Starboard's Smith boosts KAR Auction, Cerner

|About: Cerner Corporation (CERN)|By:, SA News Editor

Speaking at the 13D Monitor Active-Passive Investor Summit, Starboard Value's Jeff Smith says Cerner (NASDAQ:CERN) remains cheap even after recent gains. Margin targets are reasonable and achievable, he says, and an opportunity to improve governance and leadership remains. Shares are up 1% premarket.

He's got a new idea as well in KAR Auction Services (NYSE:KAR). Valuation, he says, is incredibly cheap for this great business with secular tailwinds. There's also opportunity in spinning of the salvage operation. Shares are up 5.25% premarket.

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