KAR Auction Services
From Taighde
KAR Auction Services is a provider of auction services for used and salvage cars. The Company is based in the United States. The company held an IPO in December 2009
The China Investment Corporation owns 481,500 shares of the company as of December 31, 2009. The stake is valued at $6.640 million. The CIC released this data in their first quarterly disclosure on US equity holdings to the United States Securities and Exchange Commission. The CIC most likely purchased their stake during KAR's IPO.
