KAR Auction Services Inc (NYSE:KAR) was in 24 hedge funds' portfolio at the end of March. KAR has seen an increase in support from the world's most elite money managers in recent months.
Sonic Automotive Inc (NYSE:SAH) was in 9 hedge funds' portfolio at the end of December. SAH shareholders have witnessed an increase in hedge fund interest in recent months.
At the moment, there are plenty of methods investors can use to track Mr. Market. Some of the most underrated are hedge fund and insider trading activity.
In the 21st century investor’s toolkit, there are tons of indicators shareholders can use to watch Mr. Market. A couple of the most useful are hedge fund and insider trading movement.
In a surprising move, Sonic Automotive Inc. (NYSE:SAH) filed an application with the Securities and Exchange Commission seeking more time for filing its annual report.
According to Reuters, U.S. auto sales increased 14% last month in a continuation of an impressive recovery since the financial crisis crippled the industry in 2008.