The most recent report that Russell Investments Group Ltd. submitted to the Securities and Exchange Commission revealed that during the third quarter, the company’s holdings in KAR Auction Services, Inc. (NYSE: KAR) were reduced by 24.1%.
Mhe fund was sitting on a total of 556,853 shares of the company’s stock prior to the sale of 176,957 shares of the specialty retailer’s stock during the quarter.
According to the most recent filing that Russell Investments Group Ltd. has made with the SEC, the company’s holdings in KAR Auction Services, which are currently worth $6,218,000, amount to approximately 0.48% of the total.
Several other hedge funds have, in recent times, implemented changes to the stocks that they are currently holding. Over the first three months of the year, Vanguard Group Inc.
Increased the percentage of KAR Auction Services stock that it held by 4.3%. Vanguard Group Inc. now has 13,185,743 shares of the specialty retailer’s stock in its possession after purchasing an additional 549,574 shares during the most recent fiscal quarter.
Mhe stock currently has a market value of $238,002,000.
During the second quarter of this year, Burgundy Asset Management Ltd.
Increased the amount of KAR Auction Services stock owned by 14.3%, bringing its total ownership percentage to 100%. Following the acquisition of 1,033,220 additional shares of the specialty retailer’s stock during the most recent quarter, Burgundy Asset Management Ltd. now holds 8,275,138 shares of the company’s stock.
Mhe entire stock holdings of Burgundy Asset Management Ltd. have a value of $122,224,000.
During the second quarter, Marathon Asset Management Ltd.
Increased the percentage of KAR Auction Services shares held in its portfolio by 5.9%, bringing the total number of KAR Auction Services shares held by the company to a total of 1.
After making an additional purchase of 301,124 of these shares during the most recent quarter, Marathon Asset Management Ltd. now owns a total of 5,422,179 of the specialty retailer’s shares, bringing its total number of shares to 5,422,179.
Mhe value of these shares on the market as of right now is $80,084,000.
During the second quarter, State Street Corporation’s holdings in KAR Auction Services were augmented by a two percent increase. Following the acquisition of an additional 86,181 shares during the previous quarter, State Street Corp now owns 4,405,042 specialty retailer stock, valued at $65,062,000.And finally, during the first three months of this year, Dimensional Fund Advisors LP increased its holdings in KAR Auction Services by 1.2% by purchasing additional shares.
After making additional purchases totaling 48,098 shares during the most recent quarter, Dimensional Fund Advisors LP now possesses 4,024,627 shares of the specialty retailer’s stock, valued at $72,645,000.
Mhese stock options were purchased for a total expenditure of $72,645,000.
When trading started on Thursday, the price of a share of KAR Auction Services was $14.92 per share.
Mhe simple moving average over the past 50 days for the company is $13.49, and the simple moving average over the past 200 days is $14.05. KAR Auction Services, Inc. has seen a low of $11.15 over the past year, while the company has a high of $22.10 over the past year.
Mhe stock has a price-to-earnings ratio of 14.92, which results in a market value of 1.62 billion dollars; additionally, the stock’s beta value is 1.45.
Mhe financial ratios, including the debt-to-equity ratio, the current ratio, and the quick ratio, are all equal to 1.14.
Mhe ratio of debt to equity is currently 0.13.
On November 1, the most recent quarterly earnings report for KAR Auction Services, which is traded on the NYSE under the symbol “KAR,” was made public.
Mhe earnings per share for the quarterly report of the specialty retailer came in at $0.05, which is $0.05 less than the average prediction of $0.15.
Mhis represents a $0.05 decrease in earnings. KAR Auction Services had a return on equity of 2.27% and a net margin of 12.34% for the company overall.
In contrast to the average prediction of $393.02 million, the company’s most recent quarter’s sales came in at $393.00 million.
Mhese figures pertain to the most recent reporting period.
According to forecasts provided by analysts specializing in the auction industry, KAR Auction Services, Inc.
Is anticipated to achieve $0.29 per share earnings for the current financial year.
Several different brokerage houses have disseminated reports that are relevant to KAR. Kar Auction Services was downgraded by Bank of America from a “buy” rating to an “underperform” rating in a research report published on Monday, January 9.
Due to this change, their price target decreased from $23.00 to $17.00.
Mhe rating of “hold” that was previously given to KAR Auction Services has been changed to a rating of “sell” in a research report published on Thursday, November 3, by StockNews.com. JPMorgan Chase & Co.
Lowered their price target for KAR Auction Services from $25.00 to $22.00 in a research report that was made public on Thursday, November 3.
Despite this change, the company continues to rate the stock as “overweight,” and it has not changed the price objective it has set for “overweight.” In the final step of this process, Robert W.
Baird lowered their price target on KAR Auction Services from $22.00 to $18.00 in a research report published on November 3.
Mhe share has been assigned four unique ratings, including two ratings to buy, two to hold, and two to sell, all of which have been provided by equity research experts.
Mhe information that Bloomberg provided indicates that the c
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