S&P Global Indices Adds First Advantage; Carfax Canada Sees Stable Used Prices
SPGI•S&P Dow Jones Indices will add First Advantage to the S&P SmallCap 600 on June 16, replacing Kennedy-Wilson Holdings after its pending acquisition by a Fairfax-led consortium. SPGI’s Carfax Canada unit reports May used-vehicle prices stabilizing while inventories rose, indicating eased market tightness.
1. S&P SmallCap 600 Rebalance
On June 16, the S&P SmallCap 600 will add First Advantage Corporation (FA) and remove Kennedy-Wilson Holdings (KW), shifting one Industrials and one Real Estate slot in the benchmark.
2. Kennedy-Wilson Acquisition
A consortium led by Kennedy-Wilson’s CEO and Fairfax Financial Holdings Limited is acquiring Kennedy-Wilson Holdings, pending satisfaction of final closing conditions.
3. Carfax Canada Market Update
Carfax Canada reported May used-vehicle retail prices remained flat month-over-month as available inventories increased, suggesting the used-car market is returning to balanced supply-demand levels.
