiders.

A number of equities analysts have recently weighed in on the company. Stephens set a $57.00 price objective on KAR Auction Services and gave the stock a “hold” rating in a research note on Wednesday, January 17th. Zacks Investment Research lowered KAR Auction Services from a “buy” rating to a “hold” rating in a research note on Saturday. Gabelli lowered KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a research note on Thursday, November 2nd. Finally, JPMorgan Chase & Co. upped their price objective on KAR Auction Services from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $54.60.

KAR Auction Services Inc (NYSE:KAR) opened at $53.31 on Friday. KAR Auction Services Inc has a one year low of $40.27 and a one year high of $55.19. The company has a market capitalization of $7,210.98, a P/E ratio of 31.36, a P/E/G ratio of 1.85 and a beta of 1.10. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.35 and a current ratio of 1.35.

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About KAR Auction Services

KAR Auction Services, Inc is a provider of whole car auction services in North America, and salvage auction services in North America and the United Kingdom. The Company operates through three segments: ADESA, Inc (ADESA Auctions or ADESA), Insurance Auto Auctions, Inc (IAA) and Automotive Finance Corporation (AFC).

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

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