Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of vehicle auctioneer specialist KAR Auction Services
So what: A glowing value-based recommendation, published after hours last night on Seeking Alpha, inspired an impressive but low-volume and quickly erased price spike. Such is the market-moving power of popular blogs when dealing with thinly traded stocks like KAR.
Now what: If you like the used-car market, KAR stands about a belly button below quality competitors Comerica
Interested in more info about KAR Auction Services? Add it to My Watchlist.