Posts for Ticker ‘CPRT’

An IPO Coming Tied To Autos, Really… (GS, CPRT)

Money Stack ImageKAR Holdings, Inc. is going to sound like a bit of a strange initial public offering if you have gotten used to the dismal US auto industry.  The company has filed for an IPO of up to $400,000,000.00 and will trade on the New York Stock Exchange under a ticker to be determined later.  The sole underwriter listed here is Goldman, Sachs & Co., which parent Goldman Sachs Group Inc. (NYSE: GS) owns/controls a 25.3% stake if you count it under the GS Capital Partners VI Fund with related funds.   This company is now the second-largest U.S. auto auction services provider behind Copart Inc. (NASDAQ: CPRT).
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Posted on: September 15, 2009 – 2:10 pm in Autos, IPOs, ,

Top Pre-Market Analyst Downgrades (BBL, CBE, CPRT, DT, GPC, MPW, SAP, TRIN)

Down_arrow_redThese are the top downgrades and cautious calls we have seen from Wall Street analysts this Wednesday morning:

  • BHP Billiton plc (BBL) Cut to Hold at Canaccord.
  • Cooper Industries (CBE) Cut to Neutral at UBS.
  • Copart (CPRT) Cut to Neutral at Baird.
  • Deutsche Telecom (DT) Cut to Underperform at Bernstein.
  • Genuine Parts (GPC) Started as Underperform at FBR.
  • Medical Properties trust (MPW) Cut to Neutral at UBS.
  • SAP (SAP) Cut to Sell from Hold at Societe Generale.
  • Thomson Reuters plc (TRIN) Cut to Sell at RBS.

Jon C. Ogg
November 26, 2008

Posted on: November 26, 2008 – 7:47 am in Analyst Calls, , , , , , , ,