KAR Auction Services Inc. (NYSE:KAR) saw an uptick in trading volume on Monday . 1,323,162 shares traded hands during mid-day trading, an increase of 42% from the previous session’s volume of 934,634 shares.The stock last traded at $43.08 and had previously closed at $42.77.

A number of brokerages recently issued reports on KAR. Northcoast Research lowered KAR Auction Services from a “buy” rating to a “neutral” rating in a research note on Thursday, July 14th. Zacks Investment Research upgraded KAR Auction Services from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Wednesday, July 6th. Sterne Agee CRT reiterated a “buy” rating and set a $45.00 price objective on shares of KAR Auction Services in a research note on Friday, May 20th. Jefferies Group reiterated a “buy” rating and set a $47.00 price objective (up previously from $45.00) on shares of KAR Auction Services in a research note on Thursday, May 5th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of KAR Auction Services in a research note on Wednesday, May 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.17.

The company’s 50 day moving average price is $41.51 and its 200-day moving average price is $38.26. The firm has a market cap of $5.89 billion and a PE ratio of 27.36.

In other KAR Auction Services news, CEO John C. Hammer sold 16,666 shares of the company’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $39.33, for a total value of $655,473.78. Following the completion of the transaction, the chief executive officer now owns 16,666 shares in the company, valued at $655,473.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas J. Caruso sold 48,860 shares of the company’s stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $41.14, for a total transaction of $2,010,100.40. Following the completion of the transaction, the insider now owns 13,585 shares of the company’s stock, valued at approximately $558,886.90. The disclosure for this sale can be found here.

A number of institutional investors recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its position in KAR Auction Services by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 27,216 shares of the company’s stock valued at $1,008,000 after buying an additional 641 shares in the last quarter. Suntrust Banks Inc. increased its position in KAR Auction Services by 8.1% in the fourth quarter. Suntrust Banks Inc. now owns 34,119 shares of the company’s stock valued at $1,263,000 after buying an additional 2,556 shares in the last quarter. MUFG Americas increased its position in KAR Auction Services by 5.3% in the third quarter. MUFG Americas now owns 55,743 shares of the company’s stock valued at $1,994,000 after buying an additional 2,810 shares in the last quarter. Gluskin Sheff & Assoc Inc. bought a new position in KAR Auction Services during the fourth quarter valued at about $2,014,000. Finally, WBI Investments Inc. bought a new position in KAR Auction Services during the fourth quarter valued at about $12,992,000.

KAR Auction Services, Inc is a provider of vehicle auction services in North America. We operate as three reportable business segments: ADESA, Inc (ADESA Auctions), Insurance Auto Auctions, Inc (IAA) and Automotive Finance Corporation (AFC). ADESA Auctions is a provider of whole car auctions and related services to the vehicle remarketing industry in North America.

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