Incline Global Management LLC Increased Its Kar Auction Svcs INC (KAR) Holding by $24.20 Million

KAR Auction Services, Inc. (NYSE:KAR) LogoInvestors sentiment decreased to 1.07 in Q3 2018. Its down 0.10, from 1.17 in 2018Q2. It dived, as 27 investors sold KAR shares while 115 reduced holdings. 60 funds opened positions while 92 raised stakes. 127.00 million shares or 1.00% less from 128.28 million shares in 2018Q2 were reported. 3.84 million are held by D E Shaw Co Incorporated. 92,673 are owned by Citigroup. Goldman Sachs has 0.01% invested in KAR Auction Services, Inc. (NYSE:KAR). 312,549 were reported by Tcw Group Inc Incorporated. Bancorporation Of Montreal Can holds 0.01% or 134,457 shares. Moreover, Wilbanks Smith & Thomas Asset Management Ltd Com has 0% invested in KAR Auction Services, Inc. (NYSE:KAR) for 869 shares. Guardian Cap Ltd Partnership invested in 0.01% or 7,303 shares. Toronto Dominion National Bank & Trust invested in 0% or 9,312 shares. Bluemountain Capital Management Llc stated it has 92,442 shares or 0.1% of all its holdings. Dimensional Fund Advsrs Limited Partnership invested in 0.03% or 1.33M shares. Employees Retirement Sys Of Ohio reported 63,406 shares. Los Angeles Cap Management And Equity Rech holds 58,056 shares. Endurance Wealth Mngmt owns 1,100 shares. Thrivent Financial For Lutherans reported 0.05% stake. Public Sector Pension Investment Board has invested 0.02% in KAR Auction Services, Inc. (NYSE:KAR).

Incline Global Management Llc increased its stake in Kar Auction Svcs Inc (KAR) by 127.46% based on its latest 2018Q3 regulatory filing with the SEC. Incline Global Management Llc bought 514,925 shares as the company’s stock declined 20.98% with the market. The hedge fund held 918,925 shares of the consumer durables company at the end of 2018Q3, valued at $43.87 million, up from 404,000 at the end of the previous reported quarter. Incline Global Management Llc who had been investing in Kar Auction Svcs Inc for a number of months, seems to be bullish on the $6.68B market cap company. The stock increased 0.73% or $0.36 during the last trading session, reaching $49.66. About 669,168 shares traded. KAR Auction Services, Inc. (NYSE:KAR) has declined 0.24% since January 14, 2018 and is downtrending. It has underperformed by 0.24% the S&P500.

Incline Global Management Llc, which manages about $222.93M and $1.21 billion US Long portfolio, decreased its stake in Yum Brands Inc (Call) (NYSE:YUM) by 50,500 shares to 249,100 shares, valued at $18.34 million in 2018Q3, according to the filing. It also reduced its holding in Altaba Inc by 199,510 shares in the quarter, leaving it with 834,690 shares, and cut its stake in Cboe Hldgs Inc (NASDAQ:CBOE).

More notable recent KAR Auction Services, Inc. (NYSE:KAR) news were published by: Seekingalpha.com which released: “The Reverse Synergy Play – The Idea Guide – Seeking Alpha” on September 25, 2018, also Globenewswire.com with their article: “KAR Names New Leader for Autoniq NYSE:KAR – GlobeNewswire” published on June 07, 2018, Seekingalpha.com published: “KAR to acquire CarsOnTheWeb – Seeking Alpha” on November 28, 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 Seekingalpha.com‘s news article titled: “KAR Auction Services 2018 Q3 – Results – Earnings Call Slides – Seeking Alpha” with publication date: November 07, 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. The rating was maintained by Robert W. Baird on Thursday, August 9 with “Outperform”. The rating was downgraded by Gabelli on Thursday, August 9 to “Hold”.

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

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