Jun. 16 at 9:59 PM
$KAR remains a cheap stock but not sure there are any imminent catalysts. Just a
$250 million share buyback in place and they retired all remaining debt a couple weeks ago (unsure if they drew on revolver at all if they are also using cash to aggressively buyback stock).
over
$31 zone for 20 of 30 days and APAX gets converted to common shares and company saves 40 mil/yr in preferred divi's.
